Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Statutary bank audit 2015

04 March 2015

BANK MUST GIVE ONLY ONE BRANCH PER AUDITOR TO SPRDE WORK AMONG AUDITOR ISSUE ALLOTMENT LATTER MUCH IN ADVANCE SO THAT DEDLINE ACHIVED BY ALL AUDITORS

Reply
Follow
Share

10 Replies

PRIYAMVADAPADMANABHAN (PROP) (29 Points)
Replied 09 March 2015

I have a query I stay in Chennai my 4 years of bank branch audit was over last year 1 do we have cooling period for branch audit in Chennai 2 met has not given the latest list when will the list be ready

Upgrade to CAclubindia Pro. Subscribe Now!

MANISH AGARWAL (CHARTERED ACCOUNTANT) (45 Points)
Replied 16 March 2015

Dear all

I am a category IV auditor. My name was there in the final panel forwarded to RBI by ICAI. I havent received any call or email yet from any bank. What to do ?

Thanks.

PRIYAMVADAPADMANABHAN (PROP) (29 Points)
Replied 17 March 2015

How do we know that we will get branch bank audit or not

PRIYAMVADAPADMANABHAN (PROP) (29 Points)
Replied 17 March 2015

How do we know that we will get branch bank audit or not

CA Puspendu Sarkar (Chartered Accountant) (47 Points)
Replied 18 March 2015

So far informed list is final only branch allotment is pending.

Institute or RBI should display the list of the firms selected by banks.

There is no scope for us to check whether our firm name considered or not.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Puspendu Sarkar (Chartered Accountant) (47 Points)
Replied 18 March 2015

So far informed list is final only branch allotment is pending.

Institute or RBI should display the list of the firms selected by banks.

There is no scope for us to check whether our firm name considered or not.

Titu Parasar (Profession) (34 Points)
Replied 20 March 2015

So far not received any call / mail from any bank.

CA Puspendu Sarkar (Chartered Accountant) (47 Points)
Replied 20 March 2015

So..... we are not considered for audit of any bank.

Harsh Raiyani (Chartered Accountant) (71 Points)
Replied 20 March 2015

I have gone thru the guidelines and I am of the opinion that during the tenure of 3 / 4 years (as applicable to SCA / SBA), Banks cannot remove the continuing auditors unless any disciplinary proceedings are pending or in case of any adverse remarks against SCA / SBA. Further, the guidelines uses the words 'continuing auditors' and 'new auditors'. From the above, one can conclude that consent is not required from the continuing auditors.