Applications for Empanelment as Stock Auditor with Allahabad bank

Applications for Empanelment as Stock Auditor with Allahabad Bank

1. Allahabad Bank, Zonal Office, Hyderabad invites applications / Biodata in the format as per Annexure-A, from practicing firms of Chartered Accountants of India having an office in the state of Andhra Pradesh and are willing to have their firm empaneled as Stock Auditor in the Bank.
2. The panel of auditors maintained earlier years since expired and will not be used for appointment of internal stock audit jobs and are required to apply afresh. The Bio-data should be submitted in the format to The Chief Manager (Credit Monitoring), Allahabad Bank, Zonal Office: 3-6-435, 1^st Floor, Himayatnagar Main Road, Hyd- 29, only by postal service / courier.
3. Application for empanelment for Stock audit-2009 should be mentioned on the envelope carrying Bio-data.
4. Mere submission of application does not, in any way, entitle you nor is bank under any obligation to empanel you as stock auditor. Bank also reserves the right to accept or reject any or all of the applications so received without assigning any reason.
5. The following type of audit firms are not eligible for empanelment and need not submit their Bio-data:

a) Existing concurrent auditors of the bank.

b) Audit firms who have conducted statutory audit of Allahabad bank branches for the year 2008-09

c) Associate concerns of Audit firms who have conducted statutory audit of Allahabad bank branches for the year 2008-09, defined as under by RBI:

Associate concerns means any corporate body or partnership firm wherein the proprietor and/or partner(s) of the statutory audit firm and/or their relative(s) is/are Directors or partners and/or jointly or severally hold 20% or more of the interest in the corporate body or partnership. Relative for this purpose will mean the spouse or any lineal ascendant or descendant of the proprietor or partner of the statutory audit firm.

6. If the space provided for against any item in the Bio-data format is not sufficient, details may be furnished in a separate sheet.

7. All enclosures must be attested as true copy under seal by the proprietor / at least one partner in case of partnership firm)

8. Any change in the Bio-data format will result in rejection of the same.

9. The last date for receipt of applications is 02.01.2010.

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Annexure-A

APPLICATION FOR INCLUSION OF NAME IN THE PANEL OF CHARTERED ACCOUNTANTS FOR STOCK AUDIT

1. Name of the Audit firm :

2. Address (Head office) :

3. Phone & mobile number of H.O. :

4. Fax No.& E-mail :

5. Date of Establishment

6. Registration No. of firm with ICAI :

7. Details of branch

8. Constitution (Individual/Proprietorship/ Partnership):

(Copy of partnership deed & Copy of constitution Certificate issued by the ICAI certifying the constitution of the firm & branches as on 1.1.2009 to be enclosed. If there is any change after 1.1.2009, latest certificate & latest partnership deed may be submitted).

09. Particulars of individual/proprietor/partners:

*If any partner is not full time partner, please mention the same against his name in bold letters

**Certificate of practical training or Eligibility test are not at all required.

10) Past Experience of Important Bank Assignment (Experience of Firm only to be mentioned. Separate experience of partners with any other firm is not to be mentioned) -Details of the important bank assignment(s) completed in the last 5 years and those in hand at present

Experience of Stock / Concurrent / Statutory Audit of Nationalised Banks :

(Copy of appointment letter for latest assignment to be enclosed)

11) Experience of Stock Audit of Nationalised Banks (No other audit to be mentioned here except Stock Audit):

(Copy of appointment letter for latest assignment to be enclosed)

12) Experience of concurrent audit of specialised functions in Nationalised Banks (i.e. treasury, forex, dealing room, I.S.Audit & risk based internal audit- No other audit like Revenue audit or stock audit to be mentioned here):

(Copy of appointment letter for latest assignment to be enclosed)

13) If firm or partners having any account, advance and other dealings with Allahabad Bank, please furnish necessary details indicating nature of the dealings & the name of the Banks Branch where the account/s is/are maintained.

14. Whether the firm or any partner have ever been debarred by ICAI/RBI. If yes, details to be mentioned:

15. Annual Income:

(Copy of the latest Income tax Return of the Firm to be attached.)

16. Any other details :

I/We here by confirm that the firm / any partner was not statutory auditor or associate concern (as defined by RBI) of Statutory auditors of branches of Allahabad Bank for the year 2008-09 & I/we are not disqualified under any of grounds given in Sec.226 of the Companies Act,1956

I/We here by confirm that the details / information furnished above are/is true and correct (if any detail furnished above is found incorrect later on, the Bank has right to terminate the assignment, if given any, without giving any notice).

I/ We also hereby declare that if my/ our name is included in the banks list of approved CAs/Consultants, I / we will undertake to do the tasks entrusted to me / us in the best interest of the Bank.

I/We abide by the rules and regulations of the Bank in force from time to time and will always keep the banks interest foremost in mind.