Bank Branch Auditors Empanelment (MEF 2017-18): Last Date Extended to 30 Aug. 2017

MEFICAI Empanelment/ Bank Branch Auditors Panel; Last Date further Extended for submission of online MEF/ Declaration to 30 Aug./ 7 Sept. 2017 (from last extended dates of 25 Aug./ 30 Aug. 2017)

A. MEF for FY 2017-18 

ICAI’s MEF 2017-18 is live now. Members holding full time CoP/ firms, as on 1 Jan. 2017, can fill/ apply by visiting the MEFICAI website. Last date for submission of online MEF 2017-18 is further extended to 30 Aug. 2017 (from 25 Aug. 2017). Also, last date for submission of hard copy of “DECLARATION FOR MEF 2017-18” is further extended upto 7 Sept. 2017 (from 30 Aug. 2017). 

ICAI Further Extends Last Date for MEF 2017-18: Announcement dt. 25 Aug. 2017

ICAI Extends Last Date for MEF 2017-18: Announcement dt. 12 Aug. 2017

Please visit the MEF 2017-18, if you are a new user or if you have already accessed/ submitted the application for MEF 2017-18.

Specimen Formats of MEF 2017-18

Sample MEF 2017-18 (Individual Members)

Sample MEF 2017-18 (Sole Proprietorship Firms)

Sample MEF 2017-18 (Partnership Firms)

Please note that Members can view the Application and can Edit the Application in different stages. However after submission of the application form members will not be able to edit the application. They would be able to view the details submitted through the Application Form and take print out of declaration/ acknowledgement and of the whole application form. Also please use Internet Explorer 6.0/ Mozilla Firefox 7.0 or later version to fill MEF 2017-18.

In case, any online complaint relating to MEF 2017-18 is not resolved/ replied within a week, member(s) concerned can email to mefpdc@icai.in or call at 011-30110444 and 30110440 (between 3.00 PM to 5.00 PM n all working days).

ICAI has published a list of Declarations Received for MEF 2017-18 (upto 1 Sept. 2017), wherein you can verify that your declaration has reached ICAI or not.

Further, ICAI has called for Financial Documents of the applicants for Multipurpose Empanelment Form (MEF) 2017-18, as under:

ICAI Calls for Financial Documents of Applicants for MEF 2017-18

B. MEF for FY 2016-17 

Final Bank Branch Auditors’ Panel of CAs/ Firms (MEF) for the FY 2016-17 had been forwarded by ICAI to RBI for approval. The approved panel of CA Firms has been forwarded by RBI to respective banks. Further, you can check your UCN by visiting the MEFICAI website.

a) Expert Panel for Addressing Bank Branch Audit Queries for FY 2016-17

To support Members in conducting bank audits of FY 2016-17, the ICAI has constituted an expert panel (with email id: bankauditfaq@icai.into help resolve queries (during 1 Apr. 2017 to 15 Apr. 2017) relating to determination of NPA status, demonetization issues, implications of complicated data found in a branch audit, unavailability of any relevant RBI circular, implications of the requirements of RBI circular, nature and adequacy of documentation, possible wordings of the audit report on some important matters in bank branch audit, reporting on Long Form Audit Reports, Ghosh and Jilani Committee requirements, special purpose reports and certificates, etc. For more information, please refer the link below:

AASB, ICAI’s Expert Panel for Addressing Bank Branch Audit Queries for FY 2016-17

b) Unique Code Number (UCN): Final MEFICAI Panel FY 2016-17

You can check your UCN by visiting the MEFICAI website using the following link:

Know your Unique Code No. (UCN)

c) Final Bank Branch Auditors Panel for the FY 2016-17

Final Bank Branch Auditors’ Panel of CAs/ Firms (MEF) for the FY 2016-17 had been forwarded by ICAI to RBI for approval. The approved panel of CA Firms has been forwarded by RBI to respective banks, which have started sending offer letters through email to select firms/ chartered accountants for their consent/ acceptance before allocation of branches for audit.

Reportedly, the members have started receiving offer mails from SBI, SBBJ, SBOP, Syndicate Bank, Uco Bank, etc. It’s advisable to keep checking emails regularly, for next few days, to avoid missing any such much awaited opportunity.

Final List/ Panel of Chartered Accountants/ Firms prepared by ICAI

At some stage we have captured the following data from MEFICAI website, however for updated/ official version of Draft/ Final Panel, please visit the official website:

d) MEF-ICAI Multipurpose Empanelment Form 2016-17

MEF 2016-17 for empanelment of Bank Branch Auditors for FY 2016-17 is hosted at MEFICAI website. MEF 2016-17 is divided into three parts, i.e. i) Part A: For Bank Branch Auditor’s panel ; ii) Part B: For Additional information for Multipurpose Empanelment; and iii) Part C: For panel of Cooperative Societies and Cooperative Banks.

ICAI has published a list of Declarations Received for MEF 2016-17, wherein you can verify that your declaration has reached ICAI or not. Also, in case you have submitted digital signed MEF, then the same can be verified from the list of Digitally Signed Declarations published by MEFICAI.

The ICAI has issued a Clarification (dt. 6 Oct. 2016) in respect of Benefit of Seniority and Credit of Exclusiveness in the case of Proprietory Concern/ Sole/ Individual Practice for the purpose of MEF 2016-17. For details, please refer the link below:

ICAI Clarifications reg. Proprietory Concern/ Sole/ Individual Practice (MEF 2016-17)

C. Other related items

RBI Approved Audit Firms for appointment as CSA in Banks for 2015-16

RBI Norms on Eligibility, Empanelment, Appointment of Branch Auditors 2015-16

Revised MEFICAI Norms for Firm Category for Allocation of Bank Branch Audit

RBI Norms for Appointment of Bank CSA from 2016-17 onwards

2 Comments

  1. T. Ravindra Aug 24, 2016
    • Ashwani Mehta Aug 24, 2016

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