Helena, 57, Mount Carmel Road, Bandra West, Mumbai – 400050.
 
CITIZENCREDIT CO-OPERATIVE BANK is one of the fastest growing Banks in the Co-operative Banking Sector, with a business mix of around Rs.4410 crores and 43 Branches. The Bank is in the multi-state sector and envisages significant growth of presence in other states, volume/ mix of business, value added services and enhanced profitability. The Bank is professionally managed & fully automated.

The Bank invites applications from eligible Chartered Accountant firms for appointment as Auditors for conduct of the following special audits for the period 01.04.2016 to 31.12.2017:



The applicant Auditors should have minimum 5 years of experience in carrying out the above audits at other Co-operative Banks and should be eligible as per the terms and conditions stated in Annexure I. In case of application for Audit of Information Security, Structured Financial Messaging System and ATM, only those firms are requested to apply who have a CISA qualified auditor with requisite past experience in their employment to conduct the Audit.

The Audit Report is required to be submitted to the Bank within 45 days from the date of receipt of Appointment Letter from the Bank.

Individuals/ Firms conforming to the above criteria may apply in strict confidence with full particulars of qualifications, experience in the field, quote for audit and credentials (Refer to Application Form in Annexure II) to The Asst. General Manager, Audit, CITIZENCREDIT CO-OPERATIVE BANK LTD., Helena, 57, Mount Carmel Road, Bandra West, Mumbai – 400050 latest by 21.12.2017.

ANNEXURE I

Terms and Conditions:

  • None of the Partners of the Firm/Proprietor of the concern be a Director of CitizenCredit Cooperative Bank Ltd.
  • The firm or its Partner/Proprietor have/has not been subjected to inquiries in the past for misconduct by the Institute of Chartered Accountants of India as per provision of section 21 of the Chartered Accountants Act, 1949. Similarly, no such inquiries are pending initiated or contemplated by the Institute till date.
  • The firm/any partners/ Directors of the firm/ Company should not have any disciplinary matters pending with ICAI/RBI and they should not have suffered any disqualification.
  • The assignment of audit should not be sub contracted to other firm/persons in any manner whatsoever.
  • In case of IS & SFMS Audit, the auditor should be CISA qualified with requisite past experience.
  • The Audit firm will not lobby, directly or indirectly, for any credit proposals of their friends/clients to the Bank.
  • The Audit firm / or the partners or any of their clients should not have any credit facilities with the Bank, for which they are applying, except credit facilities against their own deposits.
  • If any of the Proprietor / Partner/ Director of the Audit firm/ Company is related to any of the employees/ Directors of the Bank, the relationship with such employees/ Directors should be specifically mentioned in the application.
  • The Bank has the discretion to consider or reject any of the applications, based on any of the RBI / Government / Internal guidelines of the Bank.
  • Only the audit firm provisionally selected for empanelment will be communicated through e-mail. No individual intimation will be sent to the audit firms whose application is not considered.
  • The audit firm should give their consent in writing / undertaking letter in the Prescribed Format agreeing to comply with and be bound by the terms and conditions prescribed by the Bank.



ACCEPTENCE OF OFFER:

The audit firm which is selected for conduct of the audit(s), will be communicated through issue of Appointment letter and the acceptance to Bank’s offer is to be confirmed by the audit firm by way of return acknowledgement to the Audit department, CAO office, Bandra within 7 days of Banks communication conveying appointment.


FEES:

  • The audit firm is required to submit their quotation for conduct of audit as per market standards.
  • Audit fee will be paid [subject to deduction of applicable TDS] after submission of the complied Audit Report to the Board of Directors.


ANNEXURE II

M/s. (Name of the Chartered Accountant Firm)

I. GENERAL INFORMATION  
1. Name of the Partnership Firm  
2. Complete postal/communication
address of the Head Office/Main Office		  
3. Office telephone Number/Numbers  
4. Office FAX Number  
5. E-mail address  
6. Constitution/status, as on date  
7. Date/year of formation/
establishment of the Partnership firm		  
8. Registration Number of the firm with
date with Institute of Chartered
Accountants of India (ICAI)		  
9. Region code Number  
10. Registration Number of the firm
with date (unique code Number) with
Reserve Bank of India		  
11. Service Tax Registration Number  
12. C&AG Empanelment Number  
13. Permanent Account Number (PAN)
of the firm		  
14. Number of partners  
15. Name, qualification, membership Number, year and other details
(DISA qualification may also be mentioned)		  
Name of the partners with Contact Number Educational qualification Membership Number Year Brief profile
         
16) Details of audit staff employed  
a) Qualified Chartered Accountants  
b) Semi qualified Chartered Accountants  
c) Retired/ex-bank officers  
d) Article/audit clerks  
e) Other assistants  
f) Total  
II. Past experience of the firm relating
to various bank audits: (Scheduled
Co-operative banks/ Scheduled
Commercial Banks only)		  
A. Statutory Audit  
Name of the Bank & Branches No.of years Period
     
B. Concurrent Audit  
Name of the Bank & Branches No.of years Period
     
C. Revenue Audit/HR Audit/Operations Audit/IS, SFMS & ATM Audit  
Name of the Bank No.of years Period
     
D. Any other specialized audits conducted  
Name of the Bank & Branches Nature of assignment Year
     
III. Details of Bank audit assignments
currently on hand		  
Name of the bank & Branches Nature of audit Year
     
IV. Details of various types of audit
assignments of Citizencredit Co-operative  Bank done in the past 10 years 		 
Name of the branch Type of audit Year
     
 
V. Areas of specialization of the firm/partners in Bank audits
Specify below:
 
VI. Any other relevant details/
particulars of the firm		  
 
VII. Quotation for Audit Fees