Sethuramalingam S
(Chartered Accountant)
(23 Points)
Replied 13 March 2012
any update on allotment status
rahul
(Chartered Accountant)
(5570 Points)
Replied 14 March 2012
Originally posted by : Vikrant Bansal | ||
any new update??? |
Nirmal Jhanwar
(Chartered Accountant)
(35 Points)
Replied 14 March 2012
Pawan Singhal
(chartered accountant)
(655 Points)
Replied 19 March 2012
bank audit limit raised up to 20cr. advances.
Ritesh
(Asst.Mgr.)
(164 Points)
Replied 21 March 2012
Pawan Singhal
(chartered accountant)
(655 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.
atit
(Proprietor)
(49 Points)
Replied 22 March 2012
hi all
any update on bank audit for the year 2011-12.
I heared from PNB officials that limit has been extended to 20 cr. advance.
Means small category firm will not get any bank branch audit.
But not getting any news from (our) Institute? what happen to ICAI?
Ritesh
(Asst.Mgr.)
(164 Points)
Replied 22 March 2012
Bank Br. with Advances above 6 Cr will be subject to Statutory Audit. Bank Br. having advances less than Rs 6 Cr will be audited once every 3Yrs.
CA Prasun Kr Bhattacharyya Chairman,EIRC
Sent on my BlackBerry® from Vodafone
--
CA Ranjeet Kumar Agarwal
Vice-Chairman,EIRC (2012-13)
4th Floor,4,Ballav Das Street,R.N-418,
Kolkata- 700 007 ;Ph: 033 2270 8925/ 2273 0164,+91 98301 40211
CA KRISHNA KUMAR DARUKA
(CHARTERED ACCOUNTANT)
(4458 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 RAJIV
(Partner)
(28 Points)
Replied 22 March 2012
i think still the bank audit mess is not clear . Our Institute President Mr jaydeep Bhai shah has just flaashed the email like this
Dear Member,
It has been learnt that RBI has received communication regarding Bank Branch Audit allotment. All Bank Branches having advances of Rupees six crores and above and one third of the branches below six crores of advances will be audited.
CA. Jaydeep N. Shah
President, ICAI
It clear shows that matter regarding branch audit allotment is not clear.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India