ICAI Releases Draft Panel for Appointment of Statutory Auditors for State and Central Co-operative Banks for FY 2025-26

The Institute of Chartered Accountants of India (ICAI) has released a draft panel for the appointment of statutory auditors for State and Central Co-operative Banks for the financial year 2025-26. This move aims to streamline the process of auditor selection, ensuring transparency and adherence to regulatory guidelines. The draft panel will allow eligible chartered accountant firms to apply for empanelment, facilitating the audit of these financial institutions. This initiative is crucial for maintaining financial discipline and governance within the cooperative banking sector, providing a standardized and transparent framework for auditor appointments.