One SIRC council member said today that the RBI guidelines says 85% of a bank's advances should be covered under statutory audit. That is reason for fixing the thrashold limit as 20 crores. Hence in future there will not be any bank audit to cat III and IV is not correct. Is it fact?
Sba 2013
Page no : 4
K.NAGARAJAN
(CHARTERED ACCOUNTANT)
(24 Points)
Replied 13 March 2013
DEAR Mr.ARINANDAN ANGLE,
WHAT IS YOUR CATEGORY PLEASE.
C.A. P. HAREESH KUMAR
(PRACTICE)
(375 Points)
Replied 13 March 2013
When shall this fraternity believe the truth that their leaders has surrendered for the 20 Crores limit last year? The present council is the extension of old council. Very few council members lost on account of non performance. But who are there in the council were equally responsible for surrendering the bank audits last year. How they manage to get elected again is a billion dollar question. In fact our fraternity doesn’t take the right cause at the right time.
Our members are in pain and still under a dilemma that how can there be no bankaudit this year? This is a truth that we have to accept it.
What our Elected Council Members are doing for our Profession?. Why Council member are not saying anything on this issue?. They are busy in selecting Vice Presindet, Chairmans, Branch Elections. ICAI Should have right to recall for elected Members.
A comment in CA SANSAR by a member CA.Amresh Vashisht
G GURUMOORTHI
(PARTNER)
(51 Points)
Replied 13 March 2013
Received Bank branch audit for 3 branches and one above rs.450 crores and two branches above rs.20 crores
C.A. P. HAREESH KUMAR
(PRACTICE)
(375 Points)
Replied 14 March 2013
CANARA BANK HAS STARTED SENDING OFFER LETTERS - I HAVE RECEIVED THEIR OFFER ON 13/03/2013
C.A. P. HAREESH KUMAR
(PRACTICE)
(375 Points)
Replied 14 March 2013
Now it seems that many of our collegues loose revenues from Bank audits ----
I recall what studied long back in my CA Final Audit " Those who consider the society's interest above their personal interest are alone fit to practice this noble profession of AUDIT "
Praveen
(CHARTERED ACCOUNTANT)
(51 Points)
Replied 15 March 2013
Hi Hareesh,
How many branches are allotted and the quantum of advance
sathianarayanan.t
(chartered accountant)
(267 Points)
Replied 15 March 2013
Dear friends, who got branch allotment, any revision in fees?
C.A. P. HAREESH KUMAR
(PRACTICE)
(375 Points)
Replied 15 March 2013
Sathianarayanji --- There is no revision in fees - Basic Fees + 10% +15% as earlier
Praveenji -- I am in category iv sole propreitor -- in the panel of Canara Bank - 3rd year running
As against 3 branches last year - I have been offered 2 Branches this time , advances exceeding 50 crores but less than 75 crores
Wish you all good luck
C.A. P. HAREESH KUMAR
(PRACTICE)
(375 Points)
Replied 15 March 2013
From Informal sources qouting a central council memebr I understand that our Institute is stiil pursuing the matter - but Mr.Chidambaram is not yielding
CA. N M Poptani
( CA)
(49 Points)
Replied 18 March 2013
Alloted 3 Branches (all above 20 cr) of Central Bank of India, (Mumbai Region)
PANKAJ AGGARWAL
(CA)
(110 Points)
Replied 18 March 2013
Hello pls update me the status of state bank of patiala,any one received allotment,how many branches.
C.A. P. HAREESH KUMAR
(PRACTICE)
(375 Points)
Replied 18 March 2013
pankajji I have no idea about state bank of patiala . Why donot you contact them over phone
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