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Statutory Audit of Co-operative Banks for the year 2007-08
The Criteria for selection of CA Firms for conducting Statutory Audit of the Central Cooperative Banks (CCBs) for the year 2007-08, as received from NABARD:
The CA firms figuring in the list provided by ICAI is considered for the purpose of statutory audit of Coop. banks. Firms in category I, II and III are preferred in that order. The CA firms for statutory audit of a particular Bank necessarily are taken from outside the district in which that bank is operating. The selection of the firms is based on the number of CAs and the audit staff/ article clerks available with the firm, their overall experience of audit in general and of bank audit in particular. The final selection of Panel is based upon the combination of all these factors.

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