Published On : Wed, Mar 27th, 2019

Bank Audit is a risky assignment but articles are the eyes of the Auditor.” CA Shriniwas Joshi

“Articles are the eyes of the Auditor” said CA Shriniwas Joshi, CCM, Mumbaiwhile speaking as a Chief Guest in Bank Branch Audit Seminar held at ICAI Bhawan for CA Students by Nagpur Branch of WICASA of ICAI. The aim of this seminar was to equip CA articles with provisions and procedures to be followed while doing Bank Branch Audits.

He quoted that the definition of success is different for different individuals but the long term goal should always be to gain maximum practical and theoretical knowledge during articleship training. He further elaborated that it is one of the finest opportunities of ones’ life and one should encash it thoroughly. He further prioritised the journey of articleship in the following ranks. First being working hard, studying and passing the exams. Second, doing right things at the right time. Third, taking out time to rejoice amongst friends and family. Last but not the least, to concentrate and devote time for personal growth.

The programme was graced by the Regional Council Member CA. Abhijit Kelkar, He praised the efforts of the WICASA committee led by CA. Sanjay M. Agrawal, Chairman Nagpur Branch of WICASA and congratulated them for setting up a benchmark as this being the first event of WICASA 2019. He further emphasised about the importance of Bank Branch Audit as it is an opportunity where articles are authorised to get a glance at the inside working of the bank which otherwise one would not be able to see while doing normal banking operations.

CA. Suren Duragkar, Chairman of Nagpur Branch of ICAI stated that “Irregularities can be pointed out in audit only when you have a thorough understanding of the provisions related to it and you are aware of the expectations from you”.He appreciated team WICASA for conducting seminar on such a crucial topic of Bank Branch Audit. Further he clarified regarding the postponement of CA Exams May, 2019 due to general elections. He congratulated Nagpur Branch of WICASA, 2018 for winning the Best Branch Award at the Regional Level. And also introduced the new WICASA Committee for the session 2019 to all the students and speakers present and wished everyone a happy learning.

CA. Sanjay M. Agrawal,Chairman of Nagpur Branch of WICASA, in his welcome address mentioned that articles are the back bone of an Audit as the primary verification is always done by them and findings of such verification play a virtual role in framing the audit report. We at WICASA planned to do such article development programmes which consist of academic as well as personality development. He also briefed the students about the upcoming events of WICASA being Industrial visit to National Stock Exchange and SEBI in the months of August. Keeping in mind as the tradition goes Nagpur Branch of WICASA always organises seminars on various subjects throughout the year and promised that in the current year WICASA team will continue the same and organise various seminars.

Speakers for the day, CA. Nitant Trilokekar from Mumbai guided students on the topic of Auditing in CBS Environment, CA. Govind Batra highlighted the provisions relating to verification of advances and prudential norms; CA. Yash Verma dealt with provisions related to Long Form Audit Report and Issues to be borne in mind while finalizing the audit report.

It was a jam packed session with more than 150 CA Aspirants.Prominently present on the occasion were CA. Kirit Kalyani, Vice Chairman of Nagpur Branch,CA. Saket Bagdia, Secretary and convenor WICASA Nagpur Branch, CA Jiten Saglani, Treasurer, of Nagpur Branch, CA Akshay Gulhane & CA Harish Rangwani, Executive Members Nagpur Branch. The seminar was ably conducted by WICASA Team comprising of Vice Chairman – Ayush Gupta, Secretary – Aditi Pacheriwala, Joint Secretary – Riddhi Kothari, Treasurer – Vaidik Sakoniya, Joint Editors –Ayushi Agrawal and Krunal Dhabale and Member R. Aishwarya.