Fwd: {Amresh's CA's} BANK AUDIT BACHAO ANDOLAN - OUR DEMANDS PLACED BEFORE THE ICAI OFFICE-BEARERS
CS A Rengarajan
Every profession is fighting for expansion or continuation of exisitng practice
kindly go through the same
regards
---------- Forwarded message ----------
From: S <worlds...@yahoo.com>
Date: Tue, 14 Feb 2012 19:01:49 -0000
Subject: {Amresh's CA's} BANK AUDIT BACHAO ANDOLAN - OUR DEMANDS
PLACED BEFORE THE ICAI OFFICE-BEARERS
To: ICAI_CIRC...@yahoogroups.com
Dear Amresh Ji,
Thank you for writing this letter to office bearers of ICAI. Thank you
for taking the initiative.
In fact you have been in touch of the grass-roots of the CA profession
for umpteen years, so you know exactly where the shoe pinches the small
CA.
All the more reason for you to take the lead.
Rather it is your duty to do so.
warm regards,
sanjeev josh fca
--- In ICAI_CIRC...@yahoogroups.com, CA Vashisht Amresh-Moderator
<amresh_vashisht@...> wrote:
CHARTERED ACCOUNTANT WELFARE FORUM OF INDIA 115,
Chappel Street, Meerut Cantt-250001
PHONE; 0121-2661946,09837515432 To The President ICAI ,Vice
president ICAI , Chairman PDC & Other Council Members Sirs, As
you are aware that RBI has given the new directive for getting the bank
Branches Audit . The Professional Development Committee has worked for
the continuance of such branch bank audits from the last 25 years. The
RBI direction to get 85 % of the bank audit advance under audit is
against the basic spirit of the Auditing. The council and PDC must take
it as main concern and shall guard the continuation of old arrangement
of audit allotment. As the matter is down for the count, we the members
of your institute feel that you should be aware of our feelings for such
Bank Audits. We hereby demand the following for your consideration and
we are hopeful that under your governess, such an injustice shall not be
done to the Category III & Category IV Audit Firms. We demand the
following.
1. For the present year i.e ending 31st March 2012, old system of
empanelment of bank audit be maintained. RBI should be convinced to
accept the Empanelment as prepared and submitted by PDC.
2. If RBI doesn’t agree to your empanelment then PDC
should take back its empanelment in full. Let it be left for the Banks
to decide their course of action of appointment of auditors.
3. For the next year a new policy be announced in advance and an
opportunity be provided to the firms for consolidation of firms.
4. Institute should review its pattern of recognizing the categories
of the firm. While redesigning the new norms, the year of experience of
members and location at small places be given proper weight age.
5. An ongoing system of awarding the categories only on the strength
of partners be taken back.
6. The new panel should also be use for Concurrent, Revenue & Stock
Audits of the Bank Audits.
7. A thorough documentary check be initiate to check the misuse of
firms run by the members engaged in other business or in employment.
Further you are requested to go through the following various sayings,
pleadings for continuance of old system in our group icai_circ_meerut_ca
at yahoo groups.This is to be mention that the above named Forum has
filled a writ petition in Delhi High Court in the year 1989 , when
arbitrarly, RBI has rejected the 3000 applications of auditors.Kindly
see the following reactions and requests. "Is It Ta-Ta Bye Bye To Bank
Audits?" By CA AMRESH VASHISHT, FCA, LLB,DISA(ICAI) A worst situation
has emerged for the Bank audit 2012 assignments. It seems that there
will not be Branch Bank Audits for category III & Category IV firms this
year. The RBI has diluted its stand but still gunning for 30 Crore & 50
Crore norms for Branch Audit. The reliable source claims that the RBI
directions have been kept in wrap from the council. There was no
discussion on the subject in the council. It was only recently that the
council has gone through the on going tussle/settlement between the RBI
and ICAI. In the last few months our profession is virtually bending on
its knees. It seems the process is continuing and no one is giving any
kind of challenge. Where are those, who are responsible to challenge
such developments? Probably all are busy with the 12th elections. This
kind of thinking is detrimental to our lives, for when we constantly
blame other people or outside situations for what is happening to us, we
do nothing ourselves to change it! Like a pendulum endlessly swinging
back and forth, or a lone rock resting on a mountainside, we continue to
act and exist in the same pattern. The scene will be worst from next
year, when the appointing authority shall be the Central Auditor. Every
one is aware that there a deadly caucus which ruled the Central Bank
Audit assignments. From so many years the norms of appointing Central
auditor have not been changed. The appointment of central auditor is
based on the influential source for the firms. Every year to become a
Central Auditor, it requires backing of the senior officials from the
north block. Now these central auditors shall rule the new system.
We are not transparent in our deeds and in future the upcoming scene
shall surely kill the profession. Bank audit allotment confers
professional opportunities and pecuniary benefits to
CA’s and therefore need for transparency. The
member of this profession has a right to know every act, everything that
is done in a way, by their functionaries. To cover with veil of secrecy,
the common routine activity is not in the interest of the Institute. In
a profession of responsibility like ours, where all must be responsible
for their conduct, there can be but few secrets. Now the need of the
hour that ICAI should take back its empanelment in full and further make
some rules that the appointment of the branch auditors can not be done
by the central auditor. To sum it up: Bank audit is history,
tomorrow is a mystery, but today is a gift... so enjoy the present. CA
AMRESH VASHISHT, FCA, LLB,DISA(ICAI) Member,ICAI Committee For DIRECT
TAXES 2011-12 Member,ICAI Committee For Capacity Building of CA Firms
2010-11 Moderator,http://in.groups.yahoo.com/group/ICAI_CIRC_MEERUT_CA
<http://in.groups.yahoo.com/group/ICAI_CIRC_MEERUT_CA>
1 1 5, Chappel Street, Meerut Cantt, UP, INDIA.
Phone: 0 1 2 1-2 6 6 1 9 4 6. Cell: 9 8 3 7 5 1 5 4 3 2. FOLLOW
http://twitter.com/caamresh <http://twitter.com/caamresh> ADD
http://www.facebook.com/amresh.vashisht
<http://www.facebook.com/amresh.vashisht> > Â
> From: snehal thakkar
> snehal81632@...
> Subject: {Amresh's CA's} BANK AUDIT - CONTRIBUTION OF STATUTORY AUDIT
FEES TO
> TOTAL INCOME
> To: ICAI_CIRC...@yahoogroups.com
> Date: Monday, February 13, 2012, 2:39 PM
> Â Dear All,
> Â
> Actually we are putting so many
> valid points for having Bank Audit system at branch level.
> Â
> Main reason for emergence of such
> situation was presentation made by Nationalised Banks to RBI to
dispense with
> statutory audit of certain branches as Private Banks have been
following this
> practice. This was projected as major cost for Banks etc.. etc.
> Â
> CAs are having best of the skills
> of analysis, I decided to analyse the materiality of Audit Fees with
reference
> to Total Income. And shockingly/surprisingly, audit fees contribute
between
> 0.12% to 0.19% of total income to the Banks and out of total fees
major portion
> is paid to Central Statutory Auditors. (See Table Below)
> Â
> So we are ‘materially’
> affecting the cost of Nationalised Banks by way of our fees which very
quickly
> and rapidly endorsed by Reserve Bank of India. Â
> Â
> Cost of the nation as a whole for
> Statutory Audit fees may touch Rs.500 Crores which is to safeguard
public money
> (which may go upto trillion(s) of rupees).
> Â
> % OF STATUTORY AUDIT FEES TO TOTAL INCOME - FINANCIAL YEAR 2010 11
Â
> Â Â Â Â Â Â Rs. in Cr.
> Sr No Name of Bank Total Income Net Profit Net Profit % Audit Fee % of
Total Income
> 1 Bank of Baroda          Â
  21,886 4242 19%        38.85
0.18%
> 2 State Bank of India        Â
1,47,844 Â Â Â Â Â Â Â Â 11,180 8% Â Â
  190.58 0.13%
> 3 Central Bank of India         Â
   16,486         Â
 1,252 8%        22.54 0.14%
> 4 Bank of India           Â
 24,393           2,489
10% Â Â Â Â Â Â Â 35.80 0.15%
> 5 Canara Bank           Â
 25,767           4,026
16% Â Â Â Â Â Â Â 29.79 0.12%
> 6 Allhabad Bank           Â
 12,385           1,423
11% Â Â Â Â Â Â Â 17.91 0.14%
> 7 Union Bank of India         Â
   18,491         Â
 2,082 11%        21.39 0.12%
> 8 Uco Bank            Â
12,296 Â Â Â Â Â Â Â Â Â Â Â Â Â
 907 7%        23.54 0.19%
> Â Â Â Â Â Â Â
> Disclaimer : Â Â Â Â Â
> Â Â Â Â Â Â Â
> * All above data is extracted from Published Annual report of
respective banks from Official Website.
> * Any error/ommission may be there but it is for analysis only. Â
Â
> Â
> Â
> Â
> Â
> Regards,
> Â CA
> Snehal Thakkar
>
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> #89784 From: Siddhartha Naik naik_dash@...
> Date: Mon Feb 13, 2012 7:20 am
> Subject: Re:
> {Amresh's CA's} Re: BANK AUDIT BACHAO ANDOLAN
> Dear Friend
> Â
> Audit profession is a respectable qualitative service , we are such in
a position in one hand we responsible to management and in the other
hand also we are responsible to statutory authority , government and the
stake holder and public at a large.
> Â
> In this sense we must do qualitative audit and inaddition to that we
should receive a proper remuneartion in respect to our time consumption,
staff utilisation and other expenses related to travelling etc.In
concurrent Audit in last 10 years what we have seen that some of the
branches are done by their own staff who is a staff of branch manager
level officer for continuous period of 1 year or 2 years.Can you imagine
what cost will be involved if a branch manager level people will
appointed as concurrent auditor. And he will definitely put forward a
good report. But when the bank will choose a CA for concurrent audit
they will not pay 20% of that price which a branch manager level
concurrent auditor will get.Hence A CA will not give major time to audit
, then how a good and qualitative report will be come out.But a fear
that my concurrent audit will be not there in next year which induced
him to not to be independent and agree with the view of
> management.Although Concurrent Auditors are appointed by management ,
but CAs are independent to give their quality report.
> Â
> So RBI should take the initiative to regularise this issue which leads
to a good qualitative Concurrent Audit Report.Directly or Indirectly
Banks know every things about the middle corporate Or a large corporate
. A better suggestion may be provided by the Concurrent Auditors to that
Corporate Borrowal before a leading SCAM may unearth.
> Â
> S Naik
> Â
> From:Puneet Burman puneet_soc@...
> To: "ICAI_CIRC...@yahoogroups.com"
> ICAI_CIRC...@yahoogroups.com
> Sent: Monday, 13 February 2012 5:28 PM
> Subject: Re: {Amresh's CA's} Re: BANK AUDIT BACHAO ANDOLAN
> Â
> Â
> Dear friends
> i am not agree with the view of many members in this
> regard.in my opinion accepting concurrent audit in such a lower fees
is the
> main reason of downgrading the quality of concurrent audit.there is no
question
> of small or big firms accepting the audit.
> one has the courage of saying "NO".
> But in our case there are people who are trying to get
> subletting in 3000/-or 4000/-Â for a month.
> Think what they will do.they will assign the same to a
> article who will fill the format of the report and send to the main
person who
> will post the same to the concurrent audit department.
> In such a case where is the professional engagement.
> Many C.A's are having concurrent audit of 8 to 10 branches
> of various cities.how they are doing it.
> Answer is "By Managing"
> Â
> Banks should also think that how a C.A can fulfil the
> requirement of Con Audit.
> Also I know there are many firms, who think that they can
> not justified the assignment in the fees quoted by the banks,they
simply avoid
> to apply for con audit.Â
> Â
> Â
> C.A Puneet Kumar Burman
> Partner M/s Shiv Om & Co.
> Kothiwal Nagar
> Station Road Moradabad
> 244001
> Mob. No.+919897284140
> Ph.No 0591-2310116,2314154
> Fax No.0591-2310404
>
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------------------------------------
> From:Siddhartha Naik
> naik_dash@...
> To: "ICAI_CIRC...@yahoogroups.com"
> ICAI_CIRC...@yahoogroups.com
> Sent: Saturday, 11 February 2012 10:28 PM
> Subject: Re: {Amresh's CA's} Re: BANK AUDIT BACHAO ANDOLAN
> Â
> Â
> Dear Friends
> Â
> Before blaming other first to correct ourself.
> Â
> Maximum Category I and II firms are getting Concurrent
> Audit , Have you ever seen their report.
> Â
> How far they give correct picture of NPA, understanding
> with Authority to get more concurrent Audit.
> Â
> How many days you will go for report of copy and paste
> method to happy the authority.
> Â
> S.NAIK
>
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------------------------------------
> Â
> From:VIJAY KAPUR
> cavijay55@...
> To: "ICAI_CIRC...@yahoogroups.com"
> ICAI_CIRC...@yahoogroups.com
> Sent: Saturday, 11 February 2012 3:09 PM
> Subject: Re: {Amresh's CA's} Re: BANK AUDIT BACHAO ANDOLAN
> Â
> Â
> Dear Friends,
> Â
> To rebut the idea of RBI, the detailed data of unearthing
> of revenues for the banks, NPAs reported beyond Balance Sheet by the
respective
> auditors viz a viz audit fees paid by the banks should be presented.
This is an
> idea only.
> Â
> RBI had already seen the Global Trust Bank fiasco, Satyam
> Computers fiasco in recent times, where Statutory Audits were carried
out by
> single firm.
> Â
> RBI should strengthen system instead of weakening it.
> Â
> Regards
> Â
> CA Vijay Kapur
>
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----------------------------------
> From:CA. krishan Gopal Sharma
> k_gopal_sharma@...
> To: "ICAI_CIRC...@yahoogroups.com"
> ICAI_CIRC...@yahoogroups.com
> Sent: Saturday, 11 February 2012 2:27 PM
> Subject: {Amresh's CA's} Re: BANK AUDIT BACHAO ANDOLAN
> Â
> Â
> Dear Professionals,
> Â
> I think we all are required to learn the
> chapter of  ''UNITY" just like the other professionals i.e.
ADVOCATES
> & DOCTORS etc.
> Â
> We all are responsible to this situation due to 'Quality of
> Audit assignments'  and 'Dependency on Bank Audit like MEGA
DRAW'.
> Â
> Now  we all should unite to form a strong  UNION
> of CAs  and we create the pressure on regulatory Authority
> by BY COT of  Statutory Audit of all other branches, which
> require the audit under amended guidelines.
> Â
> thanks.
> Â
> CA. GOPAL SHARMA
> K.GOPAL SHARMA & CO.
> CHARTERED ACCOUNTANTS
> 34/2,II FLOOR,YUSUF SARAI.
> NEW DELHI - 110
> 016
> PH. 91-11-26563275
>
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------------------------------------
> From: CA. VINAY MITTAL, GHAZIABAD
> navyagzb@...Date:
> Sun, Feb 12, 2012 at 9:24 AMSubject: {Amresh's CA's} Re: BANK AUDIT
BACHAO
> ANDOLAN
> Â
> Respected
> Member
> Namaskar
>
> I am agree with views of CA. Mohit Arora,
>
> In the month of March, the bank officer does work in pressure of
Auditor. Due
> to this reason they improve their branch only in the month of March
says as
> correctness in deficiency in documents, recovery, post charges &
improve
> filling, otherwise their position will be same as USA and Europe bank.
>
> This is only reason that Indian bank is in a better situations in all
over
> world.
>
> With warm regards
> CA. VINAY MITTAL, FCA
> 34 NAVYUG MARKET, 2ND. FLOOR
> GHAZIABAD-201001
> MBL 09910691575
> Â
> From:Kamal Taneja kamaltanejaco@...
> Date: Mon Feb 13, 2012 9:25 am
> Subject: Re:
> {Amresh's CA's} Draft of demands for Bank audit to be submitted to
ICAI.-
> Further suggestions invited. kamaltanejaco@...
>
>
> sir
> from whom we are expecting follow up. Council members are not going to
do anything in this regard coz most of council members are almost sure
about the allotment. They are not concerned with the status of small and
medium size ca firms, rather they will be happy coz this type of crisis
will result in consolidation of firm with large firms
> Â
> Â KAMAL TANEJA
> KAMAL TANEJA & CO
> Chartered Accountants
> Ph: 0120-4261920
> Mob:- 9818037136
> Â
> Â
> From:"CA. Sabharwal" ca.sabharwal@...
> Date: Mon Feb 13, 2012 9:37 pm
> Subject: we
> need to do
>
>
> Our seniors did it they guided us, molded us, crafted us,
organized us, put values in us, gave the alphabet CA to us what do we
plan to give the next generation????????????????????
> Warm RegardsÂ
> G Sabharwal & Company
> Chartered Accountants
> 143/2 Chander Nagar, Alambagh, Lucknow -  226005, Uttar
Pradesh, INDIA
> 9415108029, 9839272225  0522 2464606, 0522 4010040
> ca.sabharwal@..., audits@...
> http://gsabharwalcompany.icai.org.in
> Â
> From:CA. MOHIT ARORA
> mohiitarora9@...
> To: icai_circ...@yahoogroups.com
>
> Subject: {Amresh's CA's} Fwd: BANK AUDIT BACHAO ANDOLAN-
> Â
> Dear Sir/Madam,
>
> This is with reference to the ongoing tussle with RBI regarding
appointment of
> SBA and no. of branches to be covered under audit.
>
> In this reference I would like to share my experiences with Bank
Auidt.
>
> Although 90% of MOC are nil but there are many compliances which
branches
> adhere due to their fear towards Statutory Audit. Their whole year's
hard work
> reflects only in Statutory Auidt and annual balance sheet. Many
branches follow
> NPA norms or enforce recovery to the defaulting borrowers only because
the
> Statutory Auditor may give NIL MOC. Many times I myself initiated
recovery
> during the course of audit and successfully recovered lakhs of rupees
for the
> bank or atleast the defaulting borrowers were pressurised on the name
of
> auditors and they deposited their overdues either during the course of
audit or
> immediately after the audit is over.
>
> Similarly there are many legal compliances which branches do during
the course
> of audit only. If the maximum branch audits are done away with then I
beleave
> that it will be easier for the banks to cook the balance sheets or
give false
> statements and this will be cheating with the investors of the banks.
>
> I therefore mark my protest against the RBI decision to do away Branch
Audit of
> 85% branches. Also I request you to take immediate decision to call
off the
> entire panel and tell RBI and other banks that ICAI needs time to
prepare fresh
> panel or if possible then make rules for max. no. of branches that a
ca firm
> can do like we regulate tax audits.
>
> I hope that all our beloved council members are working hard and doing
their
> best in this rspect but I still request you to kindly take immedate
steps. You
> can also move to Supreme Court to get a final verdict.
>
> Â
>
>
> --
> Thanks & Regards
> For Mohit Arora & Co.
> Chartered Accountants
> 22, Civil Lines, Ground Floor
> Hotel Krish Residency
> Roorkee- 247667
> Ph.9897633139
> email: mohitarora.co@...
> website: http://mohitaroraco.icai.org.in/
>
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> From:CA. MOHIT ARORA
> mohiitarora9@...
> To: icai_circ...@yahoogroups.com
> Sent: Sunday, February 12, 2012 10:54 AM
> Subject: {Amresh's CA's} Fwd: BANK AUDIT BACHAO ANDOLAN-CA. ANUJ GOYAL
> JI'S RESPONCE TO MY MAIL
> Â
> Â
> Respected
> Mohit ji
> We r putting our best to see that how branch
> audit can b with us without fail in the times to come
> Rgds
> Anuj Goyal
> Regards
>
> CA. Anuj Goyal
> M.Com, LLB, ICWA, FCS, FCA, DISA(ICAI),DIRM(ICAI)
> Central Council Member,ICAI anuj@..., anujgoyal@...,
> anujgoel28@...
> (M) 9312258364,9810041371
> http://www.anujgoyal.in
> From: Kuldeep Arora
> cakuldeeparora@...
> Date: Mon Feb 13, 2012 11:19 pm
> Subject: Re:
> {Amresh's CA's} Draft of demand for Bank audit to be submitted to
ICAI.-
> Further suggestions invited. cakuldeeparora@...
> Send Email  Â
> Dear Amrish Ji,
> One more suggestion may be added that the service tax paid by the
firm/individual in a particular  financial year may be taken as a
criteria for allotment of bank audit.
> Thanks
> Regards
> CA. Kuldeep Arora
> Kuldeep Arora & Associates
> Chartered
> Accountants
> "CHARTERED CHAMBER",
> 64/256, Dampier Nagar, Mathura - 281001 (U.P.)
> Phone No. 0565-2502139, 2442348
> Mobile No. 9837059648
> email: cakuldeeparora@...
> website: http://kuldeeparoraassociates.icai.org.in
>
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--------------------------
> From:Siddhartha Naik naik_dash@...
> Date: Mon Feb 13, 2012 6:40 am
> Subject: Re:
> {Amresh's CA's} Draft of demand for Bank audit to be submitted to
ICAI.-
> Further suggestions invited.
>
>
> Yes Sir
> Â
> We are agree to the suggestion given.
> Â
> One more thing I may added , CAs are opening head office in
non-cooling station for bank audit allocation but actually operating
from cooling station by opening branch either sometime declaring to
Institute, sometime not declaring to Institute.Sometime we are surprised
how Institute is approving a branch office in two different state with
out taking a member for that branch office charge for a proprietory
firm.That thing should be look into .Cooling centre if it is in
existance should be revised , that firm should be allowed for concurrent
, revenue and stock audit.
> Â
> Â
> S Naik
> Â
> From:SD VERMA sd_verma2000@...
> Date: Mon Feb 13, 2012 6:43 am
> Subject: Statutory
> Branch Audit for the year 2012
> Dear Sir,
> I am seeing the mail for the last one week regarding bank audit. It is
a
> matter of great concern that there will be no charm for practice
at least
> for freshers. Whatever may be the policy of RBI, whether it is
Rs. 50
> crores or 30 crores or 20 crores or any thing else,we should
remember
> that in statutory audit we mostly stick to verify compliance of
the
> statute and do not audit to make a value addition. However,
while
> auditing and verifying the compliance of the statute we do make
value
> addition sometimes directly and sometimes indirectly for which
most of
> the times there is no record. If RBI says that we members are
not doing
> our duties properly in reporting Correct figure of NPA, why RBI
is not taking
> any action against such erring members?.Taking away audit on
this
> ground,in my opinion, is not the correct remedy. In banks,
public
> deposits are also involved and if there is no audit, how their
interest
> will be secured?Further more, in absence of audit there will be
no check
> at branch level by an independent agency. Moreover, I think that
RBI
> never says the Category iii and IV auditors will not be assigned
any
> branch audit this year. However,there is indirect refusal due to
non
> availability of sufficient no. of branches for audit once any
limit is
> decided by RBI.In my opinion, RBI/Bank Management should review
auditors
> report at least for the last year if not for 2-3 years
andÂ
> allot the branches to auditors found suitable irrespective of
the
> category they belonged.It can not be taken for granted that only
category
> I and II auditing firms will do audit as desired by RBI and
category III
> & IV auditing firms are incapable of doing audit as per RBI
norms.
> Now we should see the other side of the coin.It has been our past
> experience that branch management are directed /advised by their
> controlling authorities not to disclose correct figure of NPA
/borrowal
> accounts.Thus, we are never given borrowal accounts correctly
classified
> for our audit which is the duty of the branch
management.Even when
> advances are computerised, why the advances are not being
classified by
> the system? The reason is obvious. In such cases why RBI is not
taking
> penal action against such erring officials of the branch/bank
> management.?.One more thing I would like to share with which
most of us
> will agree. During audit, officers from ZO/RO are in constant
touch with
> the branch and whenever NPAs are being reported, they start
pressurising
> us not to give MOC for NPA on different pretext and generally
they go to
> the extent of threatening us to get our name removed from the
panel next
> year.Though most of us do our work on merit but possibilities of
> compromising the independence in such a situation is not ruled
> out.RBI/The Institute should also take care of this
situation and
> ensure at all level that auditors independence is not
compromised in any
> way. Nowadays, the position is that if you report correct
NPA,then
> the bank management threaten/removes you or allots smaller
branch and if
> you fail to detect correct NPA due to short of time assigned for
bank
> audit,then RBI removes your name from the panel or decides
lesser no. of
> branches for audit.What the auditing firms to do now? This is
the
> charisma of autonomy of the bank.The time has come that we
should raise
> our voice for independence of auditors first and then to restore
old
> system of preparing panel of auditors by RBI otherwise days
are not
> far away when we will see the worst in indian banking
industry too.
> Thanks.
> CA. S.D.Verma
> Gorakhpur
>
>
> Re: {Amresh's CA's} Draft of
> demand for Bank audit to be submitted to ICAI.- Further suggestions
invited.
> galavilas@...
> Dear Sir,
> Â
> One more suggestion can be added that  more weightage be given in
Con-Current Audit to class III and class IV firms as being partnership
firms  or proprietorship firm they can devote more time in the
conduct of audit.
> Â
> CA Vilas M. GalaÂ
> Re: {Amresh's CA's} Draft of
> demand for Bank audit to be submitted to ICAI.- Further suggestions
invited.
> Â
> Yes Sir
> Â
> We are agree to the suggestion given.
> Â
> One more thing I may added , CAs are opening head office in
> non-cooling station for bank audit allocation but actually operating
from
> cooling station by opening branch either sometime declaring to
Institute,
> sometime not declaring to Institute.Sometime we are surprised how
Institute is
> approving a branch office in two different state with out taking a
member for
> that branch office charge for a proprietory firm.That thing should be
look into
> .Cooling centre if it is in existance should be revised , that firm
should be
> allowed for concurrent , revenue and stock audit.
> Â
> Â
> S Naik
> BANK
> AUDIT BACHAO ANDOLAN -Re: My Mail To President on Bank Audits- Every
one
> please mail and e
> Â
> Dear Members,
> Â
> The following e mail ID
> are of our beloved council members. Kindly mark your protest mail to
all. Use
> decent language and protocol be maintained because they really deserve
the
> same. I hope this BANK AUDIT BACHAO ANDOLAN shall surely result in
affirmative. Also don't
> forget to send the congratulations on 12th February to the new
President And
> Vice president.
> Â
> Â
> CA AMRESH VASHISHT,
> FCA, LLB,DISA(ICAI)
> Member,ICAI Committee
> For DIRECT TAXES 2011-12
> Member,ICAI Committee
> For Capacity Building of CA Firms 2010-11
> Moderator,http://in.groups.yahoo.com/group/ICAI_CIRC_MEERUT_CA
> 1 1 5, Chappel Street, Meerut
> Cantt, UP, INDIA.
> Â Phone: 0 1 2 1-2 6 6
> 1 9 4 6. Cell: 9 8 3 7 5 1 5 4 3 2.
> FOLLOW     http://twitter.com/caamresh Â
     ADD    Â
http://www.facebook.com/amresh.vashisht
> Â
>
> ________________________________
>
> From:RAJIV BANSAL
> rkbansal2004@...
> To: ICAI_CIRC...@yahoogroups.com
> Sent: Friday, February 10, 2012 5:29 PM
> Subject: Re: {Amresh's CA's} Re: My Mail To President on Bank Audits-
> Every one please mail and e
> Â
> Â
> Mr. Anuj is correct we must forward the
> all maid to All Central Council Member for express our view directly
instead of
> circulation among us.
> Â
> pls circulate the
> All Council members emails id for forwarding these mail to
them.
> On Fri, Feb 10, 2012 at 4:05 PM, ANUJ GUPTA guptaanuj_ca@... wrote:
> Â
> Â
> Dear All,
> Â
> In the mail on
> captioned subject it was asked to forward your mail to Mr. President
of ICAI.
> Â
> I have just done that
> and request you all to please forward your mails to all Central
Council Members
> to develop pressure.
> Â
> Please understand that
> there is will be no outcome of discussing this sensitive issue and
expressing
> your agony here only.
> Â
> Please mark C/C mail to
> all council members so that they should also know that what pressure
we are
> sustaining right now when our butter of practice
> is on stake.
> Â
> Â
> Â
> Â
> Â
>
> ________________________________
>
> Best Regards,
> CA. Anuj Gupta, Partner
> M/S Ram Kumar Gupta &
> Associates
> Chartered Accountants
> Â
> Â Â Â Â Â Â Â
------------------------------------------------------------------------\
------------------
> Â Re: {Amresh's CA's} BANK AUDIT
> BACHAO ANDOLAN -Re: My Mail To President on Bank Audits- Every one
please mail
> and e
> Â
> Dear Sir,
>
> Rather than asking all to mail on their own, a common draft can be
circulated
> which can be endorsed by other members to represent a unanimous /
majority view
> of the group. This would also ensure that the language used in the
mail is of a
> good standard.
> Thank you.
> ÂÂ
> Regards,
> Manish
> Iyer
> +919825286903
> ÂÂ
> AIISAA
> Promoting
> Global Reach
> www.aiisaa.com
> (Networking and KPO Arm of
> Sure Management Consultancy Limited)
> B-904,
> Fairdeal House,
> Near
> Swastik Cross Roads,
> Navrangpura,
> Ahmedabad
> -380009.
> Ph. +91-79-30475115
> Â
> In
> the backdrop of growing concerns about Branch audit, I wish to inform
members
> that almost all the firms, blacklisted by RBI in Harshad Mehta Scam
were
> represented in central council by their partners. I remeber one
council member
> was not in practice, so the central audit went to one of his close
associate.
>
> It is a matter of further indepth investigation as to how these firms
managed
> to
> get further Bank and PSU audits. Central auditors have already proved
their
> efficiency in various scams. In fact, most of the adverse comments of
branch
> auditors are ignored by central auditors and they are always there to
please
> Bankers.
>
> How Kingfishers and 2 and 3 G scam tainted loans were given clean
chits. How
> loans of housing companies are manipulated by granting fresh loans and
> adjusting
> against overdues. How loans are advanced and the same is taken back as
fixed
> deposits. Why central auditors and RBI turn blind eye to all these
bank
> sponsored, RBI approved and share market directed manipulations.
>
> So let us ask RBI and our council to objectively judge the performance
of
> central auditors and their own audit wing. Simply blaming branch
auditors will
> not help either banks or public at large.
> Fwd: {Amresh's CA's} All the
> Central Auditors of Harshad Mehta Scam were central council members.
> Â
> Dear Respected Member,
>
> We all understand the impact of the proposed RBI decision to restrict
the
> Branch Audits of the Bank. It is going to affect all the practicing
CA's
> including the C category firms.
>
> But, it is my honest opinion that we should avoid making sweeping
statements
> against the CENTRAL AUDITORS of the Bank. Please note that they are
just
> another auditors like other BRANCH AUDITORS..In fact , they have same
and equal
> responsibility towards the Branch they audit just like another Branch
auditor.
>
> I fully disagree with the statements made by you like :
>
>
> most of the adverse comments of branch auditors are ignored by central
auditors
> and they are always there to please Bankers.
> and that they turn blind eye to
> certain irregularities at the Head Office level.
>
> These allegations are absolutely BASELESS.
>
> By doing this we are dividing the members amongst ourselves, when I am
sure
> certain firms who are or have been CSA's of the PSU Banks are also
equally
> concerned about the stand taken by RBI.
>
> In fact the Central Auditors draw a lot of relief and comfort , just
because of
> the fact that the branches have been audited by their fellow members.
By the
> proposed scheme of things, the comfort level is going to drastically
reduce.
>
> So my dear friend , please do not make any distinction between the
central
> auditors and branch auditors. We all are same and we all are equally
affected
> and we all shall jointly take up the case at appropriate level.
>
> with regards
>
> CA PRASHANT TIDKE
> n    Â
> Regards
> Prashant Tidke
> Partner
> P.G. Joshi & Co.
> Chartered Accountants
> Pune, Mumbai and Nagpur
> Flat No.6, Janhavi Apartments, Bhonde Colony, Erandawane,
> PUNE 411004
> Tel +91 20 25424611 / 25424511
> n      Â
------------------------------------------------------------------------\
---------------------------
> Â sir,
> Â
> I think there should be separate leadership for category
> IV,if our leaders do not favour us.
> Â
> Â
> Thanks and Regards
>
>
> Sanjai Jaiswal
> Chartered Accountants
> Hardoi-241001
> Phone:05852-234301
> Mob.-09415167049
> Mail-sanaji301@...
> 09450862049
> Dear Sirs,
> Â
> I have been reading with interest
> the various e-mails regarding the Bank audit for the current year.
> Â
> To be frank with you, this trend
> which we are seeing now has been visible for quite some time
now
> atleast for the last 4 to 5 years or so. Instead of trying to
> understand the rationale behind it, all of us are trying to blame the
Council
> members and the Bank managements. With increasing implementation of
CBS and
> computerisation of branches, it was a trend visible everywhere that
Branch
> audits would lose some of its importance because of the increasing
trend
> towards centralisation of loan sanctioning, monitoring  and
documentation
> activity.
> Every year ICAI makes it clear
> that they only act as an agency for forwarding the list of eligible
CAs / CA
> firms. Nowhere do they guarantee that appointment letters areÂ
going
> to be issued.
> Â
> I personally feel that CAs will be
> lowering the dignity of their profession and of themselves as well
 if
> they go around talking as if the world owed them an appointment letter
for bank
> audit every year. Bank audit is not my birth-right enshrined in our
> constitution right ?? (with due apologies to Shri Balgangadhar
Tilak)
> Â
> Many CAs only viewed Bank audits
> as easy money. They would go to the branches, spend hardly 2 days on
the audit
> and sign off the Statements without even properly reading the Loans
and
> Advances schedule. Many just got their Articled Assitants to copy the
LFAR
> & Form 3CDs based on the previous year's  auditors reports and
sign
> off without bothering to even read what he or she  had
> written.
> Â
>  Is this the
> reason why there is so much HULLA - GULLA about bank audits.??
> Â
> If agriculture is indeed more
> profitable than CA practice, then the members should voluntarily give
up their
> practice and go and take it up. After all ours is a free country.
Nothing
> prevents a CA from giving up his practice to take up agriculture. In
fact it
> might be good for the food-security of our great nation.
> Â
> I am not trying to suggest that
> bank managments or RBI are saints. Obviously somewhere there is some
perverted
> logic being aplied by them.
> Â
> Thanking you,
> Â
> Yours sincerely,
> Â
> For E R S KUMAR
> & ASSOCIATES
> Chartered Accountants
> Â
> SATISH KUMAR K N
> Partner
> BENGALURU
> Â
> Â
> Â
>
> --- On Fri, 10/2/12, Pankaj Khandelwal pannkajkhandelwal@... wrote:
>
> From: Pankaj Khandelwal pannkajkhandelwal@...
> Subject: Re: {Amresh's CA's} CA Audit Practice: â€Å"Is It
Ta-Ta Bye Bye To Bank
> Audits?â€
> To: "ICAI_CIRC...@yahoogroups.com"
> ICAI_CIRC...@yahoogroups.com
> Date: Friday, 10 February, 2012, 11:10 PM
> Â
> I agree with the views
> of Mr S.Naik. We have to keep patience.
>
> Â
> Â
> PANKAJ KHANDELWAL
> (CHARTERED ACCOUNTANT)
> Reliance Infrastructure
> Limited.
> (M) 099939-87221.
> Â
>
> ________________________________
>
> From:Siddhartha Naik
> naik_dash@...
> To: "ICAI_CIRC...@yahoogroups.com"
> ICAI_CIRC...@yahoogroups.com
> Sent: Thursday, February 9, 2012 8:26 PM
> Subject: Re: {Amresh's CA's} CA Audit Practice: â€Å"Is It
Ta-Ta Bye Bye
> To Bank Audits?â€
> Â
> Â
> Dear Bargeshji
> Â
> Keep patience Sir , Everything will be alright
> Â
> Not getting Branch audit is not the end of practice field
> that we should tell everyone that doing agriculture is better than C A
> Prractice.
> Â
> S Naik
> Â
> From:t.p bargeshappa
> bargesh@...
> To: ICAI_CIRC...@yahoogroups.com
> Sent: Thursday, 9 February 2012 3:10 PM
> Subject: Re: {Amresh's CA's} CA Audit Practice: â€Å"Is It
Ta-Ta Bye Bye
> To Bank Audits?â€
> Â
> you are obsolutly correct, why you to practice this course only we
can apt for the job
> thereofre now new c a 's not comming for practice. in future no body
will study this course
> Â
> doing agruculture is better than this C A Practice in that
profession we will have better sleep and good health.
> Â
> bargesh  BARGESHAPPA AND ASSOCIATES CHARTERED ACCOUNTANTS NO. 56,
10TH CROSS, 2ND MAIN, OFF WEST OF CHORD ROAD MAHALASKHMIPURAM
BANGALORE-560086 TELEPHONE NO.23192533 FAX NO. 23190933 MOBILE NO.
9448070015 --- On Thu, 9/2/12, jitubabu . jitubabu@... wrote:
>
> From: jitubabu . jitubabu@...
> Subject: Re: {Amresh's CA's} CA Audit Practice: â€Å"Is It
Ta-Ta Bye Bye To
> Bank Audits?â€
> To: .com
> Date: Thursday, 9 February, 2012, 11:26
AMICAI_CIRC_MEERUT_CA@yahoogroups
> DO THE RBI CENTRAL AUDIT WITH C&AG STAFF.APPOINT 100 STAFF FOR CENTRAL
AUDIT OF PSU BANKS FROM C&AG IS ENOUGH.ALSO ABOLISH TAX AUDITS AS BEFORE
IN 1985. THEN PROFESSONAL PEOPLE ALSO EQUAL TO WHO DOING PRACTICE WITH
10TH CLASS QUALIFICATION.THE INDIAN GOVERNMENT ABOLISH
> ALL THE PROFESSIONAL INSTITUTES AND APPOINT OFFICERS FOR AUDITS ALSO
> FROM SSC EXAMS.OTHERWISE AFTER STUDING PROFESSIONAL COURSES THE
> PROFESSIONAL BECOMES USELESS DUE ABOLISHMENT OF AUDITS.THERE IS NO
> AUDITS NO ONE STUDY THESE COURSES AND STUDING ENGINEERING AND
PREPARING FOR SSC EXAMS. EASILY EARN MORE THAN IN THE PROFESSION.
> Â
> On Wed, Feb 8, 2012 at 6:34 PM, J P Agarwal jp.jpaca@... wrote:
> Â
> Dear Friends,
> I think lot have been said, when RBI governor comments came, when the
basic limit of audit was raised, when movement for centralized tax audit
was initiated.
> I am happy to note that there are many, who have the courage to
introspect and adopt the change if it comes, because it will open up new
alternatives in future.Â
> I have been against all reservations/ favours and believe that as a
service provider the value addition should justify our fees and work
entrusted with us and not mobocracy. Whenever, it happens, it does more
harm than gain.Â
> My firm category I, was not allotted bank audit last year though, we
were qualified and I new tapping some doors would have got me the audit
but I did not do it and started exploring other avenues and have been
successful in itÂ
> If we still keep sleeping, Â a day may come when tax audits may go
to other professions or dispensed off.
> We appreciate things which suits us and clap our leaders when they
talk so, without realizing if it is realistic or not.
> CA J P Agarwal
> J P Associates
> Chartered Accountants
> On 08-Feb-2012, at 3:16, "S" worldsbestca@... wrote:
> Dear All,
>
> I am sorry to see that there are just two responses to CA Vashisht
Amresh
> post "Is It Ta-Ta Bye Bye To Bank Audits?"
>
> He has raised very important concerns that have a bearing on each one
of us.
>
> Let us put our heads together and think, discuss and act, ie if we
want to
> survive.
>
> Is the luke warm response due to the fact that more and more , rather
the
> majority of CAs are now in service?
>
> Even if that were the case, let us spare a minute, a thought to this
> important facet of our profession.
>
> Other wise it is 'amen'.
>
> sanjeev josh llb, dmb, fca, mtax, irs
> Â
> Â
> Dear Members,
> Â
> Â
> The patient
> efforts of PDC are resulting in some relief. As per latest information
from
> reliable source, RBI has agreed for Rs. 20 Crore Advance for Bank
Audit. In
> this situation also, there is no hope for category IV firms. Category
IV firms
> shall remain in danger zone even if RBI agreed to Rs. 10 Crore Advance
Branch
> for Audit. The best solution to this situation is that for this year
the old
> system be restore and in the next year new policy may be taken up
after
> providing an opportunity for consolidations of firms.
> Â
> Â
> Kindly place
> the points for a common representation here so that members at large
can
> forward the same.
> Â
> CA AMRESH VASHISHT,
> FCA, LLB,DISA(ICAI)
> Re: {Amresh's CA's} Now RBI talks
> about 20 Crore Advance under Audit
> Â
> Dear Sir,
> being a category IV practitioner from more than 22 years,I have not
seen any effort of our LEADERS to promote our category ever,the majority
of CAs are in category IV.The partners in Nation building suffers a lot
pain from recession,big firm exploitations like Satyam,PEER
Review,MEF,CAG empanelment,CPE hardships.The latest confusing emblem of
CA with ICWA.
> I don't understand that what the approaches of our leaders/ Office
bearers? is it the right time to start a fresh union of category IV,
inspite of majority in number looking from few.
> God should empower them.
> Regards
> S.S.Srivastava
> Re: {Amresh's CA's} Now RBI talks
> about 20 Crore Advance under Audit
> Â
> Dear Sirs,
> Â
> There are hundreds of Gems in Category IV who have and will contribute
> lot of value to bank branches in statutory branch audit. Even in
category I
> (one) or Cateory II (two), when the question finalisation of LFAR and
Branch
> Audit Report (or) in taking judgements or in audit process, it is a
One Man
> Show ie., the incharge CA Â palys a key role in audit. Â Forget
audit or Fees
> or Categories, do not start discriminating CAs by branding
categories. or
> fixing quota system or drawing lines...ultimately our robust banking
system
> must continue healthier, CA profession to fly high and our
community must
> be happy.  Better restore old system at the same time  weed
out dummy
> empanelments (CPs who are in service), find a way out to encourageÂ
meritorious
> CAs whether they are in IV category or I (one) category giving them
the same chance
> and branch audit satisfaction this year and in future, they are a
definite inherent value addition in bank branch audits. Â Many
deliberations and refinements will be thought
> henceforth but do not break the  traditional system in a hurry
that is well acclaimed. Please continue same audit system this year
as well if not we are planting an unhealthyÂ
> risk audit  free banking system , a loophole all of a sudden. Â
Let the egos kept aside.
> One simple example. " If not statutory bank branch auditors are
effective, why theÂ
> branch managers or higher ups are paying so much respect and attention
to branch auditors??? Just Think"
> bye.
> Â
> Thanks and regards
> Â
> CA SSN Murthy
> Â
> Re: {Amresh's CA's} Now RBI talks
> about 20 Crore Advance under Audit
> Â
> Dear Member,
>
> Be united to protest for sake of public confidence in Indian Banking
> Sector due to statutory branch audit by us and also to save majority
> of SMP Audit Firms out of total practicing CAs.
>
> Make it Now or Never.
>
> Make representations and write to all forums including ICAI, Fin Min
and RBI.
> ca.dilipkhetan"
> ca.dilipkhetan@...
> ca.dilipkhetan@...
> Â
> Re: {Amresh's CA's} Now RBI talks
> about 20 Crore Advance under Audit
> Â
> I agree with the member's opinion that any change in the existing
procedure for alloting bank audits must be informed prior to the members
and they must be given an opportunity to change according to the new
guidelines so that members will have a time to mergers/constituition of
new firms and so.
>
> M. RAMA RAO
> CHARTERED ACCOUNTANT
> 4-1-24, KOTHAGRAHARAM
> VIZIANAGARAM - 535 001(A.P)INDIA.
> Phone : 08922-222574
> Mobile:
> 9440193250
> E.mail : rrmadipalli@...
> Re: {Amresh's CA's} Re: My Mail To
> President on Bank Audits- Every one please mail and express your conc
> Â
> I will not comment on Mr Abhisheks mail. Many will understand why
> I am taking this position.
> Â
> From:Brijesh
> Sent:Thursday, February 09,
> 2012 2:23 PM
> To:ICAI_CIRC...@yahoogroups.com
> Subject:{Amresh's CA's} Re: My
> Mail To President on Bank Audits- Every one please mail and express
your conc
> Â
> Â
> Are u Happy.
>
> --- In mailto:ICAI_CIRC_MEERUT_CA%40yahoogroups.com,
> ABHISHEK AGRAWAL abhishekca12@ wrote:
> >
> > Sir
> > It can't possible to check all things at centralised level inspite
of All
> > banks are working in computersied invireonment.
> > Further If Branch bank audit will gone they offered to CA's to
certified
> > their financial statement at very poor fees. But in all cases they
need to
> > certified their statemnet.
> >
> > On Wed, Feb 8, 2012 at 1:30 PM, K.Ravi kravi@ wrote:
> >
> > > **
> > >
> > >
> > > I had quite some time earlier responded to certain issues that
> surface
> > > in these groups. I had at that time suggested that we should
create a
> niche
> > > area for our practice and not be dependent on government for the
> rationing
> > > that they do through RBI, C&AG, etc.
> > >
> > > Some of you may not like this, but the BITTER truth is that the
> regulator
> > > and the Government want to keep away from rationing. We need to be
> > > accepting this fact. Look at what the RBI Governor said at the
WIRC
> > > conference on Bank Branch Audits.
> > >
> > > As far as our council is concerned , lets look at the major
> achievements
> > > of the President Ramasamy. The unique identity CA is now shared.
Bank
> > > Branch audits are on the way out. Independent regulatore are
> supervising
> > > the profession when the ICAI is supposed to be a self regulatory
> body, for
> > > Ex : SEBI looking at PWCs role as an auditor.
> > >
> > > If I become the President of ICAI, I will use that position to
create
> > > space for myself with Govet Bodies, ICAI, etc for my post
retirement(
> > > Retirement as President of ICAI) travel costs and earnings.
> > >
> > >
> > > Ravi
> > >
> > >
> > >
> > > *From:* vanshmehrotra@
> > > *Sent:* Wednesday, February 08, 2012 10:51 AM
> > > *To:* mailto:ICAI_CIRC_MEERUT_CA%40yahoogroups.com
> > > *Subject:* {Amresh's CA's} My Mail To President on Bank Audits-
Every
> one
> > > please mail and express your conc
> > >
> > >
> > >
> > > Dear All,
> > >
> > > I had sent below mentioned mail to president to wake them all up
and
> > > express our agony and worries when dignatories are busy in
> distributing
> > > softwares free of cost which are actually purchased on our cost
and
> > > boasting about recomending minimum fess in reality of which they
> didnt had
> > > guts even to make half recomended fees mandotry.
> > >
> > > Please mail directly to president to wake them up as its time they
> should
> > > feel what they are doing and what impact its making on common CA's
> life.
> > >
> > > Best Regards,
> > > VM
> > >
> > > Respected Sir,
> > >
> > > I truely honour and respect "esteemed institute" i.e ICAI
> but the way
> > > policies is being adopted in our institute and work is undertake i
> can
> > > forsee that in coming years the word esteemed may be eleminated
from
> our
> > > institute.
> > >
> > > Bank Audits and its fair allottmebt system is one of the key model
by
> > > which every practicing CA was getting his bread or may be
assurance
> for it.
> > > Because of it many of us had fair revenue degree of independence
is
> > > practiced in all audits.
> > >
> > > If this assignment is foregone then to i am afraid what will be
> happening
> > > in near future when people wont be having work then obviously they
> will be
> > > compromising with independence.
> > >
> > > RBI Governor need to understand that Bank Branch Audit is
essential
> as
> > > NPA's are being unearthed at branch level, I agree may be not all
but
> some
> > > which cannot be overlooked or ignored. Papers of loans cannot be
> audited by
> > > central auditor, actual vouching and relevance of stock figures
and
> > > insurance dates feeded in system with actual cannot be done.
> > >
> > > Please refer to below mentioned mail of Mr. Amresh Vashist who had
> raised
> > > fingures on all central council members and specially on
dignatories
> like
> > > you that you all responsible for this worst situation.
> > >
> > > Sir, at this time when our institute is shredding away crores on
> softwares
> > > that are not necessary and being available to members for free, i
> certainly
> > > feel that more emphasis should be laid foe fair allotment of bank
> audits to
> > > every firm as well as for other audits.
> > >
> > > Best Regards,
> > >
> > >
> > >
> My
> Mail To President on Bank Audits- Every one please mail and expre
> Dear All, I had sent below mentioned mail to president to wake them
all up and
> express our agony and worries when dignatories are busy in
distributing...
> vanshmehrotra@...
> vanshmehrotr... Feb 7, 2012
> 11:12Â pm
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> I had quite some time earlier responded to certain issues that surface
in these
> groups. I had at that time suggested that we should create a niche
area for
> our...
> K.Ravi
> ravik_54 Feb 8, 2012
> 12:18Â am
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> Sir It can't possible to check all things at centralised level inspite
of All
> banks are working in computersied invireonment. Further If Branch bank
audit
> will...
> ABHISHEK AGRAWAL
> abhishekca12@... Feb 8, 2012
> 3:34Â am
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> CA INSTITUTE ESTABLISHED BY INDIAN GOVERNMENT FOR PRODUCING
PROFESSIONAL DOING
> AUDITS WITHOUT GOVERNMENT INTERFERENCE. THE RBI ABOLISHING BRANCH
AUDITS
> NO...
> jitubabu .
> jitubabu@... Feb 9, 2012
> 12:05Â am
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> This will be very worst case if Category III and IV auditors are
debarred from
> bank audit.CA will not come in practice. Small and Medium
Practitioners will
> be...
> nirmesh rathi
> nirmeshrathi Feb 9, 2012
> 12:07Â am
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> All central council Members will get the bank audits but they were not
bothered
> about smal amd chota auditors, bettor we have to form as association
and
> fight...
> t.p bargeshappa
> bargesh@... Feb 9, 2012
> 3:42Â am
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> please dont talk of strike. There are far more decent ways of
expressing our
> displeasure. Boycotting programmes of Council members is one such
method.
> From:...
> K.Ravi
> ravik_54 Feb 9, 2012
> 3:42Â am
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> Bi cote CPE Hours & Seminars it is best way....
> Brijesh
> gujratibrijesh Feb 9, 2012
> 10:35Â pm
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> Sir, Our Institute, President, Council Members and PDC should come
forward to
> save the Small and Medium Practicing Firms otherwise the day is no far
when
> the...
> ca.dilipkhetan
> ca.dilipkhetan@gmail.... Feb 10, 2012
> 1:39Â am
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> SURPRISING AND AMZING. ... SURPRISING AND AMZING.  On Fri, Feb
10, 2012
> at 1:19 PM, ca.dilipkhetan < ca.dilipkhetan@ gmail.com > wrote: Sir,
> Our Institute,...
> Arvind Singh
> arvind.s.ca@... Feb 10, 2012
> 3:24Â am
> TATA
> BYE BYE Bank Audit irrevelant CPE Semianrs just think
> if Bank Audit not allotted what is use of CPE Seminars because no
SME's got any
> work from ICAI or CAG Panel and all the SME,s are mainly engaged in
Income...
> Brijesh
> gujratibrijesh Feb 9, 2012
> 10:35Â pm
> Re:
> TATA BYE BYE Bank Audit irrevelant CPE Semianrs just think
> all the council members are not worried for Small and Medium Size CA
> Practioner, they are worried only for their votes coz their firm are
> comparatively are...
> Kamal Taneja
> kamaltanejaco@... Feb 10, 2012
> 1:40Â am
> Re:
> TATA BYE BYE Bank Audit irrevelant CPE Semianrs just think
> who cares Kamal bhai? last year also I had said boycott the elections,
the
> optimal solution!  Warm Regards G Sabharwal & Company
> Chartered...
> CA. Sabharwal
> ca.sabharwal... Feb 10, 2012
> 3:23Â am
> Re:
> TATA BYE BYE Bank Audit irrevelant CPE Semianrs just think
> The thing is taht we are not united. All our so called leaders are
worried
> about VOTES only. They do not bother about small firms. they say we
are
> providing...
> bansalpiyush Feb 12, 2012
> 10:22Â pm
> Fw:
> {Amresh's CA's} TATA BYE BYE Bank Audit irrevelant CPE Semianr
> ... TATA BYE BYE Bank Audit irrevelant CPE Semianrs just think all the
council
> members are not worried for Small and Medium Size CA Practioner, they
are...
> CA M.S.BHATIA
> msbcabhatia Feb 10, 2012
> 3:24Â am
> Re:
> TATA BYE BYE Bank Audit irrevelant CPE Semianrs just think
> Absolutely right, that's why the situation arise. CA Pramod K Khemka
> ____________ _________ _________ __ From: Kamal Taneja
> <kamaltanejaco@ yahoo.co. in> To:...
> Pramod Khemka
> khemkapk Feb 10, 2012
> 3:25Â am
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> Are u Happy....
> Brijesh
> gujratibrijesh Feb 9, 2012
> 1:40Â am
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> added to my earlier views, I would like to add one more of the
achievements of
> this council. Please look at the way the Supreme Court slapped the
ICAI in
> the...
> K.Ravi
> ravik_54 Feb 9, 2012
> 3:42Â am
> Re:
> My Mail To President on Bank Audits- Every one please mail and e
> I will not comment on Mr Abhisheks mail. Many will understand why I am
taking
> this position. From: Brijesh Sent: Thursday, February 09, 2012 2:23 PM
To:...
> K.Ravi
> ravik_54 Feb 9, 2012
> 3:43
> IS
> IT TA-TA BYE BYE TO BANK AUDITS?
> IS IT TA-TA BYE BYE TO BANK AUDITS?  A worst situation has
emerged for
> the Bank audit 2012 assignments. It seems that there will not be
Branch Bank
> Audits... CA Vashisht Amresh-Mo...
> amresh_vashisht@yahoo... Feb 7, 2012
> 2:47Â am
> Re:
> IS IT TA-TA BYE BYE TO BANK AUDITS?
> Dear Amershji A mail I can sense from the bottom of your
heart. I can
> see the concern and anguish e3xpressed . We should introspect why this
is
> happening. ...
> balasubramanian natar...
> natrajbala Feb 7, 2012
> 3:25Â am
> Re:
> IS IT TA-TA BYE BYE TO BANK AUDITS?
> Respected Sir (s)  This is true that the RBI is taking certain
steps
> which would no doubt create a situation wherein there will be a dark
day with
> work...
> CA. Sabharwal
> ca.sabharwal... Feb 7, 2012
> 4:41Â am
> Re:
> IS IT TA-TA BYE BYE TO BANK AUDITS?
> Dear Colleagues, We need to think, introspect, do much more etc.,
etc., all
> this is OK. But at this point of time, we need to read the writing on
the wall.
> ...
> ANIL KUMAR S.C.
> anilkumarsc Feb 7, 2012
> 11:10Â pm
> Re:
> IS IT TA-TA BYE BYE TO BANK AUDITS?
> Dear All, Actually the system of assignment of Bank Audit itself
hindering the
> quality of Audit. One simple question, why not system of Allotment of
Bank
> Audit...
> snehal thakkar
> snehalca2004 Feb 7, 2012
> 10:56Â pm
> CA
> Audit Practice: “Is It Ta-Ta Bye Bye To Bank
Audits?Ââ€
> Dear All, I am sorry to see that there are just two responses to CA
Vashisht
> Amresh post "Is It Ta-Ta Bye Bye To Bank Audits?" He has raised very
> important...
> S
> worldsbestca Feb 7, 2012
> 1:46Â pm
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> Yes, the banks, rbi does not need t20 specialists auditors who only
look for
> the fees and say everthing is well in couple of days observations.
/visit.
>  In my...
> VCRKK
> vcramakrishn... Feb 7, 2012
> 11:10Â pm
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> Dear All, Change is the only constant. Bank branch audits is very much
> necessary but we need to prove that. My firm is a proprietary firm and
so I am
> one of ...
> FCA Manish
> cmanishiyer Feb 8, 2012
> 12:19Â am
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> Dear members, Isn't’ CA profession outcome of legislature,
to do financial
> audits accounting,tax planning and other such matters. The legislation
was
> made...
> govinda sharma
> noiv35 Feb 9, 2012
> 12:10Â am
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> Looking at & facing the corruptions around all of us, it becomes much
more
> crucial to get the bank branch accounts audited by us as before. Now
our
> honorable...
> msonthalia .
> msonthalia@... Feb 7, 2012
> 11:16Â pm
> Re:
> {Amresh's CA's} CA Audit Practice: “Is It Ta-Ta Bye Bye To
Bank
> Dear Friends, I think lot have been said, when RBI governor comments
came, when
> the basic limit of audit was raised, when movement for centralized tax
audit...
> J P Agarwal
> jpassociates... Feb 8, 2012
> 5:04Â am
> Re:
> {Amresh's CA's} CA Audit Practice: “Is It Ta-Ta Bye Bye To
Bank
> To my Friend Sanjeevji, Most of the professionals particularly in the
smaller
> places look to branch audits. They only crib privately, but do not
come out
> in...
> kravi
> ravik_54 Feb 8, 2012
> 11:56Â pm
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> DO THE RBI CENTRAL AUDIT WITH C&AG STAFF.APPOINT 100 STAFF FOR CENTRAL
> AUDIT OF PSU BANKS FROM C&AG IS ENOUGH.ALSO ABOLISH TAX AUDITS AS
BEFORE IN
> 1985. THEN...
> jitubabu .
> jitubabu@... Feb 9, 2012
> 12:05Â am
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> you are obsolutly correct, why you to practice this course only
we can
> apt for the job thereofre now new c a 's not comming for practice. in
future no
> body...
> t.p bargeshappa
> bargesh@... Feb 9, 2012
> 2:00Â am
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> Well it is unfortunate that all Ca brethren have taken such a drastic
view .
> There is still hope Sent from my iPad ... Well it is unfortunate that
all Ca...
> Partha Narayan
> parthanarayan Feb 9, 2012
> 3:42Â am
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> Dear Bargeshji  Keep patience Sir , Everything will be alright
ÂÂ
> Not getting Branch audit is not the end of practice field that we
should tell
> everyone that...
> Siddhartha Naik
> naik_dash... Feb 9, 2012
> 7:09Â am
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> Why say agriculture is bad than CA practice. Organized agriculture can
be
> comparable, if not better than many works. CA J P Agarwal J P
Associates
> Chartered...
> J P Agarwal
> jpassociates... Feb 9, 2012
> 7:23Â am
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> Does anybody have the list of empanelled auditors for RRB's...
> Partha Narayan, M. A ...
> parthanarayan Feb 9, 2012
> 10:33Â pm
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> I agree with the views of Mr S.Naik. We have to keep patience. ÂÂ
ÂÂ
> PANKAJ KHANDELWAL (CHARTERED ACCOUNTANT) Reliance Infrastructure
Limited.
> (M)...
> Pankaj Khandelwal
> pannkajkhand... Feb 10, 2012
> 11:55Â pm
> Re:
> {Amresh's CA's} CA Audit Practice: â€Å"Is It Ta-Ta Bye Bye To
Ban
> Hello I also agree with the views of Mr S.Naik & Mr Kapil Khandelwal.
> Please keep patience. Not getting Bank Branch Audit is not the end of
practice.
> It is...
> raajesh khandelwal
> raajeshkhandelwal@yah... Feb 11, 2012
> 4:52Â am
> Re:
> IS IT TA-TA BYE BYE TO BANK AUDITS?
> Dear Sir I am with you in total for your selfless cause of the
allotment of
> Bank audit. May i know ,why PDC is not sharing such an important
information
> about...
> CA. VINAY MITTAL, GHA...
> vncgzb Feb 7, 2012
> 11:15Â pm
> Fw:
> {Amresh's CA's} IS IT TA-TA BYE BYE TO BANK AUDITS?
>  ... the Bank audit 2012 assignments. It seems that there will
not be
> Branch Bank Audits for category III & Category IV firms this year. The
RBI
> has diluted ...
> CA M.S.BHATIA
> msbcabhatia Feb 9, 2012
> 12:03
> Â
> CA AMRESH VASHISHT, FCA, LLB,DISA(ICAI)
> Member,ICAI Committee For DIRECT TAXES 2011-12
> Member,ICAI Committee For Capacity Building of CA Firms 2010-11
> Moderator,http://in.groups.yahoo.com/group/ICAI_CIRC_MEERUT_CA
> 1 1 5, Chappel Street, Meerut Cantt, UP, INDIA.
> Â Phone: 0 1 2 1-2 6 6 1 9 4 6. Cell: 9 8 3 7 5 1 5 4 3 2.
> FOLLOW     http://twitter.com/caamresh Â
     ADD    Â
http://www.facebook.com/amresh.vashisht
>
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