Dear Shri Rajeshji,
You are right. But I may tell you that you should ask the Management of Bank , before conducting audit meeting of Statutory Auditor is held . I think so. At that time your should also represent this Log in problem and time constraint and other issues.
When such representation is made at the meeting , management also tells you to approach the higher authority from the Branch itself.
This reminds me a case of one branch where for documents verification we had been kept waiting till 3.30 every day for 2 days . When at 3.30 told to Branch Manager he shows the reasoning that cash and all transaction is over safe is closed!!!! Now what to do ? Believe me after second day I discontinued the Branch Audit. Came back to Ahmedabad. From Ahmedabad I wrote a letter to the Regional Manager stating all these facts in two pages. 3 days later there was a call from Regional Manager that I should start Audit. If again there is a problem let us know from the Branch itself. The other day I visited the Branch in the Morning all staff members were in front of door to receive me and told me that I did gave good treatment to the Branch Manager which was required and no body could do !!!!!.
So never think negative. You are doing best Job for the Bank . This is how the Management of Audit work is required.
Small branch allotment and other issue to be considered. But this reason should be also disclosed to Bank Management .
The limitation of number of days as told to Auditor should not be a constraint at all. You should not think for number of days at all.
Good luck.
Regards,
Shah D J
On Sunday, 1 February 2015 11:55 PM, "'Rajesh Gupta' rajesh100gupta@yahoo.co.in [ICAI_CIRC_MEERUT_CA]" <ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:
Dear Members,So Many things reflect the audit report in case of bank BSA's mainly these reason:1. System login problem i e no login id provide by bank to auditor. (that depend of bank staff during the audit period)2. Time limit 10 days for three branches.3. Third most important is – freedom of auditor appointment ; if any auditor found any major arrear then next time bank given so small or nil advance branch for audit.So RBI taken the such condition also.CA. Rajesh GuptaChandigarhFrom: ICAI_CIRC_MEERUT_CA@yahoogroups.com [mailto:ICAI_CIRC_MEERUT_CA@yahoogroups.com]
Sent: 02 February 2015 10:16
To: ICAI_CIRC_MEERUT_CA@yahoogroups.com
Subject: Re: {Amresh's CA's} Re: {Amresh's CA's} First Leasing: RBI, internal auditors did not flag any wrongdoing, says auditor | Business LineDear Members,RBI inspection,investigation can discover frauds.Financial audit is not for discovering frauds.Tax audit report and cost audit report,secretarial audit alsoAre not for shareholders inspectionRamachandran M
Sent from my iPad
On Jan 31, 2015, at 19:47, "Dipak Shah djshah1944@yahoo.com [ICAI_CIRC_MEERUT_CA]"<ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:Dear Annaji,All goes together . Nobody can blame others. At every stage one should work as professionals. Unlike , just now said by R B I , on points of Bank Audits? C A are failed and R B I Investigators get success.At every year Auditors should look for back years and also see the ways and means and way of working in every matter fully. For all these years it can not failed!!!!It is 2000 to 2014!!!!Take the case of Ratnamani Engineering Limited in 31.03.1994 !! The same Auditor Reported in Tax Audit Report the income shown as Real income and allowed Company to pay dividend out of mere book entry of profit !!! At the same time in Tax Audit Report the same mere book entry of profit was deleted as Profit Taxable under Income Tax !!!In the same way in another Company well known big name cultured name benind, Rs 300 crore loss was wiped out by mere book entry of profit of Rs 325 Crores by transfer of assets Holding company to subsidiary company.!!!!!!!!!!!Such bad practices will be out shortly when I will file a petition in CLB for Members as a Right to see and inspect the Tax Audit Report along with Published accounts are sent to shareholders and right to have Tax Audit report. This will restrict the Bad Practices by Companies.
The defense point taken is surprising !!!!Regards,Shah D JOn Thursday, 29 January 2015 4:05 AM, "Ramachandran Mahadevan ramachandran.mahadevan@gmail.com [ICAI_CIRC_MEERUT_CA]" <ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:
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Posted by: Dipak Shah <djshah1944@yahoo.com>
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