close Change the way you learn with CCI Online Coaching   view more
Home > Poll > Comments on : Should bank auditor be appointed by RBI?


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Should bank auditor be appointed by RBI?

Yes 86 %
No 13 %
Can't say 1 %
Total Votes Cast  1977
Submitted By : Admin

Read Comments


Comments on !!!

Should bank auditor be appointed by RBI?



Jitendra

Jitendra

Wrote on 03 November 2012  



D R P

D R P

Wrote on 03 November 2012  

YES



Sarat Kumar Sahoo

Sarat Kumar Sahoo

Wrote on 03 November 2012  

Of course RBI



Bikash nayak

Bikash nayak

Wrote on 03 November 2012  

yes



Rajnish Kumar Jha

Rajnish Kumar Jha

Wrote on 03 November 2012  



Giya

Giya

Wrote on 03 November 2012  



Vikas Dighe

Vikas Dighe

Wrote on 03 November 2012  



Shantanu Kumar

Shantanu Kumar

Wrote on 03 November 2012  

yes rbi should bank auditor appointed.



SACHIN LUNKER

SACHIN LUNKER

Wrote on 03 November 2012  



Mayur J. Raiyani

Mayur J. Raiyani

Wrote on 03 November 2012  

It will hit the true object of Audit



MADHUKANT BHARADIYA

MADHUKANT BHARADIYA

Wrote on 03 November 2012  



Rakesh

Rakesh

Wrote on 03 November 2012  

yes bank auditor appointed by RBI



CA Mehta Ankur N.

CA Mehta Ankur N.

Wrote on 02 November 2012  

RBI have many imp work to do...



chandu

chandu

Wrote on 02 November 2012  



PRAVEEN KUMAR

PRAVEEN KUMAR

Wrote on 02 November 2012  

yes



RUPESH GUJRATI

RUPESH GUJRATI

Wrote on 02 November 2012  



CMA Hiren

CMA Hiren

Wrote on 02 November 2012  



CA Mamata Mathkar

CA Mamata Mathkar

Wrote on 02 November 2012  

yes



nidhi

nidhi

Wrote on 02 November 2012  

yes i think the auditor at the bank should b appointed by the RBI only..



vijayaggarwal

vijayaggarwal

Wrote on 02 November 2012  



vivek

vivek

Wrote on 02 November 2012  

YES IF RBI APPOINT THEN REDUCTION IN CURRUPTION



Dhananjay Mishra

Dhananjay Mishra

Wrote on 02 November 2012  



M.Vishwanath

M.Vishwanath

Wrote on 01 November 2012  



Prateek Tiwari

Prateek Tiwari

Wrote on 01 November 2012  



manash ranjan nayak

manash ranjan nayak

Wrote on 01 November 2012  



touseef ahmad khanday

touseef ahmad khanday

Wrote on 01 November 2012  



sakshit Singh

sakshit Singh

Wrote on 01 November 2012  

It will create independence



Parikshit Turner

Parikshit Turner

Wrote on 01 November 2012  

yes



Parikshit Turner

Parikshit Turner

Wrote on 01 November 2012  

yes



AJAY KUMAR GUPTA

AJAY KUMAR GUPTA

Wrote on 31 October 2012  



PANKAJ MOHTA

PANKAJ MOHTA

Wrote on 31 October 2012  

yes



kundan kumar

kundan kumar

Wrote on 31 October 2012  

yes bank auditor should be appointed by RBI



N.venkatesh

N.venkatesh

Wrote on 31 October 2012  

Yes



chandni

chandni

Wrote on 31 October 2012  



Nemiraj Gathani

Nemiraj Gathani

Wrote on 31 October 2012  



siva teja

siva teja

Wrote on 31 October 2012  



Amit Agarwal

Amit Agarwal

Wrote on 31 October 2012  

For better transperency in banki sector itshould be appointd by RBI. Amit Agrwal



VARSHA BOTHRA

VARSHA BOTHRA

Wrote on 30 October 2012  



prasanna

prasanna

Wrote on 30 October 2012  

No it should not be by RBI



siva

siva

Wrote on 30 October 2012  



anil kumar

anil kumar

Wrote on 30 October 2012  



PRANAV BOTHRA

PRANAV BOTHRA

Wrote on 30 October 2012  



Sameer Batra Gurgaon

Sameer Batra Gurgaon

Wrote on 30 October 2012  



CA Harekrushna B Bhutwala

CA Harekrushna B Bhutwala

Wrote on 30 October 2012  

for the sake of independence, Auditors shall be appinted by RBI.



ANILKUMAR

ANILKUMAR

Wrote on 30 October 2012  



Vikesh Agrawal

Vikesh Agrawal

Wrote on 30 October 2012  

To retain the independence



vanisri

vanisri

Wrote on 29 October 2012  



vanisri

vanisri

Wrote on 29 October 2012  



Hemanth kumar

Hemanth kumar

Wrote on 29 October 2012  



javad

javad

Wrote on 29 October 2012  

Right of appointment of a Bank Auditor for Auditor General or Controller of India



BHANU

BHANU

Wrote on 29 October 2012  



Madhuri Verma

Madhuri Verma

Wrote on 29 October 2012  



Anshul Mittal

Anshul Mittal

Wrote on 29 October 2012  

Bank follows rules led by RBI so RBI Should appoint auditors to check them too...



Bhargav Nathwani

Bhargav Nathwani

Wrote on 28 October 2012  

yes



Vishwakarma Bhagat

Vishwakarma Bhagat

Wrote on 28 October 2012  

It will lead to quality audit.



Ankit Goyal

Ankit Goyal

Wrote on 28 October 2012  

yes



Ankit Goyal

Ankit Goyal

Wrote on 28 October 2012  

yes



pooja acharya

pooja acharya

Wrote on 27 October 2012  

YES



Mahendra Choudhary

Mahendra Choudhary

Wrote on 27 October 2012  

Yes



Mahendra Choudhary

Mahendra Choudhary

Wrote on 27 October 2012  

Yes



Sanjeev Parasrampuria

Sanjeev Parasrampuria

Wrote on 27 October 2012  

Yes



Raman

Raman

Wrote on 27 October 2012  

If banks is given the power to appoints his own auditor then it will not be a public bank it will be a profit making bank



abhishek goyal

abhishek goyal

Wrote on 27 October 2012  



MOHAMMAD SALIM

MOHAMMAD SALIM

Wrote on 26 October 2012  

RBI appointment ensures independence of audit profession.



PRIYA BRATA SAHOO

PRIYA BRATA SAHOO

Wrote on 26 October 2012  

yes



pramod  suthar

pramod suthar

Wrote on 26 October 2012  

yes RBI will be auditing by ICAI ACT



SUDIPTA SOM

SUDIPTA SOM

Wrote on 26 October 2012  



SUDIPTA SOM

SUDIPTA SOM

Wrote on 26 October 2012  



CA. Rajesh P. Ahir

CA. Rajesh P. Ahir

Wrote on 26 October 2012  

yes



shruti

shruti

Wrote on 26 October 2012  

Yes..



CA Amit Jaiswal

CA Amit Jaiswal

Wrote on 26 October 2012  



suman bheemanathini

suman bheemanathini

Wrote on 26 October 2012  

yes RBI appointed Bank Auditors



parulgoyal

parulgoyal

Wrote on 26 October 2012  

yes they should be appointed by RBI



nishant

nishant

Wrote on 26 October 2012  

bank auditor be appointed by RBI? Read more at: http://www.caclubindia.com/poll/poll_update.asp#.UIpp0mffSnA



CA Amit Jaiswal

CA Amit Jaiswal

Wrote on 26 October 2012  



CA Amit Jaiswal

CA Amit Jaiswal

Wrote on 26 October 2012  



harsh khandelwal

harsh khandelwal

Wrote on 26 October 2012  

yes,



Shubham Agarwal

Shubham Agarwal

Wrote on 26 October 2012  

RBI appoint auditor independenty and true and fair views are give more.



Vinod U Bohra

Vinod U Bohra

Wrote on 26 October 2012  

nnnnnn



Kusum Potai

Kusum Potai

Wrote on 26 October 2012  



akhilesh gupta

akhilesh gupta

Wrote on 26 October 2012  



CA Roshan Jha

CA Roshan Jha

Wrote on 26 October 2012  

Yes



vishal vyas

vishal vyas

Wrote on 26 October 2012  



Mounil Shah

Mounil Shah

Wrote on 25 October 2012  



Puratchirajan.K

Puratchirajan.K

Wrote on 25 October 2012  

Its better



Nagaraju

Nagaraju

Wrote on 25 October 2012  



CA Anurag Sulodia

CA Anurag Sulodia

Wrote on 25 October 2012  

yes



ARVIND MISHRA

ARVIND MISHRA

Wrote on 25 October 2012  

yes



Nafis saiyad

Nafis saiyad

Wrote on 24 October 2012  



Satyavolu SIVA SRAVAN

Satyavolu SIVA SRAVAN

Wrote on 24 October 2012  

yes



Vicky

Vicky

Wrote on 24 October 2012  



jitheshkumar

jitheshkumar

Wrote on 24 October 2012  



Suraj Choudhary

Suraj Choudhary

Wrote on 23 October 2012  



vinod navare

vinod navare

Wrote on 23 October 2012  

For real transparency RBI should appoint Bank auditor.



SHIV PRAKASH SHARMA

SHIV PRAKASH SHARMA

Wrote on 23 October 2012  

its must do that..!!!



KISHORE SWAMI

KISHORE SWAMI

Wrote on 23 October 2012  

to provide a batter firm to batter audit



yuvraj kathuria

yuvraj kathuria

Wrote on 23 October 2012  



Ravi Y H

Ravi Y H

Wrote on 23 October 2012  

YEs



Nitesh

Nitesh

Wrote on 23 October 2012  



Preeti Agarwal

Preeti Agarwal

Wrote on 22 October 2012  

yes, being regulator of banks



Manjunatha M K

Manjunatha M K

Wrote on 22 October 2012  



Prabin

Prabin

Wrote on 22 October 2012  



monika

monika

Wrote on 22 October 2012  

yes.. RBI is the regulatory authority.. so appointment of bank auditor should be done by RBI to maintain the independence of the auditors



Narasimha

Narasimha

Wrote on 22 October 2012  



Kusum Potai

Kusum Potai

Wrote on 22 October 2012  



Amol

Amol

Wrote on 22 October 2012  



abhishek

abhishek

Wrote on 22 October 2012  

yes



Deepak Kumar

Deepak Kumar

Wrote on 22 October 2012  

yes



soubhagya

soubhagya

Wrote on 21 October 2012  



kartik Goenka

kartik Goenka

Wrote on 21 October 2012  



CA Priya

CA Priya

Wrote on 21 October 2012  

Bank audit is always prone to all gifts adjustments and compromises....... So there is no second thought in this.......



Gagan Preet

Gagan Preet

Wrote on 21 October 2012  



Lakshmi Narayana

Lakshmi Narayana

Wrote on 20 October 2012  



Hitesh Kaila

Hitesh Kaila

Wrote on 20 October 2012  

WHO EVER APPOINTS DOESN'T MATTER....AS TRUE AND FAIR VIEW CONCEPT IS BEST FOUND ONLY IN BOOKS.....



Divya Goud

Divya Goud

Wrote on 20 October 2012  

Yes. Because it reduces the scope for fraud.



Laxmi

Laxmi

Wrote on 20 October 2012  

YES



Amit Kumar     (Amicus Curiae)

Amit Kumar (Amicus Curiae)

Wrote on 19 October 2012  

yes



venugopal

venugopal

Wrote on 19 October 2012  



sandesh

sandesh

Wrote on 19 October 2012  

Plz provide all information you have in relation to Bank Realisation Certificate . How to maintain file in all data base while doing this work.



Purvi

Purvi

Wrote on 19 October 2012  



Purvi

Purvi

Wrote on 19 October 2012  



Jay Sata

Jay Sata

Wrote on 19 October 2012  

It will improve the quelity of bank audit also



Viraj Jadye

Viraj Jadye

Wrote on 19 October 2012  



VIKAS SRIVASTAVA

VIKAS SRIVASTAVA

Wrote on 19 October 2012  

Yes, RBI appointed auditors shall have more scope n independence what are pre-requisites of an statutory audit.



VIKAS SRIVASTAVA

VIKAS SRIVASTAVA

Wrote on 19 October 2012  

Yes, RBI appointed auditors shall have more scope n independence what are pre-requisites of an statutory audit.



DIPESH VASA Helping Hand!!!!!

DIPESH VASA Helping Hand!!!!!

Wrote on 19 October 2012  



Gangavarapu Abhilash

Gangavarapu Abhilash

Wrote on 19 October 2012  



umesh

umesh

Wrote on 19 October 2012  

Yes,RBI appointed by Bank auditors in case of all nationalized banks



sakshi

sakshi

Wrote on 18 October 2012  

no



Anand Kumar Singh

Anand Kumar Singh

Wrote on 18 October 2012  

yes



Nitesh

Nitesh

Wrote on 18 October 2012  

Yes....it will improve Audit Report..



Gireesh Hegde

Gireesh Hegde

Wrote on 18 October 2012  

yes



VIVEK KHANDELWAL

VIVEK KHANDELWAL

Wrote on 18 October 2012  

The same is possible if a prescribed threshold is discussed and laid down for effective implementation.



VIVEK KHANDELWAL

VIVEK KHANDELWAL

Wrote on 18 October 2012  



MURALIKRISHNA

MURALIKRISHNA

Wrote on 18 October 2012  

auditors can act independently



BHAVESH RAJPAL

BHAVESH RAJPAL

Wrote on 17 October 2012  

Yes bcoz of Integrity of RBI & due 2 many other reasons..........



himanshu

himanshu

Wrote on 17 October 2012  

yes



nitin verma

nitin verma

Wrote on 17 October 2012  



RUPESH CHOUDHURY

RUPESH CHOUDHURY

Wrote on 17 October 2012  

For the time being only PSU Banks' auditors are appointed by RBI.I think only RBI should appoint the auditors in case of other banks also..



Vinay

Vinay

Wrote on 17 October 2012  



KANAIYO SHAH

KANAIYO SHAH

Wrote on 17 October 2012  



RAVI KUMAR GOYAL

RAVI KUMAR GOYAL

Wrote on 17 October 2012  



varsha punjabi

varsha punjabi

Wrote on 17 October 2012  

ya i think so



NITIN SHARMA

NITIN SHARMA

Wrote on 17 October 2012  

YES



jacky

jacky

Wrote on 16 October 2012  

Yesi think it should be appointed by rbi



Ajay Mahendru

Ajay Mahendru

Wrote on 16 October 2012  

Yes



CA. Subhash Dangi

CA. Subhash Dangi

Wrote on 16 October 2012  



Nrup Bam

Nrup Bam

Wrote on 16 October 2012  



Hemant Kumar

Hemant Kumar

Wrote on 16 October 2012  

No



Abhinav Bansal

Abhinav Bansal

Wrote on 16 October 2012  



Harshal

Harshal

Wrote on 16 October 2012  

Never allow this. Its very odd...



ketan sethi

ketan sethi

Wrote on 16 October 2012  

yes



CA Sukhjit Khanna

CA Sukhjit Khanna

Wrote on 16 October 2012  

Yes for transparency it should be done by RBI.



S.A.BADAMIKAR

S.A.BADAMIKAR

Wrote on 16 October 2012  



anil kalia

anil kalia

Wrote on 16 October 2012  

To ensure independence of auditors in public sector, the procedure of appointment needs to be independent of the involvement of the management



devender pareek

devender pareek

Wrote on 15 October 2012  

yes auditor for bank should be appointed by RBI by application of auditor"s



Gaurav Aggarwal

Gaurav Aggarwal

Wrote on 15 October 2012  



CA.Vinita Gupta

CA.Vinita Gupta

Wrote on 15 October 2012  



Chirag

Chirag

Wrote on 15 October 2012  

yes



CA. Rajesh P. Ahir

CA. Rajesh P. Ahir

Wrote on 15 October 2012  

This will bring in the Independence of Auditors.



Nikunj

Nikunj

Wrote on 15 October 2012  

YES



Gia Roz

Gia Roz

Wrote on 15 October 2012  

yes



KISHORE SWAMI

KISHORE SWAMI

Wrote on 15 October 2012  



PEDDINENI NARESH

PEDDINENI NARESH

Wrote on 15 October 2012  



CA GOPAL AGARWAL

CA GOPAL AGARWAL

Wrote on 15 October 2012  

yes



Tanveer Md Masood

Tanveer Md Masood

Wrote on 15 October 2012  

APPOINTMENT OF BANK AUDITOR BY THE RBI WOULD AMOUNT TO BURDENING MORE DUTIES AND RESPONSIBILITIES ON THE CENTRAL BANK GIVEN THE FACT THAT ITS ALREADY UNDER HUGE PRESSURE OF CHALKING OUT FISCAL AND MONETARY POLICIES FOR THE GOVERNMENT, ISSUE OF NOTES AND CURRENIES, REGULATING INTERNATIONAL TRADE AND ISSUE OF FOREIGN EXCHANGE. THOUGH IT CANNOT BE DENIED THAT APPOINTMENT OF BANK AUDITOR BY RBI WOULD BRING IN MORE TRANSPARENCY AND ACCOUNTABILITY IN THE WORKING AND DUTIES OF AUDITOR WHICH WOULD REFLECT IN THE ACCURATE AND TRUE AND FAIR VIEW OF BANKS ANNUAL REPORT AND FINACIAL RESULTS.



Tanveer Md Masood

Tanveer Md Masood

Wrote on 15 October 2012  

APPOINTMENT OF BANK AUDITOR BY THE RBI WOULD AMOUNT TO BURDENING MORE DUTIES AND RESPONSIBILITIES ON THE CENTRAL BANK GIVEN THE FACT THAT ITS ALREADY UNDER HUGE PRESSURE OF CHALKING OUT FISCAL AND MONETARY POLICIES FOR THE GOVERNMENT, ISSUE OF NOTES AND CURRENIES, REGULATING INTERNATIONAL TRADE AND ISSUE OF FOREIGN EXCHANGE. THOUGH IT CANNOT BE DENIED THAT APPOINTMENT OF BANK AUDITOR BY RBI WOULD BRING IN MORE TRANSPARENCY AND ACCOUNTABILITY IN THE WORKING AND DUTIES OF AUDITOR WHICH WOULD REFLECT IN THE ACCURATE AND TRUE AND FAIR VIEW OF BANKS ANNUAL REPORT AND FINACIAL RESULTS.



Tanveer Md Masood

Tanveer Md Masood

Wrote on 15 October 2012  

APPOINTMENT OF BANK AUDITOR BY THE RBI WOULD AMOUNT TO BURDENING MORE DUTIES AND RESPONSIBILITIES ON THE CENTRAL BANK GIVEN THE FACT THAT ITS ALREADY UNDER HUGE PRESSURE OF CHALKING OUT FISCAL AND MONETARY POLICIES FOR THE GOVERNMENT, ISSUE OF NOTES AND CURRENIES, REGULATING INTERNATIONAL TRADE AND ISSUE OF FOREIGN EXCHANGE. THOUGH IT CANNOT BE DENIED THAT APPOINTMENT OF BANK AUDITOR BY RBI WOULD BRING IN MORE TRANSPARENCY AND ACCOUNTABILITY IN THE WORKING AND DUTIES OF AUDITOR WHICH WOULD REFLECT IN THE ACCURATE AND TRUE AND FAIR VIEW OF BANKS ANNUAL REPORT AND FINACIAL RESULTS.



CA Dhiraj Ramchandani

CA Dhiraj Ramchandani

Wrote on 15 October 2012  

I wont agree to it, being an auditor..



MANOJ K. GUPTA

MANOJ K. GUPTA

Wrote on 15 October 2012  

yes



TusharSampatM.Com CA,CS-FINAL

TusharSampatM.Com CA,CS-FINAL

Wrote on 15 October 2012  

WHO EVER APPOINTS DOESNT MATTER....AS TRUE AND FAIR VIEW CONCEPT IS BEST FOUND ONLY IN BOOKS.....



Mukesh Pareek

Mukesh Pareek

Wrote on 15 October 2012  



S.Nirmal Singh

S.Nirmal Singh

Wrote on 15 October 2012  



Anushree

Anushree

Wrote on 15 October 2012  

yes i believe bank auditors should be appointed by RBI



jay b shah

jay b shah

Wrote on 15 October 2012  



Dharm vir sharma

Dharm vir sharma

Wrote on 15 October 2012  



hariprasad.c.v.

hariprasad.c.v.

Wrote on 14 October 2012  

RBI MUST MONITOR THE PROCESS...........



CA ANAND V KAKU

CA ANAND V KAKU

Wrote on 14 October 2012  



Bhavnesh Dhirajlal Parikh

Bhavnesh Dhirajlal Parikh

Wrote on 14 October 2012  

Yes



Bhavnesh Dhirajlal Parikh

Bhavnesh Dhirajlal Parikh

Wrote on 14 October 2012  

Yes



lakshmi

lakshmi

Wrote on 14 October 2012  

income from that cud be tax free atleast



JIJO GEORGE

JIJO GEORGE

Wrote on 13 October 2012  



MAYURA

MAYURA

Wrote on 13 October 2012  

YA ITS RIGHT



niyasuddin

niyasuddin

Wrote on 13 October 2012  



RAJNEEL SARKAR

RAJNEEL SARKAR

Wrote on 13 October 2012  

100% BECAUSE THE BOSS HAVE RIGHTS TO AUDIT



Deepak Bhagtani

Deepak Bhagtani

Wrote on 13 October 2012  

To Bring More Transparency in the Banking Sector......!!!!



Deepak Bhagtani

Deepak Bhagtani

Wrote on 13 October 2012  

To Bring More Transparency in the Banking Sector......!!!!



jitendra parashar

jitendra parashar

Wrote on 13 October 2012  



Ramkumar Parthasarathy

Ramkumar Parthasarathy

Wrote on 13 October 2012  

As per banking regulation act, auditors should be appoint by RBI. Then only it will effective way of interlinking the Corporate to Auditors.



T S D

T S D

Wrote on 13 October 2012  

ATLEAST THE AUDIT REPORT SHOULD TO REVIEWED BY RBI. BOTH THE BANK'S AND AUDITOR'S PERFORMANCE SHOULD BE APPRAISED. FURTHER APPOINTMENTS SHOULD BE BASED ON THE PERFORMANCE OF THE AUDITOR. A WAY TO IMPROVE THE PERFORMANCE OF BANKS AND AUDITORS.




R.SURESH SHRINIVASAN

R.SURESH SHRINIVASAN

Wrote on 03 November 2012  

YES. CONTROL SHOULD BE WITH RBI

You need to be logged in to post comment



Submit



Quick Links







Recent Forum Messages :