Bank audit empanelment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2013 I am a Chartered Accountant having qualified in May 1986 and an Associate member of ICAI since then. I did my Industrial Training with one of the leading global / foreign banks in India. Post qualification, I decided to join Banking sector and have since thereafter worked for over 27 years with some of the leading foreign / large private sector banks in India at senior management levels. I have recently left banking services w.e.f February 2013 with a view to create my own set up as Financial Advisor including practice as Chartered Accountant. I have also applied for COP w.e.f April 2013 and already proposed to start a proprietary firm for practising as Chartered Accountant. I am also in the process of selection of few semi qualified CAs to assist me in this venture. Few of my banking colleagues (who may not CA but have good experience in Banking) are also willing to join me.

Being part of Corporate Banking world, I have business association with good number of large/mid market corporate clients/promoters in India. Given my varied practical experience in Banking for almost 3 decades, I am very confident to handle Bank audit. I intend to apply for my empanelment for Bank audit during forthcoming process.

I understand the criteria for empanelment includes period for which the audit firm is in existence, number of partners in the firm etc etc. Given my strong background in Banking, can you please suggest me how should I proceed for my empanelment for Bank Audit during current year ??

Your guidance in the matter will be highly appreciated.

Best regards and Thanks.