THE MUNICIPAL CO-OPERATIVE BANK LTD., MUMBAI
Municipal Bank Bhavan , 24D, P.D. Dmello Road, Fort,
Quotation for appointment of Concurrent Auditor
Ours’ is Salary Earner’s Urban Co-operative Bank having working capital Rs.1623.24 crores as on 31.03.2011. We intends to appoint Registered Chartered Accountants/Firm for conducting Concurrent Audit of 21 branches, 5 octroi collection centers and Accounts Section (Head Office) for the financial year 2012-13.
Bank has implemented Core Banking Software at its all Branches/Octroi Collection Centers and Accounts Section (Head Office). Concurrent audit is to be carried out accordingly and also examine various aspects connected with the system alongwith guidelines of Reserve Bank of India, Registrar of Co-operative Societies, I.C.A.I as applicable and issued from time to time and policies decided by Board of Directors of the Bank.
The Concurrent Auditor’s officials should present every working day in branch/octroi collection center and Accounts Section (Head Office) for carrying out 100% concurrent audit work. If auditor remains absent for 2 or more working days in a week in branch octroi collection center/Accounts Section, Bank will deduct 3% penalty per every for each absent day from his sanction monthly audit fee of branch/octroi collection center and Accounts Section (Head Office).
Quarterly concurrent audit report should be submitted in 2 copies in Marathi language only within 15 days from the end of quarter.
Interested registered Chartered Accountant Firms may apply with following details.
1. Details of CA’s and audit staff available with the firm.
2. Details of Firm’s exposure to conduct such type of audit alongwith Work experience certificate of concerned auditee Bank Institution.
3. Quotation should accompany with quote of desired professional fees incisive of all taxes for conducting the concurrent audit as per enclosed format.