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Draft Bank Branch Auditors Panel for 2013-14

SSG (1936 Points)

14 February 2014

Draft Bank Branch Auditors' Panel 2013-14 available at meficai.org site.

https://meficai.org/draftpanel_cov_letter_new.jsp

So check your UCN now.

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9 Replies

SSG (1936 Points)
Replied 18 February 2014

By which date we will be receiving appointment letters from the banks?

SSG (1936 Points)
Replied 20 February 2014

Punjab and Sind Bank has come up with the list of Statutory Branch Auditors for 2013-14.

Attached File : 16687 1288959 psb sbb 2013 14.pdf downloaded: 758 times

SAURABH KASTURIWALE (PRACTISING C.A.) (160 Points)
Replied 21 February 2014

whether only one Punjab & Sind bank has put such a list or all banks are putting up such a list ? is there any new regulatory requierement as such now to put such a list now ?

sathianarayanan.t (chartered accountant) (267 Points)
Replied 22 February 2014

Hi.. SSG, the list attached by you has 25 names of the audit firms. I don't think, it is the full list.

SSG (1936 Points)
Replied 22 February 2014

Originally posted by : sathianarayanan.t
	Hi.. SSG, the list attached by you has 25 names of the audit firms. I don't think, it is the full list.

This is the list of CA firms that were not in the last year list i.e. newly empanelled firms with PSB.

SSG (1936 Points)
Replied 24 February 2014

There should be equitable distribution of work. Every eligible audit firm should get atleast one branch for statutory audit, rather allotting three branches to proprietorship firms. This will definitely improve the quality of audit work. Hope ICAI take up this matter with RBI.

SAURABH KASTURIWALE (PRACTISING C.A.) (160 Points)
Replied 24 February 2014

do you have any news of any proprietorship firm being alloted 3 branches? If yes which bank has started allotment ?

SSG (1936 Points)
Replied 24 February 2014

As per guidelines, a firm can be allotted maximum upto 3 branches. Last year, three branches were alloted to proprietorship firms. Don't know yet about this year.

SSG (1936 Points)
Replied 28 February 2014

In an email high level officer of RBI wrote as follows:

"The statutory branch auditors are selected by the respective banks as per their Board approved policy, based on the requirements of the bank at the

particular region/ locality and depending on the level of advances of the branches.

- CA NITESH MORE