I New firms to be empanelled from the list of audit firms whose Chartered Accountants should have Diploma in Information and System Accounting (DISA) qualification.
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II Selection for new audit firms to be made only from category III and from category IV SP upto 20% of the total requirement in respect of vacancies.
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III Re-appointment of on-going existing audit firms as SCA and SBA if they are in the list of ICAI.
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IV Partnership firms having a minimum of two Chartered Accountants as partners, of whom at least one should be a full time partner, and the firm or at least one of the partners having a minimum of 5 years experience of bank audit.
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V Audit firms that have served as SCA in one RRB consecutively for 3 years to be rested for two years.
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VI Audit firms that have served as SBA (Statutory Branch Auditor) in one RRB consecutively for 4 years to be rested for two years.
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VII Audit firms having experience of bank audit not less than 5 years to be considered.
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VIII A panel of 2 firms as stand-by for SCA and 2 firms as stand-by for SBA of each of the RRBs is being prepared and provided to RRBs after GOI approval.
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IX Sole proprietorship firms to be considered as SBA , to the extent of 20% of the total requirement.
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