Bank branch audit 2011-12

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Page no : 4

CA.Manoj (chartered accountant) (56 Points)
Replied 21 March 2012

Dear professional colleagues, please find below message of CA.M.S.Bhatia BANK AUDIT LATEST UPDATE (20-03-2012) Dear All, As per an SMS received and telephonic talk by one of the group member with Charanjot Singh Nanda Ji.... ICAI team is still in MOF office insisting for STATUS -QUO. Nothing Finalised. We should wait for official Notification. CA M.S.BHATIA

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CA Krishna Kumar C (Practise) (27 Points)
Replied 21 March 2012

Colleagues, What is the use of patiently waiting till the official result is out. After which we cannot do anything. Enough pressure must be put before the official decision is made. The CC members has the onerous repsonsibility of keeping the fellow members informed. But their silence is giving room for much suspicion and making us believe that the negative has already been finalised.

1 Like

CA.Manoj (chartered accountant) (56 Points)
Replied 21 March 2012

https://canewsbeta.blogspot.in/2012/03/bank-audit-latest-update-20-03-2012.html

CA.Manoj (chartered accountant) (56 Points)
Replied 21 March 2012

time is runnng out. how do you think, CA.Krishnakumar, pressure can be buit up ??

Lucky Matta (Proprietor) (27 Points)
Replied 21 March 2012

BANK AUDIT LATEST UPDATE (20-03-2012)

				Dear All,

				As per an SMS received and telephonic talk by one of the group member with Charanjot Singh Nanda Ji....

				ICAI team is still in MOF office insisting for STATUS -QUO. 

				Nothing Finalised.

				We should wait for official Notification.

				CA M.S.BHATIA

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

The ball is shuttling between RBI and FM's table everyday .... do not know what's happening ??

No decision officially declared....

our file became IPL cricket ball... 20/20 between RBI/FM

ICAI... became BCCI ....

We auditors are " Watch dogs"

Enjoy IPL season

CA Krishna Kumar C (Practise) (27 Points)
Replied 21 March 2012

Friends, All of us the affected parties can flood the inboxes of the CC members with mails condemning the current scenario. However the wordings can be polite. We can write mails to for eg, the president Mr.Shah, Vice president, PDC committee chairman etc. The mail ids can be found in the below link. The huge flow of mails should make them think, especially in this election year. Let us start....

https://icai.org/new_post.html?post_id=1525&c_id=198

CA.Manoj (chartered accountant) (56 Points)
Replied 21 March 2012

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.

LET US HOPE.

Pawan Singhal (chartered accountant) (655 Points)
Replied 21 March 2012

Dear friends,

Vikrant Bansal (Chartered Accountant) (66 Points)
Replied 21 March 2012

dear pawan g & Manoj g...
plz mention the sender id (like LM-ICAIHO or else)

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Vikrant Bansal (Chartered Accountant) (66 Points)
Replied 21 March 2012

if this time status quo will maintained,then

''' TOH SABHI BANK BRANCHES KI BAND BACHNE WALI HAIN ISS BAAR...

BUS EK BAAR STATUS QUO HO JAYEE'''

CA.Manoj (chartered accountant) (56 Points)
Replied 21 March 2012

dear vikrant, that message was received by the secretary of a branch of ICAI. He is closely related to him. So it can be trusted.

CA.Manoj (chartered accountant) (56 Points)
Replied 21 March 2012

we can hope atleast up to tomorrow night. have a good night.

CA RAJIV (Partner) (28 Points)
Replied 21 March 2012

yeah tomarrow will be the final date for announcement of RBI Policy in relation to Branch Bank audit . If RBI maintains the status quo , the next job for our President should be to convince the RBI to also implement Compulsory Branch audit for private Banks who as on today escape from the perview of Branch audit.