Question ID :
44798
Statutory Bank Branch Audit
I have done Audit for 4 years of a particular bank continuously. Thereafter i took one year break. Now again can i do Statutory bank branch Audit of the same bank?
Posted by
PAREKH DHARAMESH
on
Feb 15, 2025
Filed Under
AUDIT
yes...If you are lucky to get audit....
Posted by
SIVADAS CHETTOOR on
Feb 15, 2025
Answer ID :
85669
As a matter of fact usually the so called cooling period is said to be 3 years...but in my case It is now 5 years....
Posted by
SIVADAS CHETTOOR on
Feb 16, 2025
Answer ID :
85685
From year 2020-21, cooling period has been removed. But after completion of four years of continuous audit, the firm will not be re-appointed by same bank. But they will be eligible to be re-appointed for other banks.
Posted by
CA. chunauti dholakia on
Feb 21, 2025