{"id":18095,"date":"2021-09-30T17:11:05","date_gmt":"2021-09-30T11:41:05","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=18095"},"modified":"2024-06-03T11:49:08","modified_gmt":"2024-06-03T06:19:08","slug":"rbi-guidelines-on-statutory-central-auditors-for-banking","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/","title":{"rendered":"RBI Guidelines on Statutory Central Auditors for Banking"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-18097 size-full\" src=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png\" alt=\"RBI Guidelines on Statutory Central Auditors for Banking\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png 1200w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1-300x158.png 300w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1-1024x538.png 1024w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1-615x323.png 615w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1-400x210.png 400w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1-292x153.png 292w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p style=\"text-align: justify;\">RBI i.e. Reserve Bank of India is the central bank of India. It has set various rules and regulations so as to control and manage the operations of the Banking sector in India. In this article, we will discuss the guidelines by RBI on <a href=\"https:\/\/www.cagmc.com\/statutory-audit\/\">Statutory Central Auditors<\/a>. So, let us see what those guidelines are through this article.<\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid #555;\">\n<p style=\"text-align: justify;\"><strong>Contents<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li><a href=\"#applicability\">Applicability of Guidelines regarding Statutory Central Auditors by RBI<\/a><\/li>\n<li><a href=\"#number\">Number of Statutory Central Auditors: RBI and Branch Coverage<\/a><\/li>\n<li><a href=\"#norms\">Norms and Criteria for appointment of Statutory Central Auditors: RBI<\/a><\/li>\n<li id=\"applicability\"><a href=\"#eligibility\">Eligibility Criteria for Auditors<\/a><\/li>\n<li><a href=\"#procedure\">Procedure to Appoint Statutory Central Auditors: RBI<\/a><\/li>\n<li><a href=\"#conclusion\">Conclusion<\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><strong>Applicability of Guidelines regarding Statutory Central Auditors by RBI<\/strong><\/h2>\n<p style=\"text-align: justify;\">RBI has issued guidelines for appointment of Statutory Central Auditors through notification number-Ref.No.DoS.CO.ARG\/SEC.01\/08.91.001\/2021-22 dated 27.04.2021.<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Applicability-<\/strong>The said guidelines will be applicable on Commercial Banks, UCBs (Urban Cooperative Banks), <a href=\"https:\/\/www.cagmc.com\/non-banking-finance-company\/\">NBFCs<\/a> from Financial year 2021-2022. NBFCs which are not taking deposits and have an asset size less than Rs.1, 000 crore can continue with their earlier procedure. As it is first time application for UCB and <a href=\"https:\/\/www.cagmc.com\/process-of-nbfc-takeover-in-india\/\">NBFCs,<\/a> they can opt to choose it after Half Year.<\/li>\n<li><strong>RBI\u2019s prior Approval-<\/strong> It is made mandatory of UCBs and Commercial Banks to take prior approval of RBI for appointment of Statutory Central Auditors. The approval has to be taken from Department of Supervision.<br \/>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>Particulars<\/strong><\/td>\n<td style=\"border: 1px solid #555;\"><strong>Timeline to take approval<\/strong><\/td>\n<td style=\"border: 1px solid #555;\"><strong>Relevant jurisdiction<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">UCBs<\/td>\n<td style=\"border: 1px solid #555;\">Before 31<sup>st<\/sup> July of reference year<\/td>\n<td style=\"border: 1px solid #555;\">If located in Mumbai region, Central office of RBI. Otherwise concerned regional office where head office of UCB is located<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">Commercial Banks<\/td>\n<td style=\"border: 1px solid #555;\">Within one month after receipt of eligible audit firms list from RBI<\/td>\n<td style=\"border: 1px solid #555;\">Department of Supervision, Central office of RBI<\/td>\n<\/tr>\n<tr id=\"number\">\n<td style=\"border: 1px solid #555;\">NBFCs<\/td>\n<td style=\"border: 1px solid #555;\">No prior approval needed<\/td>\n<td style=\"border: 1px solid #555;\">Intimation through prescribed form within one month of appointment.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<\/ul>\n<h2><strong>Number of Statutory Central Auditors: RBI and Branch Coverage<\/strong><\/h2>\n<ul style=\"text-align: justify;\">\n<li><strong>Number of Statutory Central Auditors &#8211; <\/strong>The guidelines specify that number of Statutory Central Auditors should be in correlation with the asset size of the entities. The entities can decide the number of SCAs on basis of Local Management Committee\u2019s approved policy. The committee should consider various relevant factors before deciding such number. Any entity with an asset size of more than Rs.15, 000 crore should have minimum of two joint auditors. Following is the criteria for maximum auditors that can be appointed based on the asset size:-<br \/>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>Asset Size of the Company<\/strong><\/td>\n<td style=\"border: 1px solid #555;\"><strong>Maximum Number of SCAs<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">Up to Rs.5 lakh crore<\/td>\n<td style=\"border: 1px solid #555;\">4<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">Rs.5 lakh crore- Rs.10 lakh crore<\/td>\n<td style=\"border: 1px solid #555;\">6<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">Rs.10 lakh crore- Rs.20 lakh crore<\/td>\n<td style=\"border: 1px solid #555;\">8<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">Above Rs.20 lakh crore<\/td>\n<td style=\"border: 1px solid #555;\">12<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li id=\"norms\"><strong>Branch Coverage-<\/strong>We all are aware that public sector banks have a well-knit network of branches throughout the country. Therefore, practically it is not possible to conduct audit of each and every branch by SCAs. Hence, RBI guidelines also tells criteria about allotment of branches to SCAs. The entities should allot Top 20 branches on the basis of outstanding advances. Such 20 branches should cover 15% of the total gross advances of the bank. In case of an entity having less than 100 branches 20% of the branches can be selected. In addition to this, provisions of <a href=\"https:\/\/www.cagmc.com\/statutory-registers-as-per-companies-act-2013\/\">companies act, 2013<\/a> should be followed to the extent applicable.<\/li>\n<\/ul>\n<h2><strong>Norms and Criteria for appointment of Statutory Central Auditors: RBI<\/strong><\/h2>\n<ul style=\"text-align: justify;\">\n<li><strong>Independence of Auditors &#8211;<\/strong> The Board\/LMC should assess the independence of the auditors. The same can be assessed on various factors. Like common partners, conflict of interest etc. The entity should maintain time gap between audit and non-audit work.<\/li>\n<li><strong>Professional Standards and due diligence &#8211; <\/strong>Board should assess the professional standards and due diligence of the auditors on an annual basis. Also any lapse if found should be brought into light.<\/li>\n<li id=\"eligibility\"><strong>Tenure and Rotation &#8211;<\/strong> An entity has to appoint SCAs for three continuous years. The audit firm should satisfy the eligibility criteria each year. Hence, if entity removes the SCA during the above period then prior approval of RBI is required (in case of UCBs or Commercial Banks). NBFC can intimate within one month. The same firm will not be appointed as SCA for minimum six years after completion of tenure.<\/li>\n<li><strong>Audit Fees and expenses-<\/strong> The audit fees\/expenses will be decided on the basis of recommendations from the board\/LMC. They will take into consideration various factors and submit their recommendations to the competent authority.<\/li>\n<\/ul>\n<h2><strong>Eligibility Criteria for Auditors<\/strong><\/h2>\n<p style=\"text-align: justify;\">An auditor should satisfy following conditions for appointment as a Statutory Central Auditor:-<\/p>\n<ul style=\"text-align: justify;\">\n<li>The notification specifies the number of auditors that should be associated with the firm. The number of FCA\/ACA, the tenure of their association with the firm etc.<\/li>\n<li>It specifies that the number of full time partners that should have CISA\/ISA Qualification.<\/li>\n<li>It also mentions the number of required professional staff i.e. paid assistants and article clerks.<\/li>\n<li>These specifications differ on the basis of Asset Size of the entity.<\/li>\n<li>The auditor should be qualified as an auditor as per provisions of Companies Act,2013<\/li>\n<li id=\"procedure\">Code of conduct as per ICAI should be followed. The audit firm should not be debarred.<\/li>\n<li>Salary of the partner if the firm is appointed for a PSB should be in threshold limits as per C&amp;AG.<\/li>\n<li>The firms with capability of executing CAAT (Computer Assisted Audit Techniques) and GAS (Generalised Audit Software) will be given more preference.<\/li>\n<li>If the firm is appointed for say, three years than it should satisfy eligibility criteria during this entire tenure.<\/li>\n<\/ul>\n<h2><strong>Procedure to Appoint Statutory Central Auditors: RBI<\/strong><\/h2>\n<ul style=\"text-align: justify;\">\n<li>The entity has to shortlist 2 audit firms for appointment as Statutory Central Auditors.<\/li>\n<li>Banking Companies can continue to follow their existing procedure. The existing procedure is to shortlist names and present it to Board\/AMC. The auditor will be selected in consultation with Board\/AMC.<\/li>\n<li>In case of Public Sector Banks, Office of C&amp;AG will give list of empaneled auditors to RBI. Thereafter, RBI will verify the list and publish the list of eligible auditors. The PSBs will then shortlist the auditor and will decide after consultation with their Board\/ACB.<\/li>\n<li id=\"conclusion\">Both PSBs and UCB will take certificate from the selected audit firm. The certificate will be to the effect that the audit firm satisfies the eligibility criteria.<\/li>\n<li>Thereafter, they will send the appointment details to RBI for approval in specified format. The entity should mention its total assets as on 31<sup>st<\/sup> March of the previous year.<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><strong>Conclusion<\/strong><\/h2>\n<p style=\"text-align: justify;\">The above notification lays down the compliances for appointment of Statutory Central Auditors: RBI. RBI is the <a href=\"http:\/\/centralbankofindia.co.in\/\" target=\"_blank\" rel=\"noopener\">central bank of India<\/a>. Therefore, all the announcements, regulations, notifications from RBI are binding on the banks. From above discussion we can conclude that banks have to follow the procedures and ensure eligibility of auditors before appointment. So, this was the article about Guidelines from RBI on appointment of Statutory Central Auditors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBI i.e. Reserve Bank of India is the central bank of India. It has set various rules and regulations so [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":18097,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI Guidelines on Statutory Central Auditors for Banking - CAGMC.com<\/title>\n<meta name=\"description\" content=\"Complete Guide about RBI Guidelines on Statutory Central Auditors for Banking, Applicability, Eligibility Criteria for Auditors, Procedure, etc.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI Guidelines on Statutory Central Auditors for Banking - CAGMC.com\" \/>\n<meta property=\"og:description\" content=\"Complete Guide about RBI Guidelines on Statutory Central Auditors for Banking, Applicability, Eligibility Criteria for Auditors, Procedure, etc.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/\" \/>\n<meta property=\"og:site_name\" content=\"Goyal Mangal &amp; Company\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goyalmangal\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-30T11:41:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-03T06:19:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CA Rohit Goyal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CA Rohit Goyal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/\"},\"author\":{\"name\":\"CA Rohit Goyal\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/5f02def6f9f1b0c01a0b98f175455e46\"},\"headline\":\"RBI Guidelines on Statutory Central Auditors for Banking\",\"datePublished\":\"2021-09-30T11:41:05+00:00\",\"dateModified\":\"2024-06-03T06:19:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/\"},\"wordCount\":1122,\"publisher\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png\",\"articleSection\":[\"Miscellaneous\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/\",\"url\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/\",\"name\":\"RBI Guidelines on Statutory Central Auditors for Banking - CAGMC.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png\",\"datePublished\":\"2021-09-30T11:41:05+00:00\",\"dateModified\":\"2024-06-03T06:19:08+00:00\",\"description\":\"Complete Guide about RBI Guidelines on Statutory Central Auditors for Banking, Applicability, Eligibility Criteria for Auditors, Procedure, etc.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#primaryimage\",\"url\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png\",\"contentUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cagmc.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBI Guidelines on Statutory Central Auditors for Banking\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#website\",\"url\":\"https:\/\/www.cagmc.com\/blog\/\",\"name\":\"Goyal Mangal &amp; Company\",\"description\":\"Best CA Firm in Jaipur\",\"publisher\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cagmc.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\",\"name\":\"Goyal Mangal & Company\",\"url\":\"https:\/\/www.cagmc.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png\",\"contentUrl\":\"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png\",\"width\":673,\"height\":145,\"caption\":\"Goyal Mangal & Company\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/goyalmangal\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/5f02def6f9f1b0c01a0b98f175455e46\",\"name\":\"CA Rohit Goyal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d79e3f7ca50abbe876a91e43f2b7ac00?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d79e3f7ca50abbe876a91e43f2b7ac00?s=96&d=mm&r=g\",\"caption\":\"CA Rohit Goyal\"},\"description\":\"CA Rohit Goyal has experience in multiple spheres including general functions in the field of Auditing, Accounting, and handling Scrutiny Assessments, Taxation Matters along with the specialized functions including Finance, Banking and also handles the field of Stock Audit, Internal Audit and other Various Assignments of Banks.\",\"url\":\"https:\/\/www.cagmc.com\/blog\/author\/rohitgoyal\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RBI Guidelines on Statutory Central Auditors for Banking - CAGMC.com","description":"Complete Guide about RBI Guidelines on Statutory Central Auditors for Banking, Applicability, Eligibility Criteria for Auditors, Procedure, etc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/","og_locale":"en_US","og_type":"article","og_title":"RBI Guidelines on Statutory Central Auditors for Banking - CAGMC.com","og_description":"Complete Guide about RBI Guidelines on Statutory Central Auditors for Banking, Applicability, Eligibility Criteria for Auditors, Procedure, etc.","og_url":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/","og_site_name":"Goyal Mangal &amp; Company","article_publisher":"https:\/\/www.facebook.com\/goyalmangal","article_published_time":"2021-09-30T11:41:05+00:00","article_modified_time":"2024-06-03T06:19:08+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png","type":"image\/png"}],"author":"CA Rohit Goyal","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CA Rohit Goyal","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#article","isPartOf":{"@id":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/"},"author":{"name":"CA Rohit Goyal","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/5f02def6f9f1b0c01a0b98f175455e46"},"headline":"RBI Guidelines on Statutory Central Auditors for Banking","datePublished":"2021-09-30T11:41:05+00:00","dateModified":"2024-06-03T06:19:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/"},"wordCount":1122,"publisher":{"@id":"https:\/\/www.cagmc.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png","articleSection":["Miscellaneous"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/","url":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/","name":"RBI Guidelines on Statutory Central Auditors for Banking - CAGMC.com","isPartOf":{"@id":"https:\/\/www.cagmc.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#primaryimage"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png","datePublished":"2021-09-30T11:41:05+00:00","dateModified":"2024-06-03T06:19:08+00:00","description":"Complete Guide about RBI Guidelines on Statutory Central Auditors for Banking, Applicability, Eligibility Criteria for Auditors, Procedure, etc.","breadcrumb":{"@id":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#primaryimage","url":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png","contentUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2021\/09\/RBI-Guidelines-on-Statutory-Central-Auditors-for-Banking-1.png","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/www.cagmc.com\/blog\/rbi-guidelines-on-statutory-central-auditors-for-banking\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cagmc.com\/blog\/"},{"@type":"ListItem","position":2,"name":"RBI Guidelines on Statutory Central Auditors for Banking"}]},{"@type":"WebSite","@id":"https:\/\/www.cagmc.com\/blog\/#website","url":"https:\/\/www.cagmc.com\/blog\/","name":"Goyal Mangal &amp; Company","description":"Best CA Firm in Jaipur","publisher":{"@id":"https:\/\/www.cagmc.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cagmc.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cagmc.com\/blog\/#organization","name":"Goyal Mangal & Company","url":"https:\/\/www.cagmc.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png","contentUrl":"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png","width":673,"height":145,"caption":"Goyal Mangal & Company"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/goyalmangal"]},{"@type":"Person","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/5f02def6f9f1b0c01a0b98f175455e46","name":"CA Rohit Goyal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d79e3f7ca50abbe876a91e43f2b7ac00?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d79e3f7ca50abbe876a91e43f2b7ac00?s=96&d=mm&r=g","caption":"CA Rohit Goyal"},"description":"CA Rohit Goyal has experience in multiple spheres including general functions in the field of Auditing, Accounting, and handling Scrutiny Assessments, Taxation Matters along with the specialized functions including Finance, Banking and also handles the field of Stock Audit, Internal Audit and other Various Assignments of Banks.","url":"https:\/\/www.cagmc.com\/blog\/author\/rohitgoyal\/"}]}},"_links":{"self":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/18095"}],"collection":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/comments?post=18095"}],"version-history":[{"count":5,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/18095\/revisions"}],"predecessor-version":[{"id":51915,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/18095\/revisions\/51915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/media\/18097"}],"wp:attachment":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/media?parent=18095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/categories?post=18095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/tags?post=18095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}