STATE BANK OF INDIA
CPPD, CORPORATE CENTRE, MUMBAI – 400 021
REQUEST FOR PROPOSAL FOR EMPANELMENT OF FORENSIC AUDITOR
State Bank of India invites applications in the prescribed format from the Firms/Companies who are conducting forensic audit of high value accounts and willing to have their firm/company empanelled as Forensic Auditor for high value borrowal account of our Bank.
CRITERIA AND TERMS & CONDITIONS FOR EMPANELMENT OF FORENSIC AUDITOR FOR HIGH VALUE ACCOUNT i.e ACCOUNT WITH EXPOSRE OF Rs 100 CRORES AND ABOVE
Eligibility Criteria :
a). Firms/Corporates who display exceptional professional competence in Forensic Auditing of the accounts with exposure of Rs 100 crores and above.
b) Having atleast 2 qualified Chartered Accountants as Members & must be registered with Institute of Chartered Accountants of India(ICAI) as Partner/Director with experience of minimum 5 years , preferably having exposure in banking sector.
c) Having in depth knowledge and extensive experience in accounting and should be aware of the various practices existing in cross section of industries.
d) Having proven track record of conducting a number of Forensic and Investigative audits and exposed/established frauds and malpractices.
e) Having reputation beyond reproach. Unblemished track record, with no unsatisfactory conduct in the past and should not have been blacklisted by any financial institution/other organisations/any government department. The firm/company should furnish self attested affidavit on stamp paper in this regard.
f) Having branches/offices at least in all Metro Cities ; New Delhi, Mumbai, Kolkata, Chennai,
g) The name of the Firm/Company or its promoter/partner etc. should not be in the defaulters/barred/caution list published/displayed at websites of public bodies such as by RBI/IBA/ECGC/SEBI/CICs etc.
Other Terms & Conditions
i) Application in the format placed below should be submitted to DGM-2, State Bank of India, CPPD, Corporate Centre, 4th Floor State Bank Bhawan, Madame Cama Road, Mumbai – 400021, till 5.00 PM of 15th day from the date of advertisement.
ii) Usual KYC norms like Identity and address proof of Firm/Company are mandatory.
iii) PAN Number and Registration Number with Institute of Chartered Accountant of India is also mandatory for applicant and its CA Partners/Directors.
iv) In the event of gross negligence/malpractices noticed by the Bank in Forensic Auditor’s conduct/scope of work apart from depanelling the firm/company, the Bank reserves the right to include their names in the cautionary list for circulation to all the Banks through IBA.
v) Forensic Auditor will be evaluated on the basis of their performance and usefulness to the Bank during review of empanelment by the bank at annual interval or as convenient to the bank.
vi) Bank reserves the right to reject any or all applications for empanelment without assigning any reasons therefor.
vii) On empanelment the firm/company will have to give an undertaking with Non Disclosure Agreement clause.
viii) Fee structure would be determined by the bank and the concerned auditor as the amount depends on the complexity of work involved, reasonable time the auditor would need to complete the audit and resources required to be deployed for the completion of audit assigned.