Bank Audit Update - Total Number of Bank Branch Auditors Appointed and Total No. of Branches Audited

Bank Branch Statutory Audit Update - Total Number of Bank Branch Statutory Auditors (Category wise) Appointed and Total Number of Bank Branches Audited discussed by CA.Vivek Khurana.
Bank Branch Audit Update.
Total Number of Bank Branch Statutory Auditors Appointed :-
- Individual Bank Wise Detail,
- CA Firm Category Wise Detail.
Total Number of Bank Branches :-
- Audited (Bank Wise Detail)
- Un-Audited.
Bank Branch Statutory Audit by PSU Banks:-
Bank Of Baroda,
Bank Of India,
Bank Of Maharashtra,
Canara Bank,
Central Bank Of India,
Indian Bank,
Indian Overseas Bank,
Punjab & Sind Bank,
Punjab National Bank,
UCO Bank,
State Bank Of India,
Union Bank Of India.
Total Number of Practicing CA / CA Firms & Audit Allotment:-
DISCLAIMER :-
This Video is for the purposes of information / knowledge and shall not be treated as solicitation in any manner or of for any other purposes whatsoever.
It shall not to be used for any legal advice /opinion and shall not to be used to rendering any professional opinion. Viewers are advised to kindly go through to original Government publications / notifications and published case laws or judicial pronouncements.
The statements and opinions expressed in video are those of the speaker and do not necessarily reflect those of the CA Sansaar or any of its employees. CASansaar Team does not take any responsibility for the views of the Speaker.
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[@bhuptanidivyesh]

Statistics shows that it is useless to form a big partnership firm if you want to get bank branch audit. Further statutory central auditors use to keep top 20 branches with them (as they are not satisfied with remuneration they are getting as a central statutory auditor. At present most of the branches are allotted through "DALAL" system. In past i got many calls from such dalals for branch audits. I did not respond them. however i am not getting branch audits (eventhough my firm is falling under cat 1) since last more than 5 years that is also bitter truth.

[@chartered.ashutosh]

True Sir, Facing same 😢

[@bhuptanidivyesh]

@@chartered.ashutosh oh my god

[@ramakrishnagunde404]

Then what about Cat III & IV firms

[@ps-gh3hu]

I think you guys should bring this to the attention of the RBI, president of India, c&ag, fin minister.
President, c&ag, and the fin. minister are taking assurance very seriously for the next term/ decade. No more hide& seek. No more passing the buck.
I am sure they will benefit from your inputs.

[@chartered.ashutosh]

Year to year branches for audit decreasing as data shows.

[@vishwanathmane3169]

What to do so proprietary firm atleast get RBI category so we conduct atleast co operative Bank audit, concurrent audit, stock audit etc. Now we are not eligible for apply also. We assure to someone who makes this policies we are not going to compete in your race to get statutory audits.

[@rishikeshbhardwaj5640]

At present most of the branches are allotted through "DALAL" system. In past i got many calls from such dalals for branch audits. I did not respond them. however i am not getting branch audits (even though my firm is falling under cat II) since last more than 5 years that is also bitter truth.

[@ps-gh3hu]

Why not report to RBI, president, c&ag & fin minister?

[@sprdpi]

Thanks for a good analysis. Hope more branches will come under audit scope Warm regards CA Ramesh SP

[@savreenthukral4032]

🎉🎉thanks for information 🎉🎉

[@Pooja35229]

Thanks for the video #casansaar

[@satutimahajan3927]

Thanks 🙏

[@CARKInani]

Bank Audit is now available on All Time High Price range only. Seems to be impossible to be allotted in Routine manner from last Few Years. All know, many involved but no one speaks.😉

[@bhuptanidivyesh]

Very true

[@meetmehta2192]

Sir your point is valid but most branches are already under concurrent audits also internal audits so statutory audit requirement gets reduced that being said more statutory audits will be a welcome measure to improve overall audit quality

[@ps-gh3hu]

Also current fees structure, it's financially not feasible to comply with all technical standards.
Duniya ke sare procedures karne hai, expert opinion chahiye, Sab logo ke sath corroboration bhi hona, engagement partner hona, review partner hona, qualified team members hona. But fees 40-50k 😢
Mr kotak also raised this point with NFRA. Audit assurance in India is a joke.

[@ps-gh3hu]

Also in Karnataka state, lot of pressure to give quick clean report. Otherwise no reappointment is state-govt/ inst/ org audits. I think such matters to be reported to president & c&ag office. In coming years there will be lot of stress on financial system of India. Audit/ assistance going to be critical defence. Some people in greed for kickbacks are making mockery of this important function.

[@dampuruvenugopal9373]

Sir tell us about 2024 audit information when we'll get information

[@vivekkhurana4774]

Very soon

[@srinivasjagadish5633]

sir thanks for information

[@sehj13]

Dear, who r these dalals. From ICAI Or Banks.

[@bhuptanidivyesh]

Of course from bank.

[@RS-cl6vk]

From ICAI too

[@RS-cl6vk]

D se Dalal .....🤫 IYKYK

[@bhuptanidivyesh]

@@RS-cl6vk oh my God!!!!. ......and ICAI asks us to follow ethics

[@rkv9471]

@@bhuptanidivyesh No ethics in India in any walk of life now a days. Those days are gone

[@sudeshkumaraggarwal415]

Sir, I feel that weightage should also be given for deposits also while deciding Statutory Audit requirements. Audit of deposits is equally important as for advances.

[@GauravSharma-se6xq]

From where we get all these details

[@casansaarca]

RBI Site