CAs are extended arms of banks, says Popere

Source: The Hitavada      Date: 13 Mar 2017 07:43:16

Business Bureau,

The month of April is going to be very tough for chartered accountants (CAs) as well as the bankers as they have to do a major task which will benefit the banking system and the society at large. The society has lot of expectations and confidence on the banking system for which CAs have to work with lot of social responsibility along with the professional. CAs should also work as a guide which will help the bankers to perform the work to the best of their abilities. CAs are the extended arms of the banks. This was observed by Chandrakant Popere, Deputy General Manager of Bank of India. He was speaking as the chief guest at the full-day seminar on ‘Bank Branch Audit’ organised by Nagpur Branch of ICAI.

Earlier, CA Abhijit Kelkar, Regional Council Member in his brief remarks said, the cooling period was applicable in 33 districts across the country. After the new amendment, cooling period is going to be applicable across the country and this will ensure equal distribution of audit to all firms across the country. It will create equivalent opportunity to all the CA firms.
CA Sandeep Jotwani, Chairman of Nagpur Branch of ICAI in his welcome remarks mentioned that another few days will be very tough for CAs because of March ending followed by Bank Branch Audit. “In a span of few days lot of things are to be completed by professionals. Such seminars will help our members to perform their duties to the best of their abilities,” he said.

CA Amarjit Chopra from New Delhi deliberated on ‘Audit of Advances,’ CA Ajay Jain from Gurgaon deliberated on ‘Restructuring of Advances and IRAC norms’ whereas CA Abhijit Sanzgiri spoke on ‘Bank Branch Audit under CBS Environment.’
CA. Umang Agrawal co-ordinated the inaugural session. CA Swapnil Ghate and CA Sanjay Agrawal co-ordinated technical sessions. CA Jaydeep Shah and CA Mahesh Rathi chaired the technical sessions. Present were CAs Julfesh Shah, Swapnil Agrawal and others.