OBC invites application for appointment of Concurrent Auditor

OBC invites application for appointment of Concurrent Auditor for Corporate Account based in Ludhiana. The terms of reference are listed below: Click here to download the complete tender details

OBC invites application for appointment of Concurrent Auditor

1. Documentation and compliance of terms and conditions of sanction.
2. Perfection of security as per terms of sanction.
3. Important accounting policies having bearing on financial and operational results compliance with applicable Accounting standards.
4. Comment on Internal Audit systems.
5. Status of Payment of Statutory dues.
6. Report on Contingent liabilities and its likely impact on financial results of the company.
7. Capacity vis-a-vis production/capacity utilisation.
8. Report on transactions relating to sister/associate/group concern.
9. Inventory control system
10. Creditors/Debtors velocity, age of Debtors, Quality of debtors, list of major debtors with the date of earliest outstanding.
11. Report on non-current/non-business related assets/liabilities.
12. Report on the conduct of account including non-fund based facilities.
13. Drawings vis-a-vis Drawing Power/sanction limit.
14. Quality of stock statements and processes involved, comments on its reliability, basis of Valuation of Stocks.
15. Actual results vis-a-vis projections(quarter on quarter change in financials)
16. Comments on slow-moving, non-moving/ obsolete stocks
17. Transactions routed through bank's other than lenders/ account with other Banks.
18. Sharing of information with other banks as per Performa circulated by Reserve Bank of India for Consortium/ Multiple banking arrangements accounts.
19. Foreign currency documents as per the contract with the customers to ensure that the contracts are taken up on due dates.
20. Compliance of SEBI guidelines in case of listed company and Clause 49 adherence.
21. Sharing holding pattern each quarter and change in management during the period of audit.

Note: You are advised to offer minimum possible charges Click here to download the complete tender details

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