ICAI clarification regarding news on Bank Branch Audit Limit.

Print Posted Date : 13-Jun-2013 , 12:36:52 pm | Posted By CASANSAAR

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June 12, 2013

ICAI PRESS RELEASE

The Institute of Chartered Accountants of India (ICAI) woild like to clarify that the present limit for Statutory Bank Branch Audit is still Rs. 20 crore (of advances) and not Rs. 50 crore as being erroneosly reported in some sections of the media. This is to inform that concerted and strategized efforts are being made to convince the Government to reduce the limit to Rs. 6 crore, in public interest.

Category : ICAI | Comments : 3 | Hits : 2824

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vinay

13-Jun-2013 , 02:20:52 pm

it should be 6 crores for rural branches, not for all branches

CA.Subhash Chandra Podder

13-Jun-2013 , 07:11:14 pm

Why you are unable to sent message / discussions etc . with the various authority ( S ) to the Members ? Sending SMS alert / Email/ The Institute is earning lot on various sources/ and lavishly spending , it are responsible to the Members . I can say you, you do not have any guts to make conversations with the Finance Ministry/ RBI. Why you are making scapegoat to the MEDIA. and other web-sites.

JAGDISH GUPTA

20-Jun-2013 , 02:05:50 am

CAs need participate in profession building-up and enrichment process vis-a-vis strengthening the Institute Body. We all wait and watch for what the ICAI is doing for us in terms of new and enlarged opportunities - but very few of us would stand-up and join our ICAI representatives in strongly pressing our point like this one with RBI or Ministry or with other relevant forum. We should also contri