> > Dear Collegues, > > > > Guardians/Parents of any family look after each and every members of the > family. > > If one 'Roti' is there, it is distributed among all the members and in such > distribution, attention is paid on the youngest most member such that he/she > is not slept unfed. > > > > In our Institute, the Council Members are our Guardian/Parents and they have > to pay role in the similar manner. > > > > By classifying the C.A. firms in four groups and distributing Bank Audits in > the larger C.A. Firms of Group of I II will not be a justice to Group III > IV Firms which form majority. Can Institute run with Group I II Firms only > ? > > Who will serve in small towns and remote locations ? Whether Big Firms are > prepared to migrate to take care of the audit requirements of the Society > there ? > > Prosperity comes when the smallest unit does the progress. India prospers > when its villages make progress. The upliftment must start from the lowest > level. > > > > Every audit does add the value. It is incorrect to say that the audit of > bank branches are going without value addition. There are many areas in the > Bank Audit and all those are being taken proper care of my the Audit Firms, > whether it may be a amall or a big firm. Under the time constraints, An > Auditor always tries the do justice with it. Any C.A. or Auditing Firm is > always in a role of friend, philospher and a Guide for its Auditee > Organisation. Every C.A. gives the maximum possible to it to justify its > remuneration what it gets as a return of his invaluable services. I > personally tell that I enter the Bank before 10.30 a.m. and there is no time > to leave may be 10.00 a.m. or 12.00 p.m. or even thereafter during audit. > This routine continues for three or more days of auditing a a bank branch. I > take care of various area involved in bank audit to see that there is > complaince everywhere. Guidance is frequently done so that the things are > improved. If > R.B.I. says that there is no value addition, I find it is assessing only > one area, that is 'Asset Classification'. If an Advance was N.P.A. as on the > Balance Sheet date i.e. 31st March, but was not so done or escaped due to > any reason, but was so classified later on before the finalisation of audit > say in the first week or second week of April, whether it will make much > difference ? To judge any Bank Audit by the entries in M.O.C. is not a good > parameter. Then every Audit Reports speaks in clear terms that the > Managemnet is primarily responsible for the financial statements that have > been audited by the Auditors. Today is a time of C.B.S., when the reports > are generated through the System itself. For System we provide the > criteria/parameters. An Auditor has to examine in the given time frame that > there is no mistake prima facie. If R.B.I. finds that there are many bad > Accounts, which are not unearthened by the Auditors so, finger should be > raised on the > Management first. An Auditor's approach should not be suspicious, otherwise > there will be tension and tussel from the initial phase between the Auditor > and the Management and non-co operation and resistence will develop from the > intial phase of audit,; no audit can be performed or finalised in this > situation. > > > > A proprietory firm, individual C.A. finds it difficult to survive as it is > since for every work, every small bank branch wants big C.A. Firm to be its > Auditors. A Branch having 10-20 Crores of Advances prefers Firm of C.A.s as > Concurrent Auditors, which can easily be handled by a single C.A. with great > proficiency. Whether two or more C.A.s will occupy the Branch whole whole > day with their Audit Assistants for doing Concurrent Audit with fees of Rs. > 8-12 thousands a month ? A Firm of 4 C.As. will divide among them the > various fields e.g. Audit, Accounting, Income Tax, Finance, Company Law > Matters and so on but two or more C.As will not poke their nose in the same > field since it will give rise to unnecessary discussions and delay in taking > decisions and this will make the delayed submission of Audit Reports every > month. > > > > A single C.A.(Firm) has many merits over the giant fims in terms of > responsibility, Accountablility, Planning, Decision Making and so on. > > > > Only the C.A. sitting under same roof can be of better use or sitting in > scattered Offices may not be of much help for the Firm since each C.A. has > to entertain its clients coming to his/her Office. Jointly handling of > assignments can be secondary and not their primary responsibility since > every one has got its clients and work coming to his/her Office. > > > > C.A. firm is not a unigue creation, it is only the group of C.A.s, they do > not possess any divine powers by forming a Firm on Papers. The Firm has the > value that of Paper only. This is not a guarantee of united thinking, > planning, execution and disposal. Every day firms are braking and > consolidating. Why this is so ? Only for taking pecuniary advantage ? > > > > Even a smaller firm can take guidance, services of other C.As if required. > Only VLB can be entrusted to big firms if they work unitedly, but all others > branches can be entrusted to any firm without any discrimination since all > are capable enough, all are responsible and know how to execute their > assignment. > > > > Every year we visit a Bank Branch for auditing, B.M. say the previous > Auditors gave lesser time and troubled less. This is with a view to lowering > down the morale of the Auditors. But We know our work and the way to execute > it so our work is not affected by their such type of versions. Management > pressure to complete the Audit is always there, but we know we have to cover > the whole area of our assignment and we know we have to do justice with our > work, remuneration is secondary. Even for small branches, we do not spare > any area of audit. Since many many years the fees of Concurrent Audit and > Revenue Audits have not increased (logically increased), yet we justify our > work and justy ourselves not paying attention on the remuneration but the > work with which we are associated. Audit serves its purpose of having check > on the moral of the Auditee. Only due to audit, the Records and Returns are > completed and corrected. > > > > Some Capitalist pattern is prevailing and big firms are getting bigger and > small even smaller. There is a need of uniform distribution of audit > assignments among all the firms. 'Centralised Authority' which can work > independently and impartially for every tuype of audit assignment is a must. > Else new comers will be badly discouraged and no one will take risk of > practice. > > > > Bank branch Audit is the only work is was being to masses with the efforts > of I.C.A.I. If this is also not there, from where a C.A. will fulfil its > liabilities ? Even the annual fees will be proved a burden. > > > > If the criteria is Advances of 100 Crores, no matter, distribute the > Branches among masses without any discrimination in a rotaional manner to > meet the ends of justice. If the interest of small and weak firmns are not > taken care of, we find there is no guardians/parents on us. > > > > Wishing all the very best. > > > > Regards, > > CA. A.D. Vidyarthi > > 94251 50630 > > > > > > > > > > On Mon, 20 Feb 2012 17:16:57 +0530 wrote > >> > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > Dear Members, > > I am sure no member of the group has any doubt on sayings/messages ofShri > Amresh Vashisht under whom we are all enriching ourselves. > > Shri Amreshji"s efforts in getting the ICAI annual report available to all > > withina few days is super excellent > > Circulating Direct Tax Committe"s achievements and links alsohelps many in > the group. > > I also appreciate the efforts of Shri Santhanakrishnan and > > the mail to Shri Subba Rao being circulated in the group. > > Members participation in the group awakens ICAI. > > Warm regards > > Ramachandran M > > > > > > On Sun, Feb 19, 2012 at 9:28 PM, CA Vashisht Amresh-Moderator wrote: > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > Now no one should be in any doubt about my saying. Just go through the > galaxy of leaders who were there in the meeting with RBI and note down the > writing of a senior council member.As per him, > > > > > > " > Dear Subba Rao, > > > > I thought I will share with you and your friends the presentation that I > made to RBI for Bank Branch Audit. Reserve Bank of India (RBI) has been > contemplating to reduce the bank branch audit and making it mandatory only > to those branches with Rs.100 Crores and above advances. > > > > > > President, Vice President, myself, Mr.Amarjit Chopra Mr.Pankaj Jain had > the opportunity of representing this issue to the RBI. President had given > me the opportunity to prepare and make this presentation, which is enclosed > for your kind attention. > > > > > > It will also help you to talk to your influential friends to make them > realize how important bank branch audits are and to see that the message > goes across from all sections. > > > > >
-- CA Atul Kumar Khemka Chartered Accountant 23, Business Plaza, 6, Farmland, Ramdaspeth, Nagpur - 440 010 Ph. 0712-2439310 (O), 2541109 (R) Email - [email protected] -- You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/skorydovmytaxassistant?hl=en.
