ICAI Fixes Per Member limit on concurrent audit of banks

The Council of ICAI decided to fix limit on concurrent audit of banks at 4 audits per member per year.  Cooperative banks and RRBs were exempted from the limit.  The above limit will come into
effect from 1.1.2016. These limits are carefully kept to enable members to devote more time thereby improving the quality of work.

CA. SATISH NEMANI, FCA, ACS