Group to provide views and suggestions to Working Group on Revision in norms for Empanelment of Statutory Auditors and other issues related to appiontment of auditors in public sector banks

4^th January, 2012

 

To

 

          All Members of the Council

 

Dear Sir/Madam,

 

As you are aware, the Reserve Bank of India (RBI) has set up a Working  Group on revision in norms for Empanelment of Statutory Auditors and other issues related to appointment of Auditors in Public Sector Banks.

 

The first and second meetings of the Group was held on 16^th December, 2011 and 3^rd January, 2012 whereat the ICAI’s views and suggestions were articulated by CA. Amarjit Chopra, Immediate Past President, CA Jaydeep N. Shah, Vice-President alongwith CA. Pankaj Jain and CA. Jayant Gokhale, Council Members. The next meeting of the Group is scheduled for 16^th January, 2012 wherein the ICAI’s final views and suggestions are required to be placed.

 

With a view to formulate the ICAI’s viewpoints and to provide the required/desired information/details to the said Working Group, the President has constituted a Group of Council Members with the following composition :

 

          CA. Amarjit Chopra, Immediate Past President – Convenor

          CA. Jaydeep N. Shah, Vice-President

          CA. Pankaj Jain

          CA. Abhijit Bandyopadyyay

          CA. S. Santhanakrishnan

          CA. Manoj Fadnis

          CA. Nilesh S. Vikamsey

 

CA. Namrata Khandelwal, Secretary, PDC, would act as the Secretary to the Group.

 

The President has requested the Convenor to submit the Group’s recommendations as early as possible.

 

Yours faithfully,

 

 

(T. Karthikeyan)

Secretary