Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: empanelment :: cpt :: form 3cd :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Placements & Empanelment »
 New Opening Urgent Opening Qualified Chartered Accountant (CA)
  100 Opening Financial Analysts at XL Dynamics India Pvt. Ltd.
 New Opening Professor - Public Financial Management
 New Opening Associate Professor - Public Financial Management
 New Opening Internal Audit Opportunity- Deloitte India Hyderabad
 New opening Chartered Accountant - Delhi
  100 opening Engineers and Graduates at XL Dynamics India Pvt. Ltd
 New Opening Internal Audit Opportunity- Deloitte India
 100 Opening for Financial Analysts at XL Dynamics India Pvt. Ltd.
  New Opening Executive/sr. Executive/ Assistant Manager
  New Opening Accounts Executive / Senior Executive Accounts - Chartered Accountant

Revised norms for categorization of audit firms for their empanelment as branch auditors
April, 26th 2011

Revised norms for categorization of audit firms for their empanelment as branch auditors for public sector banks and branch allocation to different categories of audit firms.

Category

No. of CAs exclusively associated with the firm (full-time)

No. of partners exclusively associated with the firm (full time) (Out of 2)

Professional staff

Bank audit experience

Standing of the audit firm

(1)

(2)

(3)

(4)

(5)

(6)

I.

5

3

8

The firm or at least one of the partners should have a minimum of 8 years experience of branch audit of a nationalized bank and/or of a private sector bank with deposits of not less than Rs.500 crore.

8 years

II.

3

2

6

The firm or at least one of the partners should have preferably conducted branch audit of nationalized bank or of a private sector bank with deposits not less than Rs.500 crore for at least 5 years.

6 years (for the firm or at least one partner)

III.

2

1

4

The firm or at least one of the CAs should have preferably conducted branch audit of a nationalized bank or of a private sector bank with deposits not less than Rs.500 crore for at least 3 years.

5 years (for the firm or at least one partner)

IV.

2                                               2

Even proprietorship concern without bank audit experience may be considered as hitherto. (The proprietary concerns of Chartered Accountants with 1 paid CA, 2 professional staff and not having any statutory branch audit experience of a nationalized bank or of a private sector bank with deposits not less than Rs.500 crore will be treated at par with the partnership firm after deducting their 3 years seniority from the date of their establishment).

 

2

Not necessary

3 years

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions