UCO BANK
AUDIT & INSPECTION DEPARTMENT
HEAD OFFICE, KOLKATA
NOTIFICATION
Date: 23.09.2020
[EXPRESSION OF INTEREST FOR ENGAGEMENT OF CONCURRENT AUDITORS!
The online application portal will remain open from 24.09.2020 to 30.09.2020 (23:59:59 hrs)
UCO Bank invites online application from practicing firms of Chartered Accountants in India for engagement as Concurrent Auditors to undertake Concurrent Audit assignment in designated branches/ offices through computerized application package and RLHs/AMBs/Service branches. Central Pension Processing Centre, SME Hubs, Treasury, Depository services, and HO departments in India through a manual process. The firms who are willing to undertake the audit in a computerized application environment have to apply for Concurrent Audit through the online application portal.
I. ELIGIBILITY CRITERIA FOR ENGAGEMENT:
CA Firms not under cooling period ( I.e. no continuous audit for lost three consecutive years In UCO Bank) are eligible for applying as per list of branches mentioned in Annexure - 1. For CA firms already engaged with us and not undercooling and their branch is listed in Annexure-II (Branches which are not identified for 2020-21) may apply for branches listed In Annexure -1.
a) CA firm should preferably be a partnership concern having experience in the field. The Bank may also consider the sole proprietorship concerns and in that case they would be also required to submit a declaration that they are full time practicing Chartered Accountants, not employed elsewhere, do not have any other business interest with UCO Bank and not a Director In UCO Bank or related to any of the present Directors of UCO Bank.
b) Audit firms should preferably have qualified Information System Auditor (CISA/DISA) with necessary exposure of system audit. Since all the branches of the Bank are fully computerized, system audit shall form an integral part of audit of the bonk.
c) Audit firm should not have been disqualified by any Bank IBA/RBI/ICAI, while taking-up audit work on earlier occasions.
d) Weightoge would be given to the CA firms where the partners themselves are ex-bankers or the firm(s) has got tie-up with ex-bankers with requisite experience and exposure.
e) It is to be ensured that the audit firm or any sister / associate concern / network firm is not conducting the statutory audit of the Bank or any of its branches.
f) Welghtage will be given to a firm having exposure in conducting Concurrent Audit of the Bank branches for public sector / r-rrr^^^ri^if<=> sector banks.
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