Bank Audit Gone - Dil Hai Ki Manta Nahi.

When shall this fraternity believe the truth that their leaders has surrendered for the 20 Crores limit last year? The present council is the extension of old council. Very few council members lost on account of non performance. But who are there in the council were equally responsible for surrendering the bank audits last year. How they manage to get elected again is a billion dollar question. In fact our fraternity doesn’t take the right cause at the right time.

Our members are in pain and still under a dilemma that how can there be no bankaudit this year? This is a truth that we have to accept it.

In this year Bank Audit shall be as follows:-

1.   All auditors who are with the banks from the last three years shall get Bank audit this year.

2. There are no criteria for categories this year. As a thumb rule, all auditors who have yet to complete their four year term shall get the branch allotments.

3. There is no chance for any category who have completed 4 year term with banks last year.

4. There will be no chance for any category next year those are completing their 4 year term this year. This will go for next two years and all bank audits shall be vanished with an exception of leaders.

5. This is India; you can use your influence to get the audit even after completing 4 year term with any of the Bank as the empanelment list is common to all the banksand provided your area don’t fall under cooling regime. Central auditors can still play an important role in securing the audits.

(Mail from CA.Amresh Vashisht)

What our Elected Council Members are doing for our Profession?. Why Council member are not saying anything on this issue?. They are busy in selecting Vice Presindet, Chairmans, Branch Elections. ICAI Should have right to recall for elected Members.