After watching all the things , Our ICAI should support on this to the practicing Chartered Accountants, Day by Day its becomes big challenge to Youngsters to enter into Practice.
Minimum two ,clear, weeks of time ,ought to be given to do detailed audit,for SBAs, ( where advances are more than Rs 75 crore advances)for each auditor,while raising suitably audit fees( 10 % hike is not sufficient)
sir , our negative querries are complied or not - that responsibility is also cast on us and forced on us and if not , even in that case the incoming auditor is held responsible
Appointment has to be by RBI and reporting will be proper but since banks are allowed to appoint the auditor feels obliged and his report is bound to be affected
Our government and institute are not with Members. All politicians are same, they think only about themselves not members and public. All things you told are correct but there will any change from the members prospective. We are loosing work day by day and responsibilities are increasing day by day. Even after all these members support to the persons to whom we should not support, due to their personal greed.
If this circular is genuine then Government or rbi doing way their role so that bank cannot take plea that auditor are appointed by us. This will also affect quality of professional. And expected high influence of bank not to post MOC
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After watching all the things , Our ICAI should support on this to the practicing Chartered Accountants, Day by Day its becomes big challenge to Youngsters to enter into Practice.
Every firm in the panel to get at least one bank branch audit otherwise there is no point in maintaining the panel
Yes, Very True...
Minimum two ,clear, weeks of time ,ought to be given to do detailed audit,for SBAs, ( where advances are more than Rs 75 crore advances)for each auditor,while raising suitably audit fees( 10 % hike is not sufficient)
Equitable distribution of work seniority wise is must and proprietary firm should also get preference
IT WAS THE COMMENT OF OUR BELOVED LATE MINISTER ARUN JAITLEY , WHAT WERE THE AUDITORS' DOING ? IT WS ALL THE MORE UNFORTUNATE TO HEAR
sir , our negative querries are complied or not - that responsibility is also cast on us and forced on us and if not , even in that case the incoming auditor is held responsible
Waahh sir aapne Jo bola ha ekdam sahi haaa..
Thanks
When auditor is appointed by banks and not RBI quality of work is affected
No Independence...
If this circular is fake it should be brought to limelight and those involved punished
We are trying for the same.
Appointment has to be by RBI and reporting will be proper but since banks are allowed to appoint the auditor feels obliged and his report is bound to be affected
Our government and institute are not with Members. All politicians are same, they think only about themselves not members and public. All things you told are correct but there will any change from the members prospective. We are loosing work day by day and responsibilities are increasing day by day. Even after all these members support to the persons to whom we should not support, due to their personal greed.
well said sir
MOC SHOULD EMERGE FROM THE VERIFIES SAMPLES AND NOT OTHERWISE
Sir what about yes bank
Thanks.
If this circular is genuine then Government or rbi doing way their role so that bank cannot take plea that auditor are appointed by us. This will also affect quality of professional. And expected high influence of bank not to post MOC
True
4 saal baad Bank audit milega or cooling period start ho jayega
No cooling period
Institute not help 🚫👎
Institute ko lagao 🔒
Kyun sudharna pedega
Very true and it’s reality.
Thanks....