Genuine CA in practice shall have more than 5 branches if we can clean these fake firms

Comments by  CA AMRESH   VASHISHT   ( Member of Direct Taxes Committee of ICAI) :-

 

"Our PDC committee is working hard for the empanelment especially the Statutory Bank Audits. Are we happy with them? Certainly Not, because PDC has totally failed to detect the cases where members at large are in service and doing the Bank Audits. You will be happy to know that every genuine CA in practice shall have more than 5 branches if we can clean these fake firms . There are about 32000 CA Firms.Out of 32000 , at least 12000 firms shall be eliminated if we can vouch our own firms. There will not be requirement of any empanelment if we can sincerely work for the elimination of bogus firms created only to fetch the bank audits or to upgrade the category."