Thanks for comments. Then when matter will come out of the Rugs? Never. It will deteriorate day by day. Our image will also go down!!!!!
This reminds me of my 0own experience of Revenue audit of Bank.Fees paid by Bank was Rs 3500 per Branch. The days taken for audit wee 2 to 3 days . The Manager of Audit allotment was screening my Revenue leakages were more than the fees at least!!! My recoveries were in Not less than Rs 10000!!!!!. Except one Branch where I tried to find more, it was a challenge by Bank Branch Manager and also staff , they were so calculatice and accurate no mistake found for 3 days any where in Branch!!!!
He was asking to other C A when coming to deliver their reports. They say Rs Nil. Rs 500 etc.
Always Fees paid is not material.
Your quality counts.
Regards,
Shah D J
On Saturday, March 7, 2015 4:03 AM, Saty Narayan Prasad <snpdca@gmail.com> wrote:
Most of the Professional hesitate in taking extreme steps, they preach and follow middle path, i.e. let the error be covered under carpet and earn your livelihood!
Shameless hypo-crate Indian?
Shameless hypo-crate Indian?
On Sat, Feb 28, 2015 at 5:50 AM, Dipakkumar Shah cadjshah@yahoo.com [TaxFinSoft] <TaxFinSoft-noreply@yahoogroups.com> wrote:
Good self comments. We are responsible for not doing proper Audit of Banks.Some time back I had given my own experience of End use of Fund by bank. In short let me tell you. Along with me there were more than 10 C A Firms of Ahmedabad doing same work of the Bank with different units. All other than me reported NIL qualification. Every thing fine and correct!!!!Mine was very difficult task . I reported over drawing the limit , penal interest of Rs 135000 / more than my fees paid. Some of the machinery were included in stock statement???!!!All other were there inn next year. When I inquired about my case , the officer of the Bank told me on face and bluntly that Bank do not require my services!!!!!!This is also other side. But I would say that come what may , you should do your duties diligently and fully.CAShah D JOn Wednesday, February 25, 2015 11:35 PM, "pvrg2000@gmail.com [ICAI_CIRC_MEERUT_CA]" <ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:
If all of us do an effective audit of banks, the banks will appoint few CA firms like LIC to do central and branch audits and done away with the headache of appointing many CAs in all over Country. It will come soon.Tell me which auditor firm had come out with serious qualification in bank and PSB audits? We are not doing the proper audit so every one is treating us like peanutsFailure of large borrowers coming out because the stress in this accounts were not looked by all audits in time and halted the quantum of failure
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Posted by: Dipakkumar Shah <cadjshah@yahoo.com>
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