Bank Branch Auditors Empanelment (MEF 2017-18) for CA Firms

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

A. MEF for FY 2017-18 

ICAI’s MEF 2017-18 Application was hosted on MEFICAI website, with eligibility for Members holding full time CoP/ Firms, as on 1 Jan. 2017. Last date for submission of online MEF 2017-18/ hard copy of “DECLARATION FOR MEF 2017-18” was extended upto 30 Aug. 2017/ 7 Sept. 2017 respectively. Now ICAI is processing those applications.

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

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)

Members were allowed to view/ edit the Application in different stages till submission of the same. Subsequently only view/ print options are available in respect of the whole application, declaration and acknowledgement.

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

ICAI has published a list of Declarations Received for MEF 2017-18, 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

List of Cases where Financial Documents Called for MEF 2017-18

List of Cases where Financial Documents Received 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:

C. Other related items

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

List of Statutory Branch Auditors of PSU Banks 2015-16 published by RBI

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

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

2 Comments

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

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