Bank of Baroda

Request for Proposal (RFP) for Appointment of Concurrent Auditors for Branches / CBO / Other units for -6- Zones/ Groups of the Bank

Appointment of Concurrent Auditor to carry out Concurrent Audits of Branches / CBOs /Other Units For each of the following Zones of Bank of Baroda Namely Bengaluru Zone, Rajkot Zone, Kolkata Zone, Ahmedabad Zone (Group II), Baroda Zone (Group II) & Pune Zone (Group II) for -12- months From 01-10-2020 to 30-09-2021

Download Full Text of the RFP Document

(Republished with Amendments)

More Under CA, CS, CMA

9 Comments

  1. Rajendra Bandyopadhyay says:

    Good number of Chartered Accountants /Cost & Management Accountants have retired from Senior Positions in the Banking sector, who are better placed to undertake concurrent audit function. I Hope RBI will seriously consider the matter since Bank’s concurrent activities can be better understood by these retired professional accountants.

  2. PRAKASH CHANDRA VERMA says:

    RBI New Notification about con-current audit, that ex bankers must involve by bank to consider con-current audit is appreciable. Ex banker knows each & every things about working & Practice of Credit and Operation with Rectifications process also.

  3. CA. M. Lakshmanan says:

    We, the CAs who are in practice, more particularly the Small and Medium firms, can not apply for this. Whether this area will also be taken away from the small firms by the Big Firms?
    Quoting fees and allotting to the smallest bidder do not seem to be in good taste and not ethical too.
    We are not civil contractors to buy the application and pay EMD.

  4. PADMANABHAN PRAKASH & CO says:

    For reading the proposal itself, the bank has to give an incentive of Rs.20000 instead of asking the auditor to pay application money.

  5. Ashok Shah says:

    RBI has done away with appointing independent auditor function of its. It has delegated this job to Bank’s Management. Branches below 20 crores advances are not subject to audit. They are trying to save money by reducing audit function. Result is now out. Saved penny and made foolish by pound. I mean penny wise pound foolish. Hope better sense will prevail on RBI as well as Ministry of Finance. Ignorant of this ground reality, Mr. Modi Slammed CAs in his speech there by unintentionally becoming tool to tarnishing image of CA in the eyes of public across not only nation but the World at large. Shameful things for both.

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