Happy News to Share- As per reliable source there shall be 100% Audit for 6 crore + Advance Branches and 10% Branches shall be audited for less than 6 Crore . The same have been confirmed by many council Members . so be ready for the Audits.
CA. Amresh vashisht face book
Bank branch audit 2011-12
Page no : 5
B.Prabhakaran
(Chartered accountant)
(163 Points)
Replied 22 March 2012
Paresh Bora
(Partner)
(29 Points)
Replied 22 March 2012
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..
CA Krishna Kumar C
(Practise)
(27 Points)
Replied 23 March 2012
Congrats to all of us and the CC members who made this happen. Hope all of us get Branches for audit and start the new year (April 1 for us) on a positive note.
CA Parag G Bhuptani
(Chartered Accountant)
(122 Points)
Replied 24 March 2012
When will we get allotment now? I don't think it will be finalised before April 1st week
CA RAJIV
(Partner)
(28 Points)
Replied 24 March 2012
I just came to know Public sector banks have the notification from RBI for compulsory audit for 6 crores and above advances . But they will issue letter by next week. So we should have appointment letter before 31 March 2012.
virender thakur
(Chartered Accountancy)
(23 Points)
Replied 24 March 2012
In my opinin time has came that CA should focus on other area of practice. This time although we are going to have audit but in next year i think limit might increase to Rs. 20 Cr., then 50Cr then 100 Cr. So friends focus other area and forget about bank audit
Vikrant Bansal
(Chartered Accountant)
(66 Points)
Replied 24 March 2012
Newspaper cutting about bank audit above 6 crore
Attached File : 157476 953823 news cuttings 24032012.pdf downloaded: 301 times
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 24 March 2012
Dear All,
First of all we must insist RBI to audit all private bank branches.
C.A. P. HAREESH KUMAR
(PRACTICE)
(375 Points)
Replied 24 March 2012
According to the information obtained from the head office of a public sector Bank allottment letter would be available by 10th April and not before . Rbi will approve the list furnished by all the banks at a time and not bank wise individually .
CA Parag G Bhuptani
(Chartered Accountant)
(122 Points)
Replied 24 March 2012
10th april will be too late. further we need atleast 7 days for noc from previous auditor. If this is true then audit will not be completed before end of april.
MANOJ DEVIDAS SAMPAT
(c.a)
(147 Points)
Replied 24 March 2012
INTZAR HO GAI IMTHAN KI (BANK AUDIT KI),
A I NA KUCH KHABAR MERE YAR KI (ALLOTMENT KI),
YE HAME HAI YAKI BEVAFA VO NAHI (BANK)
FIR KHATA KYA HUI INTZAR KI
CA KRISHNA KUMAR DARUKA
(CHARTERED ACCOUNTANT)
(4458 Points)
Replied 24 March 2012
GOOD NEWS:
Banks have started contacting CAs both by mail and over phone.
CA Parag G Bhuptani
(Chartered Accountant)
(122 Points)
Replied 24 March 2012
darukaji can you pl tell us the name of banks who started communication
K.RAMANATHAN
(PROPRIETOR)
(25 Points)
Replied 24 March 2012
I have just received E mail-from Canara Bank intimating appointment-No further details about Branches-
Mine is Proprietary Concern-IV category-
Vikrant Bansal
(Chartered Accountant)
(66 Points)
Replied 24 March 2012
congrats K.RAMANATHAN 
g
plz clarify last time on which bank u empanlled or whether face any cooling period... or not
got continuiously re empaneled..??
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