Considering the requests from various Members of ICAI, it has been decided by Professional Development Committee to extend the last date for submission of online Multipurpose Empanelment Form for the year 2018-19 including Declaration and Financial Documents till 12.00 am of 10^th September, 2018. 
 
Chairman, Professional Development Committee

We are receiving queries from Members regarding the changes in norms of Appointment of Statutory Bank Branch Auditors for the year 2017-2018. We wish to clarify that the said norms continue to be same and there are no changes.

Bank Branch Auditors' Panel for the year 2017-18 has been sent to all Public Sector Banks by RBI. Banks have started allotment process. Members are advised to please check the registered email id and SMS regularly to respond to the Banks within the stipulated time.

As you are aware, as per the norms for Selection of Statutory Branch Auditors issued by RBI, banks will have to make the appointment of branch auditors for the continuous period of four years subject to the firms satisfying the eligibility norms each year. In case the audit firm is the continuous auditor of the bank and four year audit cycle has not been completed, but not reappointed, please write to the Professional Development Committee at pdc@icai.in to enable us to take the matter further with RBI

A letter dated 12th March, 2018 was submitted to RBI wherein it is requested to RBI to revise the audit fees being paid to auditors of Public Sector Banks to ensure improvement in the overall functioning and also, to provide a level of satisfaction to the professional accountants.

Letter dated 28th March, 2018 was submitted to National Highways Authority of India wherein a request was made to NHAI to kindly modify the notice issued for Empanelment for their Internal Audit and issue the revised one with liberal eligibility criteria for chartered accountants or a parity be made in the eligibility criteria for all professionals.

A letter dated 13th April, 2018 was submitted to United Bank of India wherein it has been requested to the bank to eliminate the criteria of submission of 3 reference letters by Chartered Accountants and issue a fresh notice with regard to Empanelment of Stock & Receivable Auditors for the Bank.

Letter dated 17th April, 2018 was submitted to Poverty and Human Development Monitoring Agency, Odisha wherein a request was made to PHDMA to reissue the EOI as Chartered Accountant in practice who is the auditor of the organisation cannot undertake the work of preparation of accounts thereof of the same organisation for the relevant period.

Letter dated 19th April, 2018 was submitted to Andhra Pradesh Medical Services &Infrastructure Development Corporation wherein a request was made to APMSIDC to reissue the EOI as Chartered Accountant in practice who is the auditor of the organisation cannot undertake the work of preparation of accounts thereof of the same organisation for the relevant period.

Letter dated 19th April, 2018 was submitted to Haryana Amalgamated Fun-cum-Director Sainik and Ardh Sainik Welfare Department, Chandigarh wherein a request was made to reissue the EOI as Chartered Accountant in practice who is the auditor of the organisation cannot undertake the work of preparation of accounts thereof of the same organisation for the relevant period.

The office of O/o C&AG is hosting Provisional Panel of Chartered Accountant firms/LLPs for the year 2018-19 for indicating the position (along with provisional point score) of the firms who had applied for empanelment with the Office of the C&AG of India for appointment as auditors of Government Companies/ Corporations for the year 2018-19. The provisional panel will be available from April 24th, 2018 to May 03rd, 2018 on the website www.cag.gov.in

         Representation/Queries, if any, for clerical mistakes in the online data may be sent by email only at sao2ca5@cag.gov.in by May 03rd, 2018.

          For any query/issue, please contact O/o C&AG at sao2ca5@cag.gov.in or at 011-23509223, 011-23509240.

Professional Development Committee

Letter dated 21st May, 2018 submitted to Canara Bank wherein the GST No. column is one of the mandatory fields so a request was made not to keep the column of GST No as a mandatory field as requirement of GST Registration is only, if the aggregate turnover exceeds Rs. 20 lakhs.

In response, Canara Bank has confirmed that the field of GST No is made optional now and the members who are having the GST no may provide the same.

Letter dated 21st May, 2018 submitted to Vijaya Bank wherein the GST No. column is one of the mandatory fields so a request was made not to keep the column of GST No as a mandatory field as requirement of GST Registration is only, if the aggregate turnover exceeds Rs. 20 lakhs .

In light of the notification dated 07/04/2016, our Chartered Accountants members are not allowed to respond to tenders that are for conducting statutory audit and where minimum fee of the assignment is not prescribed.

In light of the notification dated 07/04/2016, our Chartered Accountants members are not allowed to respond to tenders that are for conducting statutory audit and where minimum fee of the assignment is not prescribed.

Letter dated 23rd May, 2018 submitted to Punjab & Sind Bank wherein the GST No. column is one of the mandatory fields so a request was made not to keep the column of GST No as a mandatory field as requirement of GST Registration is only, if the aggregate turnover exceeds Rs. 20 lakhs.
In response, Punjab & Sind Bank vide their mail dated 24th May, 2018 confirmed that the field of GST No is made optional now and the members who are having the GST no may provide the same.

In light of the notification dated 07/04/2016, our Chartered Accountants members are not allowed to respond to tenders that are for conducting statutory audit and where minimum fee of the assignment is not prescribed.

In light of the notification dated 07/04/2016, our Chartered Accountants members are not allowed to respond to tenders that are for conducting statutory audit and where minimum fee of the assignment is not prescribed.