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Bank branch audit transparency

Amit Agrawal (Chartered Accountant) (75 Points)

20 May 2016

Whether the current system of Bank Branch Audit allotment by PSB is transparent.

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3 Replies

Milind M. Kulkarni (Practicing CA) (583 Points)
Replied 21 May 2016

PSB's obviously claim the current system to be transparent; however, there are several eligible CA's and CA firms that do not get allotment of bank audits. So, it is natural to have such a question in mind.

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Suresh (Learning) (155 Points)
Replied 22 May 2016

One CA should be alloted only One Branch. There are many instances where 3-4 branches are being alloted to Proprietorship Concerns having no paid assistants. Every CA should be given equal opportunity, especially the young Chartered Accountants who are tech savy.

Amit Agrawal (Chartered Accountant) (75 Points)
Replied 31 May 2016

If you are not satisfied with the transparency I am planning to put a representation with Our Institute . But this requires continuous support and united efforts of our members. Target of getting at least 500 members who are aggrieved. Pls tell them to contact me on 9404523939