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  #1  
19th November 2015, 11:15 AM
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Pnb cdr

Hey buddy can you please get some information about the Appointment Of CA Firm As Concurrent Auditor In Cdr Account issued by the Punjab National Bank?
  #2  
19th November 2015, 11:18 AM
Super Moderator
 
Join Date: May 2012
Re: Pnb cdr

Feel free buddy I will help you here to get the information about the Appointment Of CA Firm As Concurrent Auditor In Cdr Account issued by the Punjab National Bank so that you can have idea about it.


Here is the eligibility criteria for selection

Criteria for selection of Auditors :


i. Preference to be given to the auditors of the area where unit/corporate office of
the borrower is located.

ii. Based on the experience of the auditors and our bank’s requirement, the audit
work shall be allotted to one of the suggested auditors

iii. Minimum experience of conducting stock/concurrent audit in banks/FIs for a
period of 5 years.

iv. Initial appointment will be for one year and not to continue for more than 2 years
at a stretch.

v. Cap on number of assignments: A single CA firm should be allotted one CDR
account only.

vi. Cooling off period:
Once a concurrent auditor has completed 2 years with an account, compulsory
cooling off period of 1 year may be imposed before the firm can be appointed
again.

Scope of Auditors

I. Verification of Cash Flows

a) Inflows

b) Outflows

II. Creditors

III. Sales

IV. Debtors and advances


Punjab National Bank CDR account information







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