ICAI issues Exposure Draft of Guidance Note on Audit of Banks (2025 Edition)

The Institute of Chartered Accountants of India (ICAI) has issued an Exposure Draft for the 2025 edition of the Guidance Note on Audit of Banks. This comprehensive guide is designed to assist auditors in conducting statutory audits of banks and their branches, with sections dedicated to Statutory Central Audit and Bank Branch Audit. Stakeholders are invited to share their comments on the draft by 5th February 2025.

Auditing and Assurance Standards Board
The Institute of Chartered Accountants of India
22nd January, 2025

Exposure Draft of Guidance Note on Audit of Banks (2025 Edition)

The Auditing and Assurance Standards Board (AASB) of ICAI under the authority of the Council of ICAI brings out the revised edition of “Guidance Note on Audit of Banks” every year to provide detailed guidance to auditors on statutory audit of banks and bank branches. AASB is in the process of bringing out the Guidance Note on Audit of Banks (2025 Edition).

In this regard, AASB has issued the Exposure Draft of the Guidance Note on Audit of Banks (2025 Edition) for public comments. The Exposure Draft is available at the link: https://resource.cdn.icai.org/84176aasb67871.pdf

Invitation to comment

AASB invites comments from various stakeholders on the Exposure Draft.

How to submit Comments

Comments on the Exposure Draft may be submitted through any of the following modes.

1. Email:	aasb[at]icai[dot]in
2. Postal:	Secretary, Auditing and Assurance Standards Board The Institute of Chartered Accountants of India ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi- 110002

Last date for submitting comments on the Exposure Draft is 05th February 2025.