IDBI Bank is inviting online applications from eligible Partnership firms of Chartered Accountants within India to be empanelled as Concurrent Auditors for the bank.
To be eligible for empanelment, CA firms must fulfill certain criteria, including having a minimum standing of five years, preference given to firms with ex-banker partners or ties with ex-bankers, possessing relevant certifications like CISA/DISA, and demonstrating experience in conducting concurrent audits for public and private sector banks. The application period is from March 11, 2024, to March 28, 2024.
Applicants need to ensure that all necessary documents, such as firm profiles, registration certificates, PAN cards, partnership deeds, and previous audit appointment letters, are duly signed, stamped, and uploaded as per the specified guidelines. Incomplete applications will be rejected.
A disclaimer notice warns CA firms against engaging with unauthorized individuals or agencies claiming to secure audit assignments in exchange for commissions. The bank clarifies that it does not authorize any such practices and advises firms to exercise caution.
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Empanelment of Chartered Accountant firms as Concurrent Auditor
- IDBI Bank invites online applications from practicing Partnership firms of Chartered Accountants within India, in the prescribed format, who are willing to be empanelled as Concurrent Auditors of the IDBI Bank.
- The online system shall be available from 03.2024 to 28.03.2024 (both dates inclusive) for future allotments to be made by IDBI Bank. CA Firms already empanelled with IDBI Bank also need to apply again as a fresh applicant.
- Please check the eligibility criteria before applying and ensure the same.
- The CA Firms who have completed 5 years of existence as on 28.02.2024.
- The status of the Firm as on 28.02.2024 should be either Partnership Firm or LLP i.e. Establishment Date (as per Firm Registration Certificate downloaded from ICAI website) should be on or before 01.03.2019, are eligible to apply. If the Establishment Date (as per Firm Registration Certificate downloaded from ICAI website) is after 01.03.2019, such firms are not eligible to apply as per IDBI Bank’s Concurrent Audit Policy.
- Kindly use latest version of Google Chrome Browser, as Chrome supports the site in the best manner. Please clear the browsing history and cookies for smooth uploading.
- Please note that if any CA Firm does not have GST no., please mention 11AAAAA1111A1Z1/A as GST no.
- Please keep the scanned pdf documents/ information as mentioned below in readiness for uploading before filling the Application Form:
- Updated Profile of the firm (Size should be less than 4 MB)
- Latest Firm Registration Certificate downloaded from ICAI Website(Size should be less than 4 MB) (Firm card will not be accepted)
- Latest Multipurpose Empanelment Form for verification of RBI Category and UCN (Size should be less than 4 MB)
- Attested PAN Card of the Firm (Size should be less than 4 MB)
- List of Partners & qualifications mentioning their membership number and signatures along with details of the authorized partner, in case of an audit assigned. (Size should be less than 4 MB)
- List of firm’s branches with full address & contact details etc. (Size should be less than 4 MB)
- Latest Partnership Deed (Size should be less than 4 MB)
- Few Previous Concurrent Audit Appointment Letters of the Banks (except for IDBI Bank and Co-operative Banks & and should be of latest years) (Size should be less than 4 MB)
- Details of Partners like Membership number, PAN Card of the Partners
- Firm Constitution Date
- RBI Unique code
- GST Number
- RBI Category of 2023-24
- All the documents which are to be uploaded must be duly signed and stamped by the Authorized Partner/s.
Disclaimer: IDBI Bank reserves the right to call for any additional documents/ information apart from the above mentioned, if required.
- For any query regarding the filling of the Empanelment Form, please correspond to email id: ho@idbi.co.in
- If the query is not resolved through mail, please contact on any of the following numbers on working days & during office hours (i.e. 10.00 AM to 6.00 PM):
Tel. No.: 022 6655 2619/ 2394/ 3126
P.S.: Please don’t send mails to any individual email ids.
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Eligibility Criteria for CA firms
IDBI Bank invites online applications from practicing Partnership firms of Chartered Accountants within India, in the prescribed format, who are willing to be empanelled as Concurrent Auditors of the IDBI Bank.
(a) It should be a Partnership firm of Chartered Accountants.
(b) The firm should have standing of minimum five years.
(c) Preference shall be given to the firms where the partners themselves were ex-bankers or the firm has got tie-up with ex-bankers with requisite experience and exposure, the firms having qualified Information System Auditor (CISA/DISA) with necessary exposure of systems audit and CA firms wherein partners have completed the ‘Certificate Course in Concurrent Audit’ conducted by ICAI.
(d) It is to be ensured that the audit firm or any sister / associate concern are not conducting the statutory audit of the IDBI Bank or any of its branches.
(e) The firm should have necessary exposure in conducting Concurrent Audit of the Bank branches for a few public sector / major private sector banks.
(f) The firm should have necessary office set up and adequate trained staff to ensure proper deployment and timely completion of the audit assignments.
The online system shall be available on the Bank’s website from 11.03.2024 to 28.03.2024 (both dates inclusive) for allotments to be made in future.
N.B: All supporting documents should be attached, incomplete applications will be summarily rejected. (Firm card will not be accepted)
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Disclaimer Notice
Appointment of Concurrent Auditors for IDBI Bank Ltd.
It has come to IDBI Bank Ltd.’s attention that some unscrupulous persons / agencies have been approaching Chartered Accountant Firms for confirmed allotments of assignment for Concurrent Audit by charging commission.
It may please be noted that the Bank has not hired the services of any agency or individuals to collect any money/commission/charges for allotment of Concurrent Audit Assignments. CA Firms are hereby advised to exercise due caution while dealing with such unscrupulous persons/agencies and any transaction with such agencies, if being done, is at their own risk. IDBI Bank is not responsible for any loss incurred by the CA Firms.
It may be noted that the allotments for the Concurrent Audit Assignments for the Bank is usually finalized in the month of May/ June only for the audit cycle of July to June and whenever the Bank decides to include any Auditee Unit under Concurrent Audit.
Link to Apply: https://auditempanelment.idbibank.co.in/
