Empanelment in bank audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2011 I have started my practice as proprietor firm recently and i am also interested in simultaneously joining as a partner in a firm.
I would like to know whether i will be disqualified for bank audits at the time of empanelment

Thank you

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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07 December 2011 Cant Apply For Initially 3 Years

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2011 I know that but will I be disqualified after 3 years if I am both in Practice as Individual and Partner in A firm

DEEPIKA GOEL

DEEPIKA GOEL (Expert)
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09 December 2011 For empanelment of banks audits, there are certain conditions which needs to be fulfilled. Only after that you are eligible for apply and have good chances for selection.

Experience:- At least 2 or 3 years old firms
Partner:- It should be partnership firm instead of proprietorship firm
Qualification:- DISA requirement in few banks. If any of partner in organisation holding DISA degree, have good chances of being selection.
Profile:- Profile of the organisation matters while applying. If you have executed any of similar audits before successfully.
Other conditions vary bank to bank.

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