CA NeWs Beta*: Allocation of Concurrent Audit of Dena Bank

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Tuesday, June 5, 2012

Allocation of Concurrent Audit of Dena Bank


Dear Members,

                              We all have sent our resume by filing On Line application for Concurrent Audit of Dena bank
in April 2012.Yesterday,I have enquired about allotment of Concurent Audit which are due for allotment in
Ist week of June 2012. Through very reliable source, I have been informed that  branches eligible for Concurrent Audit
 in 2012-13 are only 11  in NCR region.All the 11 branches have been provisionally allotted to CA;s recomneded by
 officials of Finance ministry. Approximately 3000-3500 applications are sent by CA's in NCR region.

             So what is the need of asking application On Line when 11 branches in NCR regions And may be 95-100
branches all over India to be allotted to highly recomended CA's.Approximately 10,000 applications are sent On line.
9900 CA's firm are made fool this way.

                             In June 2012, Concurrent Audit of several banks are due for allorment.If allotment  is to made this
way,95% CA community will be derived of Concurrent Audits.5% of CA firms all over India, will be handling 
Concurrent Audit of the Nationalised Banks. I know several CA's firm enjoying 8-10 Concurrent Audits of 
Nationalised Banks.


                                                                               S.K.Mathur 

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