Announcement For the Attention of the Members - Guidance Note on Audit of Banks.

This is to bring to your kind notice that the Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has decided to continue with the 2009 edition of the Guidance Note on Audit of Banks for the financial year ended March 31, 2010.

Accordingly, 2009 edition of the Guidance Note on Audit of Banks would be relevant for the banks audits conducted on or after March 31, 2010.

Additional implementation Guidance on any relevant aspects of bank audits for the year ended March 31, 2010, if necessary, will be hosted at the website of the Institute. Members are, therefore, requested to keep a watch at the website of the Institute for further necessary guidance.