SBI Concurrent Auditor Empanelment of Chartered Accountant Firms 2022-23. Last date 15.06.2022

SBI Concurrent Auditor Empanelment of Chartered Accountant Firms for FY 2022-23

Inter Audit Department SBI Hyderabad has invited applications for Empanelment of Chartered Accountant Firms for Concurrent Audit of State Bank of India for the Financial Year 2022-23

SBI Concurrent Auditor Empanelment of CA Firms for FY 2022-23

Eligibility Criteria:
Those firms which satisfy the following are eligible to apply:

(a) Grade 1, 2 and 3 firms as per RBI Grade as on the date of application.CA Firms with RBI grading IV are not eligible to apply.

(b) CA Firms having at least one year of experience of Concurrent Audit in any Commercial Bank.Firms with below 1 year experience will not be eligible to apply.

(c) CA Firms which have sufficient number of trained representatives of firm articled Clerk trained by ICAI on Concurrent Audit, Retired Officers of commercial Banks, qualified Chartered Accountants as Partner or Associate or as Staff, who will be available on all working days to attend to the Concurrent Audit.

(d) CA Firms chosen for engagement as Concurrent Auditors should be other than the ones selected for empanelment as Statutory Auditors for SBI to eliminate any room for conflict of interest.

(e) CA Firms who are already deployed / posted as Concurrent Auditors(at Regular Concurrent Branches/CPCs /special outfits(RCA)/RACC/CCV)in SBI are not eligible to apply

(f) The wait list of CA firms if any(RCA/RACC/CCV), not deployed on the date of advertisement can apply fresh subject to eligibility, however the wait list stands cancelled upon release of advertisement for new recruitment

(g) As on the date of advertisement, Chartered Accountant Firms which are under cooling period of one year after completing three years of Concurrent Audit in State Bank of India in any of the Circle Audit Office (CAO)are not eligible to apply.

(h) Where CA Firm is having more than one office in different geographical locations, such CA Firms can apply for empanelment separately for each office / location subject to:

(i) Should have an office in the centre / location.

(ii) Separate designated Chartered Accountant should be available for conducting Concurrent Audit.

(iii) Maximum of three branches/CPCs /special outfits shall be allotted to a single firm, irrespective of geographical location as per the vacancy position at the sole discretion of the Bank. In case more than one RACC / CCV allotted under Cluster Audit, it will be treated as one branch.

Submission of Application:
The duly filled in application form in a sealed cover superscribed as “Application for Empanelmentof Chartered Accountant Firms for Concurrent Audit” should reach the respective Circle Audit Office on or before 15.06.2022 by 5.00 P.M.

(i) The application and all correspondence and documents relating to this process must be written in English. The applicant must provide individual and factual replies to specific questions asked in the application. Documents submitted should be complete in all respects as required.

(ii) Application as per Annexure-A needs to be submitted duly filled in with required particulars accompanied by copies of supporting documents i.e. Constitution of the Firm(Company / Partnership/ Proprietorship firm), RBI Grading certificate, Experience certificate etc. All supporting documents to Application must be self-attested by the authorized signatory for the applicant firm.

(iii) Incomplete application without required supportive documents will not be considered by the Bank.

Last Date for Submission of Application:
(i). The last date for receipt of application is 15.06.2022. Please note that no application shall be accepted after 5.00 p.m. of the above date. Application submitted after due date or after the stipulated time of the due date or incomplete in any respect are liable to be rejected. The duly filled in application along with the supporting documents should be submitted to the concerned General Manager (IA), Circle Audit Office (CAO)as per the Geographical location as per Annexure-2…

(ii). SBI is not responsible for non-receipt of completed application within the specified date and time due to any reason including postal delays or otherwise. Physical Applications to be submitted either by Post / Courier / Personal delivery against acknowledgement at respective CAOs.


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