Bank statutory audit 2011-12

Stat Audit 8082 views 36 replies
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chartered accountant
56 Points Joined December 2009
any update on allotment status.
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On 13 March 2012 at 20:17 Report
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chartered accountant
56 Points Joined December 2009
any update on allotment status.
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On 13 March 2012 at 20:17
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Chartered Accountant
23 Points Joined January 2008

any update on allotment status

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On 13 March 2012 at 23:18
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Chartered Accountant
5572 Points Joined June 2010
Originally posted by : Vikrant Bansal

any new update???

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On 14 March 2012 at 08:26
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Chartered Accountant
35 Points Joined September 2008
by a reliable source from Zonal Office of a Bank that their HO has called them to prepare list of branches above Rs 20 Crores in advances for the purpose of audit.
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On 14 March 2012 at 11:03
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PROPRIETOR
32 Points Joined November 2011
Anyone update the status
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On 16 March 2012 at 14:31
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chartered accountant
655 Points Joined March 2009

bank audit limit raised up to 20cr. advances.

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On 19 March 2012 at 20:39
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PROPRIETOR
32 Points Joined November 2011

what about allotment status

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On 19 March 2012 at 21:06
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Asst.Mgr.
164 Points Joined July 2009

 

Respected Member
NAMASKAR
 
Through this mail, I request you to come forward and meet to your Area Member of Parliamernt and conyey the issue of bank audit with them and request to raise this matter before the HOUSE.
 
Now we are in the position of do and die because
 
1. Limit of Tax Audit Increase from 60 lacs to 1 crore, pl. analysis himself due to this effect what we loss?
2. At present a suspence is maintained in Bank Statutory Audit. no Council member give proper information if they can send mail HOLI, DIWALI & NEW YEAR, THEN Why they can not sharing information about latest position of Bank Audit.
3. Increase rate of service Tax from 10% to 12%, as per my knowledge no action has been taken on this matter, MATTER TO COLD BED.
4. Member of ICWA(ICMA) demand permission to do Tax Audit equivalent to CA Fraternity. AAJ NAHI TO KAL WE ALSO LOOSE THIS ISSUE, if our leaders is not handled this matter proper and strongly.
5. We already shared name of ICAI with the members of ICWA(ICMA), what action taken by our leader in this matter?
6  We are not dependonly  on bank audit but why we lose Bank audit?. Why all events happened on CA Fraternity?
So join the hand and show our unity.
 
With warm regard
CA. VINAY MITTAL, FCA
34 NAVYUG MARKET, 2ND. FLOOR
GHAZIABAD-201001
MBL 0991691575
 

 

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On 21 March 2012 at 19:47
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chartered accountant
655 Points Joined March 2009

Dear friends,

just now i got a message which reads as " Dear member,matter of bank branch audit is moving in right direction. outcome expected by tomorrow and shall keep updated.......CA.JAYDEEP SHAH,PRESIDENT ICAI.

 

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On 21 March 2012 at 20:01
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Asst.Mgr.
164 Points Joined July 2009

Any update ? Either 'Yes' or ' No ' . 

 

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On 22 March 2012 at 11:03
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Proprietor
49 Points Joined December 2007

hi all

any update on bank audit for the year 2011-12.

I heared from PNB officials that limit has been extended to 20 cr. advance.

Means small category firm will not get any bank branch audit.

But not getting any news from (our) Institute? what happen to ICAI?

 

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On 22 March 2012 at 20:10
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Asst.Mgr.
164 Points Joined July 2009

Bank Br. with Advances above 6 Cr will be subject to Statutory Audit. Bank Br. having advances less than Rs 6 Cr will be audited once every 3Yrs.

CA Prasun Kr Bhattacharyya Chairman,EIRC
Sent on my BlackBerry® from Vodafone

--
CA Ranjeet Kumar Agarwal
Vice-Chairman,EIRC (2012-13)
4th Floor,4,Ballav Das Street,R.N-418,
Kolkata- 700 007 ;Ph: 033 2270 8925/ 2273 0164,+91 98301 40211

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On 22 March 2012 at 20:19
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CHARTERED ACCOUNTANT
4458 Points Joined November 2008
Just announed ina EIRC program that bank audit of brances above 6 crores approved by FM
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On 22 March 2012 at 20:21
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Partner
29 Points Joined August 2009

Great News :

As per reliable source there shall be 100% Audit for 6 crore + Advance Branches and One Third Branches shall be audited for less than 6 Crore . The same have been confirmed by many council Members..

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On 22 March 2012 at 20:35
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Partner
28 Points Joined March 2012

i think still the bank  audit  mess is not clear .  Our Institute President  Mr jaydeep Bhai shah has just  flaashed the email like this

Dear Member,

It has been learnt that RBI has received communication regarding Bank Branch Audit allotment. All Bank Branches having advances of Rupees six crores and above and one third of the branches below six crores of advances will be audited.


CA. Jaydeep N. Shah
President, ICAI

 

It clear shows that matter regarding branch  audit allotment is not clear.

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On 22 March 2012 at 22:39


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