J&K Bank Concurrent Auditor Empanelment 2023-24

We have explained process of applying for empanelment as a Concurrent Auditor with J&K Bank for the year 2023-24 and detailed guidelines for filling the online application, eligibility criteria for Chartered/Cost Accountant firms, and terms of engagement, including the tenure of appointment, branch allocation, and accountability of Concurrent auditors.

J&K Bank
Supervision and Control Division
Corporate Headquarters,
M.A Road, Srinagar 190001

On-line Application For Empanelment Of Chartered Accountant/Cost Accountants Firms As Concurrent Auditors For The Year 2023-24 with J&K Bank

How to Register

1. The eligible Chartered /Cost Accountant Firms are required to apply ON-LINE through bank’s website. No other means/ mode of Application/Registration will be accepted.

2. The step wise guidelines for filling on-line application are as follows.

• Step 1: Chartered /Cost Accountant Firms shall fill in particulars.
• Step 2 : Upload latest photograph.
• Step 3: Upload a copy of the latest constitution certificate issued by ICAI / ICWAI
• On successful submission of form, system will generate 13 Digit Application Number.

Please Note: Hardcopy of downloaded Online Application Form along with profile in attached format and latest constitution certificate issued by ICAI / ICWAI is to be forwarded to Office of DGM, S, C & Audit Department, J&K Bank, Corporate Headquarters, M.A. Road, Srinagar, Kashmir 190001 by or before 24.06.2023 through Registered Post.

Scanning Certificate/Photograph & Compatibility

1. Paste the Photo on any white paper as per the required dimensions(w x h) 3.5 cm by 4.5 cm. Scan the above required size and do not scan the complete page.

2. The entire image dimension ( 3.5 cm by 4.5 cm) consisting of the photo is required to be scanned and stored in (*.jpe,*.jpeg,*.jpg) format on your local computer.

3. Photograph must be a recent passport size colour picture against the light colour, preferably white background as per dimensions (3.5 cm x 4.5 cm) and size between 10 KB to 100 KB.

https://www.jkbank.com/apps/sncappConcurrentAuditors2023/images/SampleSanpWithSignature.jpg

4. If the size of the file is less than 10 KB or more than 100 KB, then adjust the settings of the scanner such as the DPI resolution, no. of colours etc., during the process of scanning.

5. If the size of the file is less than 10 KB or more than 100 KB, then adjust the settings of the scanner such as the DPI resolution, no. of colours etc., during the process of scanning.

6. For Scanning certificate, adjust the settings of the scanner such that it yields an image in (*.jpe,*.jpeg,*.jpg) format file with size more than 40 KB and less than 1MB.Adjust the settings of the scanner such as the DPI resolution, no. of colours etc., during the process of scanning.

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Annexures

1. Eligibility Criteria for Chartered/ Cost Accountant Firms

2. Fee Structure for Concurrent Audit

3. Guidelines and Other Terms & Conditions for conducting audit (Annexure-b)

4. Profile of CA Firm (Annexure – II)

1. Eligibility Criteria For Chartered/Cost Accountant (CA Firms):

> Constitution: – It should be a Limited liability partnership firm/sole proprietorship firm having minimum of one partner as FCA.

> Efficacy of Manpower & their Skill Levels: – It must have sufficient manpower with requisite skill levels and infrastructure to conduct the audit in a professional and specialized manner as per the manpower.

> Not De-listed/ de-panelled by any Bank/Financial Institution: – The firm should not be on the de-panelled list of the ICAI/RBI/IBA/NFRA or delisted by any bank/financial institution.

> Certificate Course on Concurrent Audit (CCCA) of Banks): – The firm must have sufficient CCCA qualified manpower to carry out the Concurrent Audit.

> Ex-bankers as Staff/Partners Preferred: – Weightage /preference to be given to the firms where the partners themselves are ex-bankers or the firm has got tie-up with ex-bankers with requisite banking experience and exposure.

> Not associated with Banks Statutory Audit: – It is to be ensured that the audit firm or any sister / associate concern / network firm is not conducting the Statutory Audit of the Bank or any of its branche

> Banking/Audit Experience: – Weightage/preference will to be given to a firm having exposure in conducting Concurrent Audit of the Bank branches for a few public sector / major private sector banks.

> Availing Credit Facilities from any Bank: – A declaration to be furnished by the firm that credit facilities availed by the firm or partners or firms in which they are partners, directors including any facility availed by a third party for which the firm or its partners are guarantors have neither turned NPAs nor are existing as non-performing assets as per the prudential norms of RBI. In case the declaration is found incorrect, the assignment would get terminated besides the firm being liable for action under RBI/ICAI guidelines.

2. Terms of Engagement of Concurrent Auditors:

1). Tenure of appointment and extension of term: The tenure of the  Concurrent Auditors shall be initially for a period of one year extendable up to three years, after which a cooling period of one year shall apply. However, the Auditors have to apply a fresh each year. In case of retired bank officers only one branch or office shall be allotted to one eligible retired officer. However, the retired officer must not have worked in the allotted branch during five preceding years prior to his retirement. He shall not be retained as Concurrent Auditor for more than two years for the same branch / office but shall be rotated to other branch/office subject to condition that he / she shall not have attained the age of 69 years as on 1st August of that year.

2). Number of branches allotted per auditor shall be as under:

Location of Branch	Chartered /Cost Accountant		Retired Bank Official	In-house Bank Staff
	Partnership	Sole Proprietorship
UTs of J&K & Ladakh*	Upto 5 Branches	Upto 2 Branches	1 Branch	Upto 2 Branches/ Offices
Rest of India	1 Branch	1 Branch	1 Branch	Upto 2 Branches/ Offices

* More than 1 Branch may be allotted due to scant presence of CA firms in   the region.

3). Accountability/Removal/De-empanelment of Concurrent Auditors:-

Concurrent Auditors, will be subject to removal/de-listing/de- empanelment in following cases:

> When the Concurrent Auditors have colluded with borrowers or Branch Manager or officials, for pecuniary benefit and failed to report major irregularities and frauds, the names of such auditors / firms will be referred to IBA’s for inclusion in Caution List (under Third Party Entity (TPE).

> When the auditors name is included in the IBA Caution List from time to time, the name of such auditors will also be removed from the panel of Concurrent Auditors as per extant guidelines.

> Failure in timely detection of fraud by the concerned concurrent auditor during his tenure as Concurrent Auditor at branch which surfaces later on.

> When they fail to retain/maintain desired performance in the half yearly review.

> When their performance is not found to be of desired level for two consecutive months by concerned Compliance Department or S, C & Audit Divisional Office/Corporate Headquarters or any other Office.

> When they refuse to attend to any inspection/audit assignment or delay it, without proper justifications/reasons;

> When they fail to attend the branch on regular basis for Concurrent Audit.

> When a Concurrent Auditor resigns/revokes his job in middle of the assigned period.

> Frequent expiry of password on account of non-attendance.

> Asking undue favours from customers of the Bank.

> Late submission of Concurrent Audit report by more than five days (after 15th of the month following the month to which the report pertains.)

> Quality of Concurrent Audit report is very poor.

> The auditor fails to display a cooperative/constructive/collaborative approach towards the staff posted at the branch and does not discuss the vital aspects of his findings with the branch manager/other officials in-charge of various sections/departments;

> Fails to maintain the secrecy of the information of the borrowers/depositors or workings of the unit.

> Auditor is involved in some unlawful activities necessitating the bank to withdraw assignment/ allotment and other event likely to have material effect on the conduct of the Concurrent Audit in the branch.

> Serious acts of omission or commission, if any, noticed in their working, their appointments may be cancelled after giving them reasonable opportunity to be heard and the fact shall be reported to ACB of the bank, RBI, IBA, NFRA and ICAI.

> In cases of serious acts of omission or commission noticed in the working of bank’s own staff, working as concurrent auditors, shall be guided by the Officer’s Service Manual and other circulars issued from time to time defining the responsibilities/ acts of omission & commission of the officers, and fixing of staff accountability.

> In case of Retired Staff, if serious acts of omission or commission are noticed in their working, their appointments may be annulled and they may be blacklisted not only for concurrent audit but also for all other types of audit assignment/s of the bank, after giving them reasonable opportunity to be heard and the fact shall be reported to ACB of the bank.

> Refusal to take up the allotted assignment & non commencement/ completion/non-submission of audit report within prescribed time.

> Dissolution/Reconstitution of the firm under different name & style. However, in case the firm informs the bank of its reconstitution/relocation/renaming with full documentary evidence, the bank may consider such requests subject to its satisfaction. The powers for continuance of such audit firm in the panel shall rest with Head of Internal Audit.

> In case unsatisfactory performance is observed on the part of concurrent auditor or deviation from the terms of engagement, his assignment will be cancelled even before completion of the allocated period of one year. In case of CA firms appointed, any serious acts of omission or commission if noticed in their working may be reported to RBI, ICAI, NFRA & IBA besides cancelling their appointment.

> The de-empanelment of the CA firm will be done by Managing Director & CEO on the recommendations of the Committee empowered for selection in case of unsatisfactory performance while making review. The selection committee for the purpose includes Deputy General Manager (S, C & Audit), Incharge (S, C & Audit) and concerned desk officer.

4. Other Conditions of Engagement:

> The auditors will not sub-let/sub-assign the audit assignment to any person/ firm. Selection of Concurrent Auditor/s will be the sole discretion of the bank.

> The Concurrent Audit firm/individual will be liable to be removed at any time at the sole discretion of the bank without assigning any reason.

> The empanelled firms/retired official shall be accountable for the acts of omission and commission during the course of the Concurrent Audit.

> The chartered accountant / his assistant are under the obligation to remain present in the Branch as per directions during working hours regularly and his attendance shall be confirmed by the audit user login through system. CA Firms assigned the concurrent audit of treasury/FOREX branches should mandatorily deputed an audit executive having specialized knowledge of Treasury and FOREX. The CA firm must depute a person on daily basis who must have ample experience & exposure of such kind of audits, to the bank’s branch/ office and he /she must have minimum qualification of CA inter (IPCC). It should be ensured that partners / proprietor of CA firm personally visits the allotted branch/s at least twice a week. However, for the large and extra-large branch/s two persons one with qualification of FCA be deputed on regular basis, to ensure the quality of audit.

> The Concurrent Auditor should strictly adhere to the audit coverage as per the scope of Concurrent Audit as may be communicated /decided by the Bank from time to time.

> The Concurrent Auditors should not undertake any other activities / assignment on behalf of the branch/operational office without obtaining the concurrence of the S,C & Audit Division, Corporate Headquarters in writing.

> The Concurrent Auditors shall mandatorily serve a notice period of at least one month before resigning from the Audit assignment and has to make sure that the audit reports have been submitted for the current month. Not serving a prescribed notice period will entail dis-qualification for a period of One year.

> The empanelled concurrent Auditors will not be eligible for any leave facility and medical expense reimbursement.

> No out of pocket expenses or traveling allowance / halting allowance would be paid to the Concurrent Audit firms/individuals for carrying out the audit assignment and/ or attending workshops / meetings etc.

5. Fee Structure for conducting of Concurrent Audit:

S. No.	Category of Branch		Monthly Audit Fee*
1	Scale I		Rs. 14,000
2	Scale II		Rs. 15,000
3	Scale III		Rs. 17,000
4	Scale IV	Average Business of Rs. 200 Crores to less than Rs. 500 Crores in UT of J&K and Ladakh	Rs. 17,000
		Other Branches in Scale IV	Rs. 23,000
5	Scale V		Rs. 30,000
6	Offices & Departments RCC, CPC, LCU and Other Departments		Rs. 15,000
7	Treasury Operations		Rs. 30,000

*This amount is excluding taxes, taxes wherever applicable, shall be paid in addition to the monthly fixed audit fee.

*This amount shall be subject to all applicable statutory tax deductions.

Beside an additional premium amount @ 10% of the applicable concurrent audit fee shall be paid for the branches categorized as Hard & Remote areas Branches with posting tenure of One Year as per Officers Transfer Policy of HRD, CHQ.

ANNEXURE – “B”

6. Guidelines & other Terms & Conditions for conducting Concurrent Audit of Branch/s for the year 2023-24

01. While conducting the Concurrent Audit of the Branch/s, the Concurrent Auditor shall keep the following objectives in view:

a) To keep the routine work of the branch under continuous vigil so as to supplement the efforts of bank to ensure good internal control system at the branch in its critical and sensitive areas for averting the possibility of perpetration of fraud and irregularities.

b) To ensure that violations, of gross nature if any, from prescribed systems and procedures are timely brought to the notice of the Management for corrective and remedial action so also to avoid their repetition

c) To tone up the House Keeping standards of the branch for effective and adequate internal control system including the risk tools and control framework including but not limited to reconciliation of accounts, monitoring of General Ledger/Subsidiary General Ledger/Parking Accounts, opening of internal accounts, etc.

02. The Concurrent Auditor shall see that the transactions and decisions taken at the branch/s are well within the policy parameters laid down by the Bank and these do not contravene the extant instructions/policies of the bank conveyed vide circulars, RBI directions and that they are within the delegated authority and in compliance with the terms and conditions for exercise of the delegated authority and has to be regarded as part of Bank’s “preventive vigilance system” that helps in prompt detection of irregularities and lapses. It should be a process to ensure accounting excellence, effectiveness of control and supervision and compliance with the statutory requirements /RBI and Bank’s instructions.

03. It is obligatory on the part of the CA Firms/Retired Officers that the branch/s allotted to them for the purpose of conducting Concurrent Audit should under no circumstances be entrusted / sublet to any other audit firm or individual on contract basis.

04. In order to maintain the quality of concurrent audit of the branch, the CA firm must depute a person who must have ample experience & exposure of such kind of audits, preferably in a bank’s branch and he /she must have minimum qualification of CA inter (IPCC).It should be ensured that partners / proprietor of CA firm personally visits the allotted branch/s at least twice a week. However, for the large and extra-large branches viz Scale V & scale IV Branches two persons one with qualification of FCA be deputed on regular basis, to ensure the quality of audit.

05. It should be ensured that the information on customers of the bank which you or your assistants would acquire during the conduct of Audit by virtue of access to bank’s books / record would be kept strictly confidential in conforming to the bank’s secrecy obligations. It should also be noted that you /your audit firm would be liable to the bank for any loss arising out of divulgence of any information by the firm / your audit assistant/s and / or supporting staff. The bank shall also remain indemnified by you in this regard. A secrecy bond enclosed herewith should be returned duly signed by External Concurrent Auditors on Rs 100/- Non-Judicial Stamp Paper.

06. The Bank reserves the right to terminate this engagement at any time without assigning any reason therefore and without giving any notice.

07. In the event of auditor’s intentions to discontinue the audit of the allotted branch (es) / offices, it will be mandatory on the part of auditor to inform the concerned Zonal Deputy General Manager, Supervision & Controls Division, at least one month prior to discontinuation of the audit assignment. In case of failure, bank shall not be liable for payment of professional fee for the month lastly audited.

08. The bank reserves its right to withhold / recover the professional fee in case the audit is not conducted as per the Terms and Conditions / Guidelines / Checklists and further additions / amendments advised from time to time.

09. As the concurrent audit system is to ensure timely detection of irregularities/lapses, which help in preventing fraudulent transactions, the audit should be carried out in-depth. It is to be ensured that all the office accounts including Staff as well as Government accounts are viewed / examined on daily basis and all the transactions are duly authenticated and cross checked with vouchers/ supplementary to avoid any malpractices. Emphasis should be laid on substantive checking in key areas rather than test checking. The auditor/s will necessarily see whether the transactions or decisions taken are within the policy parameters laid down by the Corporate Headquarters/RBI guidelines issued from time to time. Special attention needs to be given to see that the branch abides by the guidelines for income recognition and asset classification.

10. It should also be certified that your firm/sister concern is not engaged in the conduct of Statutory Audit of our bank for the current financial year. In such case, this engagement letter be treated as cancelled.

11. In case of observing any major/ serious irregularities the Concurrent Auditor should not wait until the audit is completed/concluded for submission of “Confidential/Special Audit Reports.” These reports should be sent as & when the irregularities are committed/or noticed by the auditor. A few instances of major irregularities which require submission of “Confidential/Special Audit Reports” could be:

a) Serious violation of RBI regulatory guidelines/bank’s policies and procedures relating to any segment of banking business.

b) Unethical practices for mobilization of business (deposits and advances);

c) Limitation of security documents i.e. loan documents becoming time-barred or have already become time-barred;

d) Delay/default in initiating recovery action for enforcement of security interest under SARFAESI Act/or normal legal recourse;

e) Manipulation/tampering with the vital data/information resulting in concealment of actual state of affairs of a branch /health of loan assets/serious revenue leakage etc.;

f) Wrong classification of loan assets or failure to lodge/pursue/enforce their  insurance claims in time as a result of which there is possibility of potential/actual loss;

g) Glaring deficiencies in execution of security documents for securing credit facilities including under-stamping/non-stamping of loan documents or failure to create a charge/lien in favour of the bank, when such a charge/lien could have been created in normal course of banking business;

h) Persistence of already pointed out grave irregularities but the branch manager is indifferent to take necessary action or displays a state of defiance/default with impunity;

i) Observation of cases of bribery/corruption on the part of the branch officials ; cases of actual frauds/attempt to create frauds/mis-appropriation or abuse of delegated powers/authority to get pecuniary benefit at the expense of the bank; improper use of discretionary powers/delegated powers, undue favouritism & nepotism; or any such type of malpractices that are detrimental to the health/ interests of a branch/bank;

j) Any other matter of confidential nature involving working of the personnel/officials of a branch.

k) To examine whether any fictitious accounts are operating wherein the cheque purchase facilities have been allowed and loans have been granted with a view to concealing the fraudulent transactions;

l) The auditor shall check all the clearing related transactions on continuous basis.

m) To examine and mark observations regarding Offices accounts and reconciliation of suspense and sundry accounts.

n) To examine and mark observations regarding excess cash found at ATM and reconciliation of pending/untallied ATM entries.

o) To examine and mark observations w.r.t the yearly review of eligible term loan accounts.

However, the Concurrent Auditor will explore the possibility of first discussing these issues with the Branch Manager in case he is not directly involved in the irregularity. These reports must be directly addressed to the General Manager / Deputy General Manager (S&C) of the concerned Zonal Office, with copies endorsed to the General Manager / Deputy General Manager (S&C), Corporate Headquarters, Srinagar for speedy/swift action on mail id concurrent.chq@jkbmail.com

12. The performance of the auditor cannot be judged by his voluminous audit report   but the following points forming the basis to assess his performance:-

a) Timely Submission of the report.

Monthly Concurrent Audit Report, Flash Report and Revenue Report are required to be submitted by or before the 10^th of the immediately succeeding month through eTHIC module.

b) Quality of the report

There will be no compromise on the quality and content of Concurrent     Audit report. The report has to be comprehensive covering all aspects of the working of a branch, very meticulous and in depth. Its coverage and comprehensiveness should be all pervasive and nothing left out for RBIA/snap inspections/statutory auditors/other inspectors/auditors so that there is quality improvement in the working of a branch with the services of a Concurrent Auditor and the branch /operational office scores top rating from the internal/external auditors. It must be ensured that:-

> Observations in audit report are specific. It should not be like “in some case or in few cases”. All the remarks should be written with instances.

> Report is to be submitted on-line through eTHIC application.

> Since concurrent audit is a real time or near to real time audit 100% testing of transactions has to be ensured.

> In order to maintain the quality of concurrent audit of the branch, the CA firm must depute a person on daily basis who must have ample experience & exposure of such kind of audits, preferably in a bank’s branch and he /she must have minimum qualification of CA inter (IPCC).It should be ensured that partners / proprietor of CA firm personally visits the allotted branch/s at least twice a week. However, for the large and extra-large branch/s two persons one with qualification of FCA be deputed on regular basis, to ensure the quality of audit.

> Auditors to submit an Executive Summary (i.e. gist of important observations) along with the report.

c) On spot rectification of pointed out irregularities

The irregularities observed during the course of audit have to be got rectified on the spot wherever possible. List of irregularities observed during audit are passed on to the Branch Manager / Sectional-in-charge on daily basis for expeditious rectification.

d)  Persisting/un-rectified irregularities: Irregularities brought out in previous Concurrent Audit reports, which may have remained un-rectified after closure of audit report, shall be available under persisting irregularities menu in eTHIC application for follow-up and rectification. If any irregularity persists for more than 90 days from the reporting date, the reasons of non-rectification be mentioned. The concurrent auditor shall also specifically mention the name along with code number of the official(s) in the audit report responsible for such irregularity / ies and /or revenue leakage, which may remain un-rectified beyond the stipulated timeframe.

e) Revenue Leakage Detected and its on-spot recovery.

Apart from covering all the areas of the branch functioning/operations, the concurrent auditor shall also conduct Revenue Audit of the branches covering both domestic as well as foreign business, if any, to detect, recover and prevent the income leakages.

(Latest Revised Service Charges Manual issued by Strategy & Partnership Division Corporate Headquarters be referred to while carrying out the monthly revenue audit of the branch.) There is however, a separate service charges manual for Forex operations, which can be had from the Forex department of the Branch.

The Revenue Audit report be prepared as per the prescribed format on monthly basis under the title “REVENUE AUDIT OF THE BRANCH” To check If the branch(es) allotted to you is / are dealing in foreign exchange business, in that case report on revenue leakage, if any, detected in the Forex Operations should form a part of the main monthly revenue audit report for effective control.

It is compulsory for Concurrent Auditors to send a Flash Message to concerned S&C Division in the event of huge deviations / dereliction by the branch on the perusal and verification of “Exception Report” on daily basis are to be analyzed/reported. Verification of newly opened accounts particularly current accounts/SB Accounts where unusual / large value transactions have been carried out and funds transferred to unrelated parties immediately after opening of deposit accounts.

Further, ensure reporting of unusual transactions, if any, in E-Audit report without any fail.

f) Presence / Punctuality of the concurrent auditor at the Branch.

i) The chartered accountant / his assistant/retired officer are under the obligation to remain present in the branch per directions during working hours regularly and their attendance shall be confirmed by the audit user login through system.

ii) The new application Software eTHIC is in place and the Auditors are required to submit the report on-line instead of Hard Copies. The initial password of the user specified for the Concurrent Auditor and Finacle Audit user is obtained from the S&C Division of the respective Zone and it is to be ensured that the auditor changes his /her user password immediately after login.

iii) The audit user is to be used specifically by the Concurrent Auditor for audit purpose only and not for the generic usage by the branch for other back office jobs.

13. The role of the auditor should be constructive and supportive aiming to improve the overall branch functioning thereby resulting in all round development.

14. A Concurrent Auditor may not oppose the judgment/decisions taken by the branch manager or any other authorized official of the branch / office. He is not meant to interfere in the routine working of the branch /office but has to provide a second cool look on the operations.

15. A concurrent auditor is required to certify that the branch is

a. Maintaining Drawing Power in respect of all the Cash Credit Accounts.

b. Hypothecated Stocks / Mortgaged Property are adequately insured.

c. No D. P. Note/ Mortgage Deed is time barred.

d. All terms and conditions related to the loans / advances are fully complied with by the branch before their disbursement.

e. Ascertain the title of mortgaged property (ies) and value thereof.

f. Branch abides by the guidelines for income recognition and asset classification.

g. Confirmation about rectification of irregularities to be obtained from concurrent auditors before dropping the identified irregularities.

16. An appointment Letter containing the Terms and conditions for conducting concurrent audit of the branches will be issued to CA firms/retired officers in duplicate. Acceptance of Terms and conditions shall be obtained from such firms/retired officers on one copy which shall be kept on record.

17. The user ID of the FCA partner, representative auditor of CA firms and other concurrent auditors shall be got created by Zonal S&C Divisions for eTHIC Audit Concurrent Audit Module, Finacle.

18. To ensure individual accountability as also to restrict sharing of the pass word, unique login Id will be provided individually to FCA partner, representative auditor of CA firm and other concurrent auditors. Enabling / Disabling of particular user IDs shall be ensured on daily basis by the system manager/ Branch

19. Representative auditor of the CA firm deputed for conducting concurrent audit of allotted branch shall be duly authorized by its nominated FCA partner. Such Authorization Letter shall be verified by the Branch Manager (verify the signature) and kept on record.

20. A photo identity card shall be issued to every individual auditor by the concerned Zonal S&C Division which must contain interalia the Unique No as allotted for Login ID, date of Validity, and name of the Branch for which such card is valid.

21. The auditor shall not carry any mass storage device such as pen drive / flash drive/ thumb drive or any Lap top inside the branch premises and use of these devices are not required for the assigned job.

22. Please note that the performance of the concurrent auditor is evaluated on the basis of broad parameters like his compliance with all foregoing terms & conditions, achievement in getting the infirmities and irregularities rectified during the course of audit itself, getting all the prescribed norms implemented, recovery/refund of undercharges / overcharges etc. Review in this regard shall be taken after every two months.

23. In case you are found to be not diligent enough to report (MOC) revenue leakage in the allotted Branch/s and such un-reported revenue leakages will get reported by any other audit vis. RBIA, Credit Audit, Statutory Audit etc., you may be disengaged for conducting the concurrent audit without assigning any reason/ notice thereof.

Signature / Seal of Concurrent Auditor

7. Profile of CA Firm (Annexure – II)

8. Link to Apply online:

https://www.jkbank.com/apps/sncappConcurrentAuditors2023/