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What is the tenure of concurrent auditors as per the revised Reserve Bank of India(RBI)’s guidelines on Concurrent Audit System ?
  • a)
    2 Years
  • b)
    7 Years
  • c)
    5 Years
  • d)
    3 Years
  • e)
    None of these
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
What is the tenure of concurrent auditors as per the revised Reserve B...
As per the new guideline of RBI, concurrent auditors will be appointed for a period of not more than 3 years as against earlier tenure of 5 years & the age limit for retired staff of concurrent auditors will be capped at 70 years.
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What is the tenure of concurrent auditors as per the revised Reserve Bank of India(RBI)’s guidelines on Concurrent Audit System ?a)2 Yearsb)7 Yearsc)5 Yearsd)3 Yearse)None of theseCorrect answer is option 'D'. Can you explain this answer?
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