Bank Branch Auditors Panel for ICAI Members/ CA Firms: MEF 2017-18

MEFICAI Empanelment/ Bank Branch Auditors Panel for CA Firms (2017-18)

After processing the Empanelment Applications of Members/ CA Firms, the ICAI had forwarded the Bank Branch Auditor’s panel (2017-18) to RBI. Reportedly, on 10 March 2018, the RBI has forwarded the list of branch auditors for 2017-18 to all PSU Banks, after necessary review. Now banks will start sending offer emails to applicants to proceed with appointment of branch auditors. So, keep checking your emails regularly.

Bank Branch Auditor’s Panel 2017-18

It may be noted that the Bank Branch Auditors Panel (2017-18) contains the applicants information relating to MEF No., FRN No./ MRN No., Concern Name, Unique Code No. (UCN), Pin Code, District, Category and Remarks (if any).

ICAI’s Expert Panel for Support on Queries/ Issues relating to ‘Bank Branch Audit (2017-18)’

the ICAI has constituted an Expert Panel for Support on ‘Bank Branch Audit (2017-18) related Queries/ Issues’, including for clarifications on RBI guidelines/ requirements on NPAs, Documentation, LFAR, Ghosh and Jilani, Certification work, etc., as under:

ICAI’s Expert Panel for Queries/ Issues relating to ‘Bank Branch Audit (2017-18)’

List of Firms appointed by RBI as CSA in PSU Banks (2017 18)

RBI has published the List of Audit Firms approved for appointment as Central Statutory Auditors (CSAs) in 21 Public Sector (PSU) Banks for the financial year 2017 18, as under:

RBI List of Central Statutory Auditors (CSAs) of 21 PSU Banks Appointed for 2017-18

ICAI has processed the Empanelment Applications of Members/ CA Firms and has forwarded the Bank Branch Auditor’s panel (2017-18), along with the eligible category of the respective applicants. After review, the RBI will forward the Branch auditor’s Panel to all PSU Banks, around 15 March 2018. Subsequently, banks will send emails to suitable Members/ CA Firms. Those who have applied for emapenlment are advised to keep checking their emails.

Bank Branch Auditor’s Panel 2017-18

It may be noted that the Bank Branch Auditors Panel (2017-18) contains the applicants information relating to MEF No., FRN No./ MRN No., Concern Name, Unique Code No. (UCN), Pin Code, District, Category and Remarks (if any).

Other related items

ICAI’s Guidance Note on Bank Audit 2018 Revised Edition (dt. 11 March 2018)

ICAI’s Advisory for Allocation of Work among Joint Auditors of Banks dt. 6 March 2018

List of Statutory Branch Auditors of PSU Banks 2016-17 published by RBI

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

RBI Norms for Appointment of Bank CSA from 2017-18 onwards

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

Statutory Bank / Branch Audit Fee Structure applicable for 2016-17 as per RBI

2 Comments

  1. TS Sreenivasa Iyer Jan 27, 2018
  2. I K Chaudhuri Feb 24, 2018

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