Kolhapur Branch of WIRC of ICAI: March 2012

Saturday, March 31, 2012

EXPERT PANEL FOR ADDRESSING QUERIES ARISING DURING BANK BRANCH AUDITS

FOR THE ATTENTION OF THE MEMBERS – EXPERT PANEL FOR ADDRESSING QUERIES ARISING DURING BANK BRANCH AUDITS FOR YEAR ENDING 31ST MARCH 2012

Dear Members,

The bank audit season is around the corner. Given the fact that the banking industry is typical in terms of its geographical and customer spread, the volume and varied nature of products and services offered, coupled with the strict constraints for completing the audits, the members, many a times, face a lot of issues/ queries while conducting Bank Branch Audit. These could include determination of NPA status, implications of complicated data found in a branch audit, unavailability of any relevant RBI circular, implications of the requirements of an RBI circular, nature and adequacy of documentation, possible wordings of the audit report on some important matters in branch audit, issues relating to LFAR, etc.

With a view to support our members for fast resolution of such queries, the Auditing and Assurance Standards Board and the Committee on Information Technology are pleased to offer an Online support to our members from 26th March, 2012 to 10th April, 2012 for the bank branch audits for the year ended 31st March 2012. The queries can be sent at bankauditfaq@icai.org.

The Online support facility will be managed by an expert panel constituting the following members:

Panel Coordinators

CA Abhijit Bandyopadhyay, CCM and Chairman, Auditing and Assurance Standards Board

CA Atul Bheda¸ CCM and Chairman, Committee on Information Technology

CA Rajkumar Adukia, CCM, CA Manoj Fadnis, CCM, CA Jayant Gokhale, CCM, CA Sanjeev Maheshwari, CCM, CA. Shriniwas Joshi, Member, WIRC, CA. Mehul Shah, Member (IT Support)

Other Members on the Panel

CA Abhay Kamat, CA Abhijeet Sanzgiri, CA Anagha Thatte, CA Ashutosh Pednekar,

CA Dhananjay Gokhale, CA Dilip Dixit, CA Giriraj Soni, CA I.B. Sonawalla, CA. ketan Saiya,

CA Ketan Vikamsey, CA Makarand Joshi, CA Manoj Daga, CA Mitil Chokshi, CA Mrudul Gokhale,

CA Niranjan Joshi, CA Nitant Trilokekar, CA Parag Hangekar, CA Prakash Kulkarni , CA Ramesha Shetty,

CA Sandeep Welling , CA Sanjay Rane, CA Uday Sathaye, CA Vipul Choksi

The queries so received will be distributed amongst the members of the panel on random basis and they would reply to the same.

Disclaimer

Members may specifically be informed that the views expressed by the experts would be their personal views and not necessarily the views of the Institute of Chartered Accountants of India. The Institute or the members of the Panel, in any case, would not take any responsibility of actions taken based on such advice.

To enable us to serve you better, you are also advised to -

• Be brief but provide full information and facts.

• Do not mention the name of the Bank or Branch to avoid problem of violation of confidentiality.

• Avoid rejoinders, if possible.

• Do not send the same query twice.

• Draft the report on your own.

• Use your own judgment.

Source- ICAI

Thursday, March 29, 2012

Crash Courses for IPCC & Final Students

Kolhapur Branch is conducting Crash Courses for IPCC & Final students.

Subjects -
1. Financial Management/Management Accounting - CA Dilip Advani
Dates: 2,3,4,5 April 2012
Duration: 3 hours per day
Fees: Rs. 200/-

2. Direct Taxes - CA Nihar Jambusaria
Date: 7, 8 April 2012
Duration: 3 hours per day
Fees: Rs. 100/-

Students are requested to take benefit of the same.
To register, please contact Branch Office.

Tuesday, March 27, 2012

Newsletter - March 2012

Newsletter March 2012 Click Here

Monday, March 26, 2012

Additional Reading List of Books

With a view to encourage the students to evaluate their preparation for the examination; it is advised that in addition to ICAI study material they can also refer the books available in the market on respective subjects to supplement their preparation.

Accordingly, a list tilted ‘Additional Reading List of Books’ has been compiled by the faculties of Board of Studies and hosted on website.

Copy of list - Click Here

Wednesday, March 21, 2012

Public Program on Budget 2012

A public program on "Budget 2012" was organised by branch jointly with "Daily Pudhari" & "Tomato FM"

CA. V T Thakar lighting the auspicious Diya.

Also seen: (L to R) Vice Chairman CA. Shrirang Kulkarni, Chairman CA. Anil Jadhav, Speaker CA. Sanjay Vhanbatte & Shri Hemant Dalvi, Asst Manager(Advt) Daily Pudhari

CA. V T Thakar explaining Indirect Tax Proposals

Admit cards to candidates appearing in May 2012 Exams

Candidates who have applied for May 2012 Chartered Accountants exams are requested to note that admit cards with photographs and signatures of the candidates will be hosted on http://www.icai.nic.in generally 21 days prior to the commencement of the examination. Candidates may print their admit cards from the website, which will be valid for admission to the examination.

For downloading/printing of the admit cards from the website, candidates will be required to enter the following:

Student registration number or the bar code on the examination form and
Personal Identification Number (PIN) indicated by them in their application form.

Upon printing of admit cards, candidates are advised to verify the name, registration number, centre, medium, Group opted for accuracy.

In case of difficulty in printing of admit cards or any discrepancy in the data on the admit card so printed, candidates are advised to contact the Helpline of the Examination Department immediately, quoting their registration number, bar code number of their examination form and receipt number issued by the regional office(s), centre opted (with zone, if applicable), telephone number, fax number etc.

Help Line Telephone numbers: 0120 3054 851, 852, 853 or 835
Fax 0120 3054 841, 843
E-mail:
PCE candidates: pce_examhelpline@icai.in
IPCE candidates : ipce_examhelpline@icai.in
Final candidates : final_examhelpline@icai.in
CPT candidates : cpt_exam@icai.in

Errors if any, reported to the examination dept., in the data on the admit card, printed from the website, will be rectified and a letter by speed post/courier/email indicating the relevant change/correction etc will be sent to the respective candidates. However, such candidates may note that such corrections will not appear in the website.

It is seen that some candidates who submitted their exam forms on-line, did not send a print-out of their online exam forms, with their photographs and signatures duly affixed thereon. Admit cards of such candidates, hosted on the website, will not contain their photographs and signatures.

Such candidates are required to carry a photo identification i.e. voter’s card, driving licence, passport, identity card issued by College etc, failing which they will not be allowed entry into the examination centre. In case they do not have any of the abovementioned photo identity cards, they may get their photos attested by a Chartered Accountant or a Gazetted Officer and carry the same to the examination centre, as proof of their identity.

However, candidates may note that physical admit cards for May 2012 examination will also be sent to the candidates, by post. In case a candidate does not receive the physical admit card by post, for whatsoever reason, they can carry the admit card printed from website, which is also equally valid.

Examination Department