bank audit - Page 8

Transparency required in allotment of PSU & Bank Audit

Arbitrary criteria exist for the allotment of audit of public sector units. Every department made their own different rules and conditions for appointment though there is existence of ICAI Multipurpose empanelment form (MEF). There is something which is hidden and not transparent....

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Posted Under: Income Tax |

Cost Accountant Firms panel creation for Stock / Concurrent Audit

Creation of a panel of Cost Accountant Firms for sending to RBI for its consideration for Stock / Concurrent Audit in the banks. A panel consisting of list of eligible Cost Accountant Firms would be formed and sent to RBI so that they may examine and consider the same for recognizing them for audit work in banks in India....

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Posted Under: Income Tax |

Reference Material on Bank Branch Audit for Financial Year 2009-2010

Download Reference Material on Bank Branch Audit (2009-2010)...

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Posted Under: Income Tax |

Govt asked UBI to get all its branches audited for high-value transactions

Taking a serious note of Union Bank of India (UBI) not reporting high-value transactions to it, the government has asked the state-owned bank to immediately carry out an audit of all its branches to check for such large deposits that have gone unreported.The Income Tax department, during a probe into alleged money laundering by former Jha...

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Posted Under: Income Tax |

Madhu Koda associate deposited 640 crore cash in one branch of Mumbai bank

This seems to be the biggest slip by an Indian financial institution which is supposed to maintain heightened vigilance on suspicious and high-value cash transactions. At least Rs 640 crore was deposited in cash by one of the alleged front companies of former Jharkhand CM Madhu Koda in a state-owned bank in Mumbai. The bank failed to trig...

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Posted Under: Income Tax |

Bank Audit Empanelment by ICAI for 2008-09

ICAI – Announcement Announcement reagrding MEF for the year 2008-09 *Multipurpose Empanelment Application Form for the year 2008-09* Multipurpose Empanelment Application Form for the year 2008-09 is expected to be hosted on 15th June, 2008. *Everyone is advised to check their last year’s data and fill in all the blank columns ...

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Posted Under: Income Tax |

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