IDBI Bank Invites online Applications for Emplanelment of Concurrent Auditors

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IDBI Bank invites online applications from practicing partnership firms of Chartered Accountants within India, in the prescribed format, who are willing to have their firms empanelled as Concurrent Auditors of the Bank.

The online system shall be available on the Bank’s website from 18.01.2021 to 05.02.2021 for allotments to be made in future. 

CA Firms already empanelled with the Bank before June 2020 also need to apply again as fresh application

Eligibility Criteria:

  • It should be a partnership firm of Chartered Accountants. 
  • The firm should have standing of minimum five years for audit of branches. 
  • Preference shall be given to the firms where the partners themselves were ex-bankers or the firm has got tie-up with ex-bankers with requisite experience and exposure, the firms having qualified Information System Auditor (CISA/DISA) with necessary exposure of systems audit and CA firms wherein partners have completed the ‘Certificate Course in Concurrent Audit’ conducted by ICAI.
  • It is to be ensured that the audit firm or any sister / associate concern are not conducting the statutory audit of the Bank or any of its branches. 
  • The firm should have necessary exposure in conducting Concurrent Audit of the Bank branches for a few public sector / major private sector banks. 
  • The firm should have necessary office set up and adequate personnel to ensure proper deployment and timely completion of the assignments.

Pre-requisites:

  • Kindly use latest version of Google Chrome Browser, as Chrome supports the site in the best manner. Please clear the browsing history and cookies before applying.
  • Please keep the documents/ information as mentioned below in readiness before starting to fill up the Application Form: 
      • Firm’s PAN Card 
      • Latest Firm Registration Certificate issued by ICAI (Firm card will not be accepted) 
      • Updated profile of the Firm 
      • List of Partners mentioning name, membership number and signature of all the Partners 
      • List of branches of the Firm 
      • Details of Partners like Membership number, PAN Card of the Partners 
      • Firm Constitution Date 
      • RBI Unique code 
      • GST Number 
      • RBI Category 
  • All the documents which are to be enclosed while applying must be duly signed and stamped by the Authorized Partner.

Link to Apply : Click here

[Source: idbibank.in]

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