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Name : Muralidharan.M.P
Subject: Bank Audit to CA's
Reply : CAs are hired by the banks for conduct of stock audit of their borrowers who have been lent funds for inventory buid-up. The CA firms with requisite back-ground and experience will have to be empanelled with the head offices of the banks.

All the bank branches have to be audited at the end of the financial year by CAs and for this task only firms with considerable experience are enlisted. This is decided by the RBI. You may approach the local office of RBI for getting the details or even approach the head office of a bank if one is located in your area.


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