As per telephonic talk( 9.30am today) with CA Amresh Vashisht... The finance secretary in FINANCE MINISTRY has informed that they can not do any thing in the matter. It means ICAI's meeting with FINANCE MINISTER Sh. Parnab Mukherjee have failed.
RBI's proposal of auditing branches above 20 crore only seems to have been accepted by Finance Ministry.
In this way,out of 62000 only 7000 firms will get bank audit.
This is latest.
It has been advised that now only Political pressure can work.
Thanks.
CA M.S.BHATIA
1 comment:
OK THE BIGGER FIRM WILL ENJOY THE MEMBERSHIP IN COUNCIL AND THEY ONLY ENJOY ALL AUDITS. THEY KNOW HOW TO POLITICS IN INSTITUTE.
INDIVIDUALS AND SMALLER FIRMS WILL DO ATTESTATION FUNCTION AT LOCAL LEVEL FOR RS 500 OR 750
CA XAVIER RAJ,K
TUTICORIN- 628001
TAMILNADU
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