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Statutory bank branch audit 2012

CA. S.B.Shah (Chartered Accountants) (31 Points)

21 February 2012

Respected Experts,

May I know When RBI upload Bank Branch Statutory Auditor List 2011-12 on its site or to submit the same to respective nationalised banks?

Sir, I would also like to know : Can retired branch auditor of particular bank, accept again the same bank as "statutory bank branch auditor" after one year of rest? The said bank has opted autonomy option.

Thanking you in anticipatioN.

You can also send an email to : casbshah @ gmail.com.

Regards.

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17 Replies

PANKAJ AGGARWAL (CA) (110 Points)
Replied 21 February 2012

Whether you received any news about offer mail to any firm regarding bank audit

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B.Prabhakaran (Chartered accountant) (163 Points)
Replied 21 February 2012

Council members are discussing the problem with RBI

outcome is not known...

CA Hemant B Prajapati (Chartered Accountants) (30 Points)
Replied 21 February 2012

Refer blog of CA C.V.Pawar ....as per him Bank Branch Audit policy is decided for 2011-12 & he is a member of WIRC of ICAI....informative

CA RAJ KUMAR GOYAL (PROPRIETOR) (29 Points)
Replied 22 February 2012

is in current year category III and IV not get bank branch audit ?

B.Prabhakaran (Chartered accountant) (163 Points)
Replied 22 February 2012

category III may get..... becz the limit is already fixed.

category IV members are in large numbers

some system should be introduced for long term focus....

...not a good sign for SME firms if bank branch audit / CAG are not spared for them.

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CA Sunil Anwani (CA) (117 Points)
Replied 23 February 2012

Is any news when the allocation list will be out??

PANKAJ AGGARWAL (CA) (110 Points)
Replied 25 February 2012

Whether you received any information regarding offer mail for bank audit appointment

B.Prabhakaran (Chartered accountant) (163 Points)
Replied 25 February 2012

No offer mail for addition in any catagory is made so far by any bank

The discussion was already over and advance limit for selection of branches for audit was already declared by RBI ..two weeks before

The catagories for branches can not declared... becz that depends on the availability of catagory II with every bank... it may go upto very minimum extent of catagory IV... allocation.

yesterday .. ICAI's newly elected president and VP had a meeting with finance ministry and the agenda had this discussion also...... ...

discussions are going on to reduce the advance limit proposed for selection .... but no concrete news

hoping for better to come .....

PANKAJ AGGARWAL (CA) (110 Points)
Replied 25 February 2012

Whether RBI has already sent the list of auditors to the Banks or not

CA Sunil Anwani (CA) (117 Points)
Replied 25 February 2012

RBI has sent the list to banks but i think banks have been stopped by RBI from allotting bank audit assignments as final words regarding branches to be audited are yet to be decided.

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CA VEERENDRA MURASHILLIN HUBLI (CHARTERED ACCOUNTANT) (123 Points)
Replied 01 March 2012

so far no developments known and also no news of getting offer letter from a bank in this part of hubli, kanataka, how about other parts?. pl. contribute.