ICAI Press
Release
June 12, 2013
The
Institute of Chartered Accountants of India (ICAI) would like to clarify that
the present limit for Statutory Bank Branch Audit is still Rs. 20 Crore (of
advances) and not Rs. 50 Crore as being erroneously reported in some
sections of the media. This is to inform that concerted and strategized efforts
are being made to convince the Government to reduce the limit to Rs. 6 Crore,
in Public Interest.
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