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empanelment for bank audits

Tanya (CA) (55 Points)

06 March 2008

My firm is regd in Jan'07. Is my firm eligible for empanelment as auditor for bank audits.? If yes, what is the procedure? Thanks in advance

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7 Replies

sudhagar (ca final) (40 Points)
Replied 06 March 2008

no I think minimum qualification for statutory bank audit about 3 years .your are eligible for concurrent audit.send your mail id for further clarification

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(Guest)

I had applied for the emplanement of bank audit vide form no 03288 for 2007-08 which was depicted in the list of the eligible aplication under category no ST IV. I wish to know whether i have been able to get the audit or not.

CA. Gurdeep Singh Chawla (C A) (7080 Points)
Replied 18 March 2008

after 3 years.

C.Subramanian (CHARTERED ACCOUNTANT) (66 Points)
Replied 18 March 2008

Since you became Associate on 2004 you must be eligible this year and rightly given IV SP. But RBI didnot give you audit. It is really very sad but to come to any any conclusion please read the following. https://www.icai.org/icairoot/announcements/announ1342.html

You may get audit next year and hope for the best.

v.m.garg (Practice) (20 Points)
Replied 09 May 2008

My firm is registerted in 2003.I have got statutory Audit for 3 bank branches. But i want to know What should be the procedure to procure the Banks concurrent /regular audit.My firm is a partnership firm with 2 F.C.A.

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Arunchandra (12 Points)
Replied 30 April 2009

I retired from our CA firm on 1.4.09. I want to know whether i can apply for bank empanelment 2009-10. The application form says data will be as of 1.1.09? Now I am practising in my individual name.