It has been brought to notice by some friends that certain banks - TopicsExpress



          

It has been brought to notice by some friends that certain banks are insisting upon the Concurrent Auditors to certify LFAR,TAX AUDIT and sign the Balance Sheet.This is primarily in respect of the branches with advances below 20 crores.To my mind what is being asked of them is a statutory function and that would be in conflict with their role as concurrent auditors.In my view our ethical standards do not permit that. Also it would be pertinent to note that in case it is merely certification of certain figures,it may be possible.But signing of the Balance Sheet would mean a detailed audit and that may not meet the requirements of ethical standards.
Posted on: Wed, 02 Apr 2014 19:25:37 +0000

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