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Friends!
NABARD has informed me that no Audit Fees for audit of DBC and UPCB has been prescribed by it.
Financial tenders/quotations from all the 3 empanelled firms will be called and work will be assigned to lowest quoting firm.
On the recommandation of ICAI, RBI is likely to withdraw rights of nationalised banks to appoint their auditors. The step is being taken after Satyam Scam.
Is NABARD awaiting for some scam in DBC too?
Regards!
CA.Jitendra Agarwal
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