Tuesday, 27 July 2021 02:22 AM IST

Empanelment of Chartered Accountant firms as Concurrent Auditor for IDBI Bank

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.

(a) It should be a partnership firm of Chartered Accountants.

(b) The firm should have standing of minimum five years for audit of branches.

(c) 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.

(d) 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.

(e) The firm should have necessary exposure in conducting Concurrent Audit of the Bank branches for a few public sector / major private sector banks.

(f) The firm should have necessary office set up and adequate personnel to ensure proper deployment and timely completion of the assignments. 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 the future.

Click here for the application

Click here for more details