Bank of Baroda Concurrent Auditor 2024-27 Empanelment – RFP for appointment
Bank of Baroda invites Expression of Interest for empanelment of Chartered Accountant firms, having office in village/ town/ city / district of Bank of Baroda’s identified branches/ units, for creation of pool of CA firms for carrying out Concurrent Audit for period of -3- years from 01.04.2024 to 31.03.2027
Last Date of Submission of EOI Response (Closing Date) : 05.00 pm 11th March 2024
Mode:- Online
Link to apply: https://bobtenders.eproc.in
Bank of Baroda Concurrent Auditor 2024-27 Empanelment
1. The applicant firm should be a Chartered Accountant Firm (Partnership Firm or Limited Liability Partnership), registered with ICAI.
2. The applicant firm should be Category –I, II or III as per RBI grade as available on Website www.meficai.org (latest). CA Firms with RBI grading IV are not eligible to apply.
3. The applicant firm should have carried out Concurrent Audit of Branch of any scheduled commercial bank for at least -1- year during last five financial years. (Note: For the purpose of eligibility criteria compliance, ‘scheduled commercial banks’ in India excludes Regional Rural Banks, Co-operative Banks, Small Finance Banks & Payment Banks.)
4. The applicant firm should have minimum of -1- CISA/ DISA qualified CA partners/ CA Qualified permanent staff as per ICAI certificate of Registration.
5. The applicant firm should not have been black listed/debarred by any Government Financial Institutions/ Banks/ RBI/ ICAI/ IBA/ Government/ Semi Government Departments/ PSUs in India/ NFRA
6. The C. A. Firms engaged for carrying out Concurrent Audit in any other Zone / Group of our Bank and their engagement period is not coming to end on 31 -03-2024 are not eligible to participate.
7. THE C.A Firm engaged for carrying out Concurrent Audit in any Zone/ Gro up is completing three year period in Zone / Group as on 31-03-2024, are not eligible to apply for same Districts
8. As per Bank’s Policy, Tenure of External Concurrent Auditor with Bank shall not be more than five years on continuous basis. Minimum one year cooling period will be applicable for same set of Branches after completion of three year period and also on completion of five years.
Post the evaluation process, the selected firm would be initially appointed by the Bank for twelve months and may be extended annually for further two years (maximum upto -3- years) subject to satisfactory performance and at the sole discretion of the Bank. The appointment period will be governed by the extant RBI guidelines in this regard. Bank reserves the right to increase/decrease the number of auditable entities at any time.
All the supporting documents need to be submitted/ uploaded, duly indexed / numbered sequentially in the above order with respective eligibility criteria
Security Deposit payable by the Successful Applicant – The Selected Firm has to deposit with the Bank an amount of Rs. 50,000.00 towards security deposit for the entire period of the contract, within 15 days from the date of communication about selection of Firm by the Bank
An eligible firm can apply for Concurrent Audit of Maximum -3- Districts only.
Attendance: Firm has to deploy, dedicated Audit Assistant for each Branch / Other Unit having suitable qualification and adequate knowledge & experience for carrying out Concurrent Audit. The Audit Assistant is required to visit the Branch / other unit on all working days for full day. Pro-rata fees shall be deducted, in case Audit Assistant has not attended Branch / Other Unit for more than -3- days during the month. Bank has right to interview the personnel, to decide to deploy for this assignment or not. Bank shall reserve the right to seek the change of resource/ personnel at any point of time during the engagement. The ZIAD at any point of time is authorised to surprise check the attendance of the Audit Assistant/ CA Partner on any working day.
Download BoB RFP for Concurrent Audit 2024-27 Click Here >>
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