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Bank Branch Audit 2011

CA Harekrushna B Bhutwala (Partner) (27 Points)

28 January 2011

Dear All,
Is there any news of Bank Branch Audit year 2010-11. In South Gujarat region, Bank of Baroda has started calling confirmations from firms.
No news from other Banks, How many banks have excercised managerial autonomy in appoinment of Bank Branch Auditors this year. As last year 15 Banks excercised and 11 opted for RBI referrals.
Do share news

CA H B Bhutwala

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11 Replies

N Muralidharan (CA Practice ) (67 Points)
Replied 29 January 2011

MANY C.A FIRMS HAVE RECEIVED OFFERS. BUT AS THE OFFER E MAIL FROM THE BANKS ( INCLUDING SATE BANK ) HAS REQUESTED C.A.s TO KEEP THE OFFER AS CONFIDENTIAL AND SECRET AND REQUESTED NOT TO DIVULGE THE SAME TO FELLOW C.A.s. , I FEEL GENUINE INFORMATIONS SHALL NOT BE SHARED IN THIS FORUM. PERHAPS AFTER THE ALLOTMENTS ARE OVER, WE MAY GET SOME INFORMATIONS IN THIS REGARD

Advisor (Advisory) (107 Points)
Replied 31 January 2011

Audit allottment process is going on in all the banks.

MANOJ DEVIDAS SAMPAT (c.a) (147 Points)
Replied 13 February 2011

WHEN YOU REC EMAIL FROM SBI DATE AND EMAILID IF YOU PROVIDE I AM ALSO AUDITOR FOR SBI

N Muralidharan (CA Practice ) (67 Points)
Replied 13 February 2011

DEAR SIR,

I AM NOT AN AUDITOR OF SBI. I HAVE NOT RECEIVED ANY EMAIL FROM SBI. I JUST STATED WHAT EVER I HEARD FROM GENUINE SOURCES.

YOU ARE REALLY LUCKY TO GET STATE BANK IN WHICH EVEN THE SMALLEST BRANCH HAS ADVANCES FIGURE EXCEEDING RS. 10 CRORES

atrinandan angle (CHARTERED ACCOUNTANT) (114 Points)
Replied 28 February 2011

bank of india has issued allotment letter of branches in goa last wee.

Originally posted by : CA Harekrushna B Bhutwala

Dear All,
Is there any news of Bank Branch Audit year 2010-11. In South Gujarat region, Bank of Baroda has started calling confirmations from firms.
No news from other Banks, How many banks have excercised managerial autonomy in appoinment of Bank Branch Auditors this year. As last year 15 Banks excercised and 11 opted for RBI referrals.
Do share news

CA H B Bhutwala

1 Like

B.Prabhakaran (Chartered accountant) (163 Points)
Replied 03 March 2011

Originally posted by : atrinandan angle

bank of india has issued allotment letter of branches in goa last wee.

Originally posted by : CA Harekrushna B Bhutwala

Dear All,
Is there any news of Bank Branch Audit year 2010-11. In South Gujarat region, Bank of Baroda has started calling confirmations from firms.
No news from other Banks, How many banks have excercised managerial autonomy in appoinment of Bank Branch Auditors this year. As last year 15 Banks excercised and 11 opted for RBI referrals.
Do share news

CA H B Bhutwala

RBI PUBLISHED LIST OF BANK BRANCH AUDITORS -2011

rbi.org.in/scriptts/bs_viewcontent.aspx?id=1965

B.Prabhakaran (Chartered accountant) (163 Points)
Replied 03 March 2011

RBI PUBLISHED LIST OF BANK BRANCH AUDITORS FOR 2010-11

rbi.org.in/scriptts/bs_viewcontents.aspx?id=1965

CA. Bhabani , FCA, DISA, DIRM (Chartered Accountant) (205 Points)
Replied 07 March 2011

I have received appointment letter from Indian Overseas bank. Allotted three branches.

Ranjan (Partner) (25 Points)
Replied 09 March 2011

We were in the panel of Central Bank and completed 5 years in last year and not received any call from any of the bank .

CA. Ranjan Baheti

Bhopal

atrinandan angle (CHARTERED ACCOUNTANT) (114 Points)
Replied 10 March 2011

any body received canara bank branch allotment?

Padmini (Proprietor ) (22 Points)
Replied 21 March 2011

I am on the RBI panel for last two years , but not received any allottment . In my opnion the new firms should be given priorty over the older ones while allocation . It is true that experience counts , but if a person is not given any opportunity how will he/she gain experience.

Though there are set guidelines for allocation i find there some firms who are regularly getting audits without any break .