Odisha Grameen Bank invited applications for Concurrent Audit from Chartered Accountant Firms. Last date for application to reach bank is 10/11/2025
Odisha Grameen Bank invites applications from interested Chartered Accountant Firms to be empanelled as external auditor for Concurrent Audit. Last date for application to reach bank is 10/11/2025
Chartered Accountant Firms having the following eligibility criteria may apply for external auditors for conducting Concurrent Audit of the Bank.
1. The Firm should be either a proprietary or a partnership firm having Chartered Accountant(s) as proprietor/partner(s) and already in the panel of the RBI which is circulated among the Banks for statutory audit of the Banks from time to time. Registration of the Firm with RBI is mandatory.
2. The Firm or its proprietor/partners have not been the subject of inquiries in the past by the institute of Chartered Accountants of lndia as per the provisions of section 2L of the Chartered Accountants Act, 1949 and no such enquiry is pending, initiated or contemplated by the lnstitute as on the date of application as well as date of acceptance of assignment.
3. Where there are group of Firms of Charted Accounts having common partners, only one of the Firms in the group will be eligible for assignment of concurrent audit.
4. The existence of the Chartered Firms must be for minimum period of 3 years.
5. The CA firms who have worked for 5 years continuously are coming under cooling period for 1 year.
6. They must have minimum for 1 year past experience of conducting concurrent audit in banks.
7. They are not in the existing panel for Statutory Audit work of Odisha Grameen Bank for 2025-26.
8. The Chartered Firms should have their headquarter/branch office within the operational area of Odisha Grameen Bank i.e. 30 districts of Odisha at present.
9. Selection of the Firms is the sole discretion of the Bank.
10. CA Firms in preparedness to conduct concurrent audit in the Bank w.e.f. 01.01.2026 for one year.
11. The selected firms will be paid @7500/- per month per branch for conducting concurrent audit. They are not entitled for any additional benefits or perquisites.
12. Each auditing Firm shall be entrusted with maximum 3 branches to conduct monthly concurrent audit for a period of 12 months, may be extended further subject to satisfactory performance with a review after 12 months.
13. The concurrent audit should be conducted for minimum 10 working days by the Auditor in a month per branch by visiting allotted branch office.
14. Bank has implemented risk based concurrent audit and risk based internal audit. So the firm need to conduct audit online in Ethics programme / in the computerized system.
15. Concurrent audit will commence w.e.f 07.01.2026 for selected branches and the audit report (three copies) need to be submitted within the first week of the succeeding month to the audited branch with the bill.
16. CA Firms if selected to be guided by the rules and procedure in respect of the scope, coverage of business/branches, activities to be covered, appointment/ accountability, facilities, remuneration and reporting system etc. relating to the Concurrent Audit as framed by the Bank from time to time.
17. They have to submit declaration on fidelity and secrecy in the prescribed format.
18. The interested Firms must apply to the bank in the following address giving details on the following points along with supporting documents viz: Name of the Firm, Name of the owner, office address, address for communication with telephone no, date of establishment and details of experience on bank audit, PAN, GSTN, RBI registration No, lCAl registration no, constitution of firm etc. in the prescribed format etc.as per guidelines of Bank by registered post only. ‘Generat Manager (Inspection), Odisha Grameen Bank, At- Gandamunda, P.O.-Khandagiri, Bhubaneswar-751030’.
16. The last date of receiving applications from the interested Firms is dt. 10.11.2025 by 5 p.m. The application received through email will not be accepted.
Download Notice and Format of Application Click Here >>
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