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Question ID : 31721

Stock Audit Assignment

Can a Statutory auditor of a bank take up the stock audit assignment of the same bank.

Posted by Ankit Kumar Agarwalla on Jun 27, 2018

Filed Under AUDIT

Answer ID : 69830

No. Not Allowed ! Statutory Auditor should be independent, not having any transactions with the Bank.

Posted by Vipul Jadhav on Jun 27, 2018