Question ID :
44632
MRL - Concurrent Audit
A CA firm is conducting Concurrent Audit of bank. Also firm is giving few certificate as part of concurrent audit. Firm asked MRL from Bank . However Bank is of opinion that MRL is not required in case of Concurrent Audit. So kindly guide whether CA form should obtain MRL from Bank. Also guide whehtehr is MRL required from Peer Review point of view.
Posted by
samirkumar gokulbhai kasvala
on
Apr 04, 2024
Filed Under
MISC.
Answer ID :
85380
Yes. MRL is part of audit evidence. Hence it required for certificates issued as a part of concurrent audit also. It is required from peer review point of view also.
Posted by
CA. chunauti dholakia on
Apr 04, 2024