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Satutory Branch Auditors recommended for appointment in Public Sector Bank 07-08

Information relating to allocation of auditors/audit firms to various public sector banks for the year 2007-08 is hosted on the web-site of RBI. While forwarding names of audit firms, banks are advised that not more than three branches may be allotted per audit firm and that they should endeavour to give assignments to all the auditors to the extent possible. It may be noted that it may not be necessary that all the audit firms whose names are forwarded/ recommended by RBI to various banks are allotted branch audit by the respective banks, as sufficiently higher number of audit firms are forwarded to banks in order to enable them to allot audit assignments as per their logistic requirements. It also often happens that some of the audit firms whose names are forwarded are either not allotted any audit assignment or are allotted assignment by some other bank, after their names are returned back to RBI due to association/internal assignment, etc. and re-allotted to some other bank.”

The information relating to the names of branches allotted to these audit firms will be published on the web-site, only after receipt of the information from the respective banks. Banks have been advised to furnish the information regarding allocation of branches latest by May 31, 2008.

To download the list click on the link below

http://www.caclubindia.com/share_files/files_display.asp?files_id=5473

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