Case Brief
RBI invoked its enforcement action framework for statutory auditors of commercial banks and found lapses in a statutory audit assignment carried out by M/s S.R.Batliboi & Co. LLP, Chartered Accountants. Consequently, RBI decided not to approve the firm for statutory audit assignments in commercial banks for one year beginning April 1, 2019. The decision was also communicated to the Institute of Chartered Accountants of India.
Action Snapshot
- Primary Impact
- Directive prohibition
- Entity Type
- Other
- Action Type
- Directive prohibition
- Order Date