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Important Announcement Bank Branch Auditors 2008-09

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Important Announcement Bank Branch Auditors 2008-09 - (16-03-2009)

Your attention is drawn to the new Procedure for appointment of Branch Statutory Auditors in Public Sector Banks for the year 2008-09 already hosted on the website

It is an open invitation to all those Chartered Accountants/CA firms which have been conducting audits as bank branch auditors since 2004-05 onwards continuously. In case they have not been allotted the branch audit this year i.e. 2008-09 inspite of being eligible, kindly mail the following details to mefpdc @ icai.in with “Complaint regarding Branch Audit Allotment 2008-09” mentioned in the subject line:

Name of the applicant

UCN

FRN/MRN (if applied in Individual name)

Year	2004-05	2005-06	2006-07	2007-08
Bank to which allocated

An early response to above will help us to make timely representation to appropriate authorities.

CA. Anuj Goyal
Chairman, Professional Development Committee

Replies (1)

Sathyanarayana G

1121 Points Posted on 17 March 2009

As a result of new procedure of appointing Bank Branch Audit for 2009, if you are not got the appointment, there is a audit broker who secures the audit for you with bank and branch of your choice. For this audit broking service you have to pay commission of 25% of the audit fee. If you are interested, please mail your profile to pchidambaram @ indiafinanceminister.com For Central Statutory Audit you should be an international firm or one of the big 4 and also you should be agreeable to give audit report as per the directions of the Board of Directors of the Bank. The service will be available on first come first served basis. Please do not disclose this news to anyone including ICAI.

If you are interested, please rush your proposals immediately. The new system will be applicable for the year 2008-09 onwards.