District Co-operative Central Bank Ltd. Srikakulam invites application for empanelment of Concurrent Auditor for Financial Year 2025-26
The District Co-operative Central Bank Ltd. Srikakulam has invited application from eligible Chartered Accountant Firms for empanelment as Concurrent Auditor for conducting concurrent audit / Internal audit in the branches/Head Office for the Financial Year 2025-26
Eligibility Criteria:
Those firms which satisfy the following are eligible to apply:
(a) Grade I, II and III 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 10 years experience will not be eligible to apply.
(c) CA Firms which have sufficient number of trained representatives (Minimum 3 number of Auditors and 10 number of Employees) 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) At least one partner of the firm must hold the DISA (Diploma in Information System Audit) certification issued by ICAI.
(e) The firm should be empaneled with the RBI or the respective Bank for conducting Audits.
(f) The Firm preferably have a Branch office in Srikakulam District for easy accessibility and efficient Audit execution.
(g) Partner of the firm preferably hold Concurrent Audit Course Certificate issued by ICAI.
(h) CA Firms who are already engaged / appointed for any other assignment in DCCB such as Statutory Auditors, Stock Auditors, Forensic Auditors etc., are not eligible to apply, to eliminate any room for conflict of interest.
(i) CA Firms who are already deployed / posted as Concurrent Auditors (at Regular Concurrent Branches/ CPCs / special outfits (RCA)/RACC/CCV) in DCCB are not eligible to apply.
(j) 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.
(k) 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:
1. The duly filled in application form in a sealed cover super scribed as “Application for Empanelment of Chartered Accountant Firms for Concurrent Audit at Branches / Head Office” should be submitted by post / courier / hand delivery and reach to The District Cooperative Central Bank Ltd, Head Office, Dandiveedhi, collector bunglow road, Srikakulam. 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.
2. Application should be in prescribed format as per Annexure – 1 and duly filled in with required particulars accompanied by copies of supporting documents i.e. Constitution of the Firm (Company / Partnership/ Proprietorship firm / LLP), RBI Grading certificate, Experience certificate etc. All supporting documents to Application must be self-attested by the authorized signatory for the applicant firm.
3. incomplete application and application without required supportive documents will not be considered by the Bank.
Last date for submission of application.
The last date for receipt of application is 21.03.2025. 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 “Chief Executive Officer, The District cooperative central Bank Ltd., Head Office, Dandiveedi, collector bunglow road, Srikakulam”
Download notice for Concurrent Audit Click Here >>
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