Empanelment of CA Firms for Concurrent Audit of State Bank of India

Empanelment of CA Firms for Concurrent Audit of State Bank of India: Applications are invited from Chartered Accountant Firms for empanelment as Concurrent Auditors in the Bank branches / CPCs / special outfits by the State Bank Of India Internal Audit Department. The applications should be submitted by post/courier/hand delivery. The last date for submission of the application is 5.00 pm on 15.06.2022.

Selection Process for Empanelment of CA Firms for Concurrent Audit of State Bank of India:

• Applications received, complete in all respect and within the prescribed time, will be scrutinized on the basis of the basic eligibility criteria as given above at Para 2 by a Selection Committee formed for the said purpose. Applications not accompanied by all the required details and supporting documents would be liable for rejection.
•  The Bank reserves the right to disqualify any or all applications on the basis of their responses without assigning any reasons, whatsoever. Those applicants who satisfy the requirements and specifications as determined by the Bank as per the terms and conditions of this document shall be short-listed.
• Those applicants who fulfill all the basic eligibility criteria will be evaluated based on location of firm, residential status of partners, experience, reputation, availability of sufficient trained personnel (ICAI Trained article clerks/ retired commercial bank officers) with the firm and such other factors as the Bank may deem fit for its requirements.
• The prima facie scrutiny of the applications will be done by a Screening Committee at the respective CAOs.
• The final selection of the CA firms will be approved by a Selection Committee at IAD and will be final. No further correspondence in this regard shall be entertained.
• Only selected CA firms will be intimated by email by respective CAOs.
•  Bank also reserves the right to make query with the firm or any other agency, ask for additional information, particulars, and submission of one, some or more undertakings from any firm at any point of time. None of such act shall be deemed as an offer of empanelment as Concurrent Auditor by the Bank to the firm unless and until Bank intimates in writing to the firm regarding allocation of any branch / unit for concurrent audit.

Scope of Audit for Empanelment of CA Firms for Concurrent Audit of State Bank of India:

The broad areas to be covered in the Concurrent Audit are as indicated in Annexure-3 and shall be revised from time to time based on the requirements of the Bank. Concurrent audit will be online as well as any other method/process to be adopted by the Bank.

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