State Bank of India Local Head Office, S.S. Kovil Road
\nTrivandrum 695 001<\/strong><\/p>\n

Applications are
\ninvited from Partnership Firms of Chartered Accountants of RBI
\nCategory II and III and suitable for empanelment as Statutory Branch Auditors
\nfor Public Sector Banks as per RBI norms for carrying out Concurrent Audit on
\nfull time, contractual basis (renewable every year, at Bank\u2019s discretion) at
\nits selected Branches \/ Offices \/ Credit Processing Centers (CPCs)
\nsituated in the State of Kerala. The Audit firms under RBI Category I can also
\napply provided they are agreeable to the remuneration payable to Category II or
\nIII and found suitable as per RBI norms. The Audit firms who have already been
\nengaged as Concurrent Auditors by Kerala Circle need not apply.<\/p>\n

 <\/p>\n

Last date for receipt
\nof Application:  29th November 2014.<\/strong><\/p>\n

 <\/strong><\/p>\n

Those who are interested may
\nsubmit<\/strong><\/p>\n

 <\/p>\n

1.     Application\/ Bio-data together with
\npassport size photographs of all partners<\/p>\n

2.   
\n Photostat copies of Degree Certificate<\/p>\n

3.   
\n Membership Certificate of Institute of
\nChartered Accountants of India (ICAI)<\/p>\n

4.   
\n RBI Category certificate<\/p>\n

5.     Any
\nother certification obtained, etc.<\/p>\n

 <\/p>\n

to The Asst. General
\nManager (Audit), State Bank of India, Audit Department, Local Head Office, S.S.
\nKovil Road, Trivandrum 695 001 in sealed cover.<\/p>\n

 <\/strong><\/p>\n

Terms and Conditions:<\/strong><\/p>\n

1.    Expertise in audit of Banking related areas
\nand experience as Concurrent Auditors of other Banks in the past is preferred.<\/p>\n

2.   
\nPreference
\nwill be given to locally based Chartered Accountants or proximity to where the
\nBranches \/ offices are situated.<\/p>\n

3.   
\n One employee\/Articled Clerk is to be stationed
\non a full day basis at the Branch on an ongoing basis.<\/p>\n

4.   
\n A partner of the firm must visit the Branch on
\nat least two days in a week [on full day basis].<\/p>\n

5.   
\n The Concurrent Auditor should submit report at
\nfortnightly intervals on irregularities observed and rectified.<\/p>\n

6.   
\n Audit Firm should acknowledge the appointment
\nletter as a token of the Firm agreeing to the terms and conditions of
\nappointment.<\/p>\n

7.   
\n The Bank will have right to reject
\napplications and Bank\u2019s decision in empanelment is final. Further, if the
\nservices of Concurrent Auditors are not satisfactory, Bank will have the right
\nto terminate the contract, any time.<\/p>\n

8.   
\n The following data in MS-Excel format may be
\nsent by email to eca.lhotri@sbi.co.in and hard copy of the same duly signed may
\nalso be forwarded along with the application.<\/p>\n

 <\/p>\n

i)             
\nName
\nof the Firm<\/p>\n

ii)            
\nFRN
\nNo.<\/p>\n

iii)           
\nConstitution<\/p>\n

iv)          
\nDate
\nof Registration of Partnership firm<\/p>\n

v)           
\nStanding
\nof the Firm (No. of years)<\/p>\n

vi)          
\nAddress1,
\nAddress 2, Address3<\/p>\n

vii)         
\nMain
\nOffice at<\/p>\n

viii)        
\nBranch
\nOffice, if any 1, 2, 3<\/p>\n

ix)          
\nContact
\nNo. Land line , Mobile<\/p>\n

x)           
\nEmail<\/p>\n

xi)          
\nRBI
\nCategory<\/p>\n

xii)         
\nNo.
\nof CAs exclusively associated with the firm (Full time)<\/p>\n

xiii)        
\nNo.
\nof partners exclusively associated with the firm (full time) (out of (ii))<\/p>\n

xiv)       
\nProfessional
\nStaff<\/p>\n

xv)        
\nBank
\nAudit Experience (Type of Audit, Name of Bank, No. of years)<\/p>\n

 <\/p>\n

Audit Fee:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n

\n Branches<\/strong><\/p>\n<\/td>\n<\/tr>\n
\n Business Level of Branches<\/strong><\/p>\n<\/td>\n	\n Fee Structure (Rs per month)<\/strong><\/p>\n<\/td>\n	\n RBI Grade of Auditor<\/strong><\/p>\n<\/td>\n<\/tr>\n
\n Deposit Rs 300 Crs & above and Advance \n < Rs 400 Crs<\/p>\n<\/td>\n	\n 25,000<\/p>\n<\/td>\n	\n Grade 3<\/p>\n<\/td>\n<\/tr>\n
\n Advances Rs 400 Crs & above<\/p>\n<\/td>\n	\n 35,000 \u2013 50,000<\/p>\n<\/td>\n	\n Grade 2 \/ 3<\/p>\n<\/td>\n<\/tr>\n
\n CPCs<\/strong><\/p>\n<\/td>\n<\/tr>\n
\n LCPC\/TFCPC<\/p>\n<\/td>\n	\n 25000 \u2013 30000<\/p>\n<\/td>\n	\n Grade 3<\/p>\n<\/td>\n<\/tr>\n
\n RACPC\/SMECCC\/RASMECCC<\/p>\n<\/td>\n	\n 40000 \u2013 50000<\/p>\n<\/td>\n	\n Grade 2 \/ 3<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n  <\/strong><\/p>\n Scope of Concurrent \nAudit \/ Areas to be covered:<\/strong><\/p>\n a)            \nCompliance \nwith RBI Guidelines \/ Guidelines of other regulatory agencies such as FEDAI \n\/IBA.<\/p>\n b)            \nCompliance \nwith Income Recognition and Asset Classification (IRAC) norms (to verify whether \nthe classification of advances has been done as per stipulated guidelines).<\/p>\n c)            \nWhether \nany of the activities prohibited by RBI are undertaken; Whether Important RBI \nguidelines issued from time to time in the field of advances, foreign exchange, \ninvestments and other statutory requirements prescribed by RBI, are being \ncomplied with.<\/p>\n d)            \nCompliance \nwith guidelines\/ground rules of agencies such as FEDAI\/IBA. Verification of \nvarious statements, returns prescribed by RBI.<\/p>\n e)            \nCompliance \nwith provisions of Banking Regulation Act, 1949.<\/p>\n f)             \nCompliance \nwith norms governed by Section20 in regard to granting loans\/advances against \nown shares etc.<\/p>\n g)            \nSection \n20A : Restrictions on power to remit debts.<\/p>\n h)            \nSection \n26 : Submission of returns of unclaimed deposits.<\/p>\n i)              \nSection \n340 : Production of documents of conditional nature to any other authority.<\/p>\n j)              \nSection \n452: Return of paid instruments to customers.<\/p>\n k)            \nBanking \nCompanies (Nomination Rules) Section 45 ZC, 45 ZE and 45 ZF.<\/p>\n l)              \nAny \nother provision which may be identified by Banking Operations Department of RBI \nfor verification of compliance from time to time.<\/p>\n m)          \nFOREX \n\/ Security Transaction: To verify all FOREX \/ Security Transactions undertaken \nat the branches \/ dealing rooms. The Concurrent Auditor will have to verify \nwhether the transactions or decisions are within policy parameters laid down, \ndo not violate provisions of Exchange Control Manual \/ FERA 1973 and other RBI instructions and \nthey are within delegated authority.<\/p>\n n)            \nAny \nother guidelines \/ instructions issued from time to time from Govt. of India, \nRBI, State Bank of India and\/or any other Statutory Authorities.<\/p>\n","protected":false},"excerpt":{"rendered":" State Bank of India Local Head Office, S.S. Kovil Road Trivandrum 695 001 Applications are invited from Partnership Firms of Chartered Accountants of RBI Category II and III and suitable for empanelment as Statutory Branch Auditors for Public Sector Banks as per RBI norms for carrying out Concurrent Audit on full time, contractual basis (renewable every year, at Bank\u2019s … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[267,300],"class_list":["post-1059","post","type-post","status-publish","format-standard","hentry","category-opportunities","tag-empanelment","tag-opportunities"],"yoast_head":"\n