The State Bank of India, Hyderabad invites the application from the eligible Chartered Accountant firms for empanelment as Concurrent Auditors in the bank branches, CPCs and special outfits. The last date for submitting the application form for empanelment is 15th June 2022.
The detailed SOPs can be accessed HERE.
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 in Concurrent Audit in any Commercial Bank. Firms with below 1-year experience will not be eligible to apply.
c) CA Firms which have a 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 who are already engaged/appointed for any other assignment in SBI such as Statutory Auditors, Stock Auditors, Forensic Auditors etc., are not eligible to apply, 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 waitlist of CA firms if any (RCA/RACC/CCV), not deployed on the date of advertisement can apply fresh subject to eligibility, however, the waitlist stands cancelled upon release of advertisement for new recruitment.
g) “As on the date of advertisement, Chartered Accountant Firms which are under a 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 is allotted under Cluster Audit, it will be treated as one branch.
LAST DATE FOR SUBMISSION OF APPLICATION:
The last date for submission of the application is 15.06.2022 before 5:00 PM.
