Dear Members,
Our Institute is tackling this issue very effectively.
Government has already accepted the necessity for more audit
of bank branches.
Management,Directors and Governance Members are not
knowing the value of audit.Hence the status quo was not
maintained.
ICAI should educate the various stakeholders of our services
at all levels regarding,audit, accounting standards,audit
standards etc, immediately at various places to
remove the hostuilty towards audit and audit fees.
The example of some of the foreign institutes in
this regard can be followed with awareness
programmes for stakeholders and necessary
inputs for them at CA Institute website for
various stakeholders.
Ramachandran M
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