The Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) issues the revised edition of the “Guidance Note on Audit of Banks” every year under the authority of the ICAI Council. It has issued the 19th revised edition.
This publication serves as a comprehensive resource for auditors conducting statutory audits of banks and bank branches, ensuring they stay updated with the latest regulatory requirements and auditing standards.
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For the year 2025, AASB released the Guidance Note on Audit of Banks (2025 Edition), which is structured into two sections: Section A and Section B. Section A comprises 20 chapters, covering fundamental aspects of bank audits, while Section B consists of 26 chapters.
The Guidance Note on Audit of Banks receives annual revisions to incorporate the latest changes in the banking and regulatory landscape. These updates include amendments arising from RBI Master Directions/Circulars, ICAI advisories and pronouncements, and changes in applicable laws and regulations.
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The former ICAI president complimented CA. (Dr.) Sanjeev Kumar Singhal, Chairman, CA. Vishal Doshi, Vice-Chairman, and all other members of Auditing and Assurance Standards Board for bringing out this revised Guidance Note.
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