Future Fridays 39#
CA Association Ahmedabad
Dear Members,
As part of our Future Friday initiative, we are pleased to share the following professional opportunity for Chartered Accountant firms:
📌 Organisation: Bank of Maharashtra
🔹 Opportunity: Empanelment of Chartered Accountant Firms as Concurrent Auditors / Revenue Auditors
🔹 Scope:
Empanelment of practicing CA firms for conducting Concurrent Audit of specified
branches for the period 1st April 2026 to 31st March 2027, and Revenue
Audit assignments during FY 2026–27 as per Bank’s requirements.
Concurrent Audit responsibilities include branch-level transaction review,
compliance verification, reporting in prescribed formats, submission of reports
with UDIN, adherence to bank’s “Dos & Don’ts,” and execution of audit in
professional and confidential manner.
🔹 Contract
Period:
• Concurrent Audit – 1 Year (extendable up to maximum 3 years subject to annual
performance review)
• Revenue Audit – As decided by the Bank during FY 2026–27
🔹 Eligibility
Highlights (Mandatory Conditions):
• Firm must be RBI empanelled and registered (Category I / II / III / IV to be
specified)
• Partnership / LLP / Proprietorship / Company format permitted
• Firms conducting Concurrent Audit of Bank of Maharashtra branches
continuously for 3 years are not eligible for re-empanelment for FY 2026–27
• Firm / Partners should not have statutory/credit/valuation assignments with
any branch of the Bank
• Adequate office setup and experienced audit personnel required
• Preference for firms having CISA / DISA qualification and prior bank audit
exposure
• Only one branch will be allotted per selected firm
• UDIN mandatory for each report
• Compliance with Section 143 of Companies Act, 2013 required
• No sub-contracting of audit assignment permitted
🔹 Mode of Application: Online only
🔹 Application
Window:
🗓 16th February
2026 (10:00 AM) to 02nd March 2026 (5:00 PM)
🔹 Apply
Online:
https://bankofmaharashtra.bank.in/coca/exist.aspx
🔹 Selection
Process:
Applications will be screened by a Committee of Executives based on experience,
staff strength, partner seniority, CISA/DISA qualification, exposure to bank
audits, and other relevant parameters. Empanelment does not guarantee automatic
allocation; branch allotment will be at the sole discretion of the Bank.
This empanelment presents a valuable opportunity for Chartered Accountant firms to work with a leading Public Sector Bank and strengthen their banking audit portfolio through structured concurrent and revenue audit engagements.
Stay tuned every Friday at 1 PM for more such opportunities via Future Friday.
Warm regards,
CA Mayur Modha
Chairman, Professional Development Committee
Chartered Accountants Association, Ahmedabad
Disclaimer:
This opportunity is shared by the Professional Development Committee of the
Chartered Accountants Association, Ahmedabad (CAAA) for members’ benefit.
Members are advised to review the official notification and eligibility
criteria carefully and conduct their own due diligence before applying. CAAA
does not endorse or guarantee selection or empanelment and shall not be liable
for any direct or indirect consequences arising from reliance on this information.