BANK Audits No longer exists
BANK
Audits No longer exists
I remember
my first interview with the Auditor of NGK Associates of Secunderabad for the
post of Article Assistant. As my interview progressed I enquired about the
works The Firm has got for which the Auditor who is also my Interviewer
explained “the Firm is well flourished Bank Audits but the main emphasis is on project
funding . When I asked why not bank Audits are in focus the auditor
explained that for Bank Audits there is no future at all. The banks do not see
any special outcome or use arising from such audits hence outsourcing the Bank
Audits for outside will be forgone soon.
And now when
I came to hear that Bank Audits were gone!! I was quiet
amazed of the news The Auditor has well forecasted the same to me. Now the Bank
Audits which were carried by the Audit firms will now be handled by Bank
Auditors. The future work of CA firms will now be more grounded on Concurrent
Audits , Though the firms are not running low on works the opportunity
has shifted from outside to within the Inner limits of Banks
I hope ICAI
is looking on to this matter
looking to know more why bank audits are gone?
looking to know more why bank audits are gone?
With
regards,
Syed
Syed
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