@caanupam7 Ours is partnership firm , got the last bank audit in 2014, thereafter no bank audit is allotted to us, bz allotment process is not transparent
Urgent Call for Transparency in Bank Audit Allotments
The integrity of our financial system relies on the independence of auditors. Current feedback from the field highlights a worrying trend of "commission-based" allotments and intermediary influence that undermines professional skepticism.
To protect the nation’s financial health, we request the implementation of a foolproof, fully automated allotment system.
Our Proposal for Reform:
• Zero Human Intervention: A machine-driven process to eliminate "setting culture" and discretionary bias.
• Objective Selection: Allotments based strictly on firm seniority, partner experience, and geographical proximity.
• Restoring Merit: Ensuring deserving young firms are not excluded by a monopoly of "connected" firms.
• Professional Independence: Ending the commercialization of audits where fees are traded for assignments.
Let’s ensure that merit, not middlemen, governs the audit of our banking sector.
@SmalhotraRBI@RBI@RBIsays@CaHiteshm@BimalGST@akhilpachori@ruwatiaofficial@caparveensharma@RajeshSharmaBJP@RBI@theicai
Attached: AI generated image based on the matter above
@MCA21India dear sir as per csr proposal to amend section 135 applicability of csr on co having average profit rs 3 crores , whether this limit is effective now or its just a proposal. Or still rs 5 crore limit is applicable as on date