• Register
Return to: Home > News > Standards > Indian CAs fight branch audit proposals

Indian CAs fight branch audit proposals

Indian chartered accountants are said to be lobbying against Reserve Bank of India (RBI) proposals to allow state-run banks to stop mandatory branch audits, according to news reports.

The RBI believes banning these audits would enable cost savings as they are more expensive than audits of privately-owned banks.

If branch audits are scraped, it will affect small audit practitioners, who form a considerable proportion of the Institute of Chartered Accountants of India’s membership.

The institute is opposed to the proposal as it believes it would raise governance concerns and make the sector more susceptible to fraud.

Top Content

    Nigeria: building compliance and engagement

    Opportunities created by regulatory and legislative changes in Nigeria are tempered by the fragile state of the economy, although practitioners are generally confident that conditions will improve over the next few years if appropriate steps are taken. Paul Golden reports.

    read more

    Ghana: a quest for consistency

    Ghana’s current economic profile would suggest a fertile landscape for purveyors of accounting services. But inconsistent approaches to compliance and application of standards – coupled with problems in the banking sector and consequent liquidity constraints – have created a challenging environment. Paul Golden writes.

    read more

    Drone technology: audit takes to the skies

    The movement towards a digitised era has already impacted the auditing profession in a number of ways, from blockchain to artificial intelligence. Now firms are taking to sky and using drone technology in their audits. Mishelle Thurai speaks to Big Four firms to find out more.

    read more

    SBC: a new alliance joins the market

    Jonathan Minter speaks to Paul Tutin, chair of founding firm Streets Chartered Accountants, about why the business and its European partners took the decision to launch their own association.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.