The Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI), under the authority of its Council, has issued the Guidance Note on Audit of Banks (2026 Edition) on 16th March 2026. This annual publication serves as a comprehensive reference for auditors engaged in the statutory audit of banks and bank branches, offering updated guidance in line with evolving regulatory and reporting requirements.
The 2026 edition is structured to provide both conceptual clarity and practical support. It includes the core text of the Guidance Note along with appendices dedicated to statutory central audits and bank branch audits. In addition, the publication consolidates relevant regulatory materials issued by the Reserve Bank of India (RBI), including Master Circulars, Master Directions, Notifications, FAQs, and General Circulars, along with their respective lists for ease of reference.
By integrating authoritative guidance with key regulatory pronouncements, the updated Guidance Note aims to assist auditors in effectively navigating the complexities of bank audits and ensuring compliance with applicable standards and regulatory expectations.
Click here to access the guidance note
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