A concurrent auditor was offered a statutory branch audit by the same Public Sector Bank (PSB). They refused the offer due to the conflict of interest. The auditor is now concerned about whether this refusal will affect their chances of receiving audit offers from other PSBs this year. The consensus is that disclosing the reason for refusal should not negatively impact future opportunities.
20 March 2021
I got an offer of statutory branch audit from a PSB in which i am a concurrent Auditor. Hence I refuse the same. Will I get offer from some other PSB in this year?