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Wednesday, 24 July 2013

MEF empanelment for Bank Branch Auditors for year 2013-14 started

This is to inform that Multipurpose Empanelment form for the year 2013-14 (including form for empanelment of Bank Branch Auditors’ for the year 2013-14) has been hosted on the website www.meficai.org on 24.07.2013. Last date for submission of online applications on www.meficai.org is 26th August, 2013. 
For help please visit: http://help.icai.org/
ADVISORY FOR MULTIPURPOSE EMPANELMENT FORM (MEF) FOR THE YEAR 2013-14
1. Members are advised to submit the MEF as the Institute will be providing the requisite information from this panel only to all the requesting authorities.
2. Last date for submission of applications on the website www.meficai.org is 26thAugust, 2013. Members are advised to fill MEF well in advance to avoid last minute rush.
3. Please use Internet Explorer 6.0/ Mozilla Firefox 7.0 or later versions to fill MEF 2013-14.
4. The information filled in by the applicant in MEF can be edited/modified any number of times before online submission.
5. All correspondence, acknowledgement, discrepancy letters, etc. will preferably be through e-mail only. Please fill up e-mail id correctly and ensure that it is active.
6. It is in the interest of the members to provide correct contact details i.e. telephone number, e-mail and keep track of these as and when allotment procedure starts.
7. Unique Code Number (UCN) is very important as it facilitates compiling the applicants’ bank audit experience. Therefore, an applicant must ensure that correct UCN appears in the MEF.
• If the applicant has never been allotted UCN at any point of time, we would like to inform that UCN will be allotted to all (first time) eligible firms/Members at the time of preparation of the Bank Branch Auditor’s Panel.
• If UCN was allotted earlier, please mention the same in Memorandum of changes in case it is not appearing in the MEF and also in the hard copy of the declaration. The changes will be incorporated in MEF Database after due verification.
Therefore, you can apply Multipurpose Empanelment Form without UCN also.
8. Applicant practicing in individual name should continue to use the same UCN in case he forms a sole proprietary concern.
9. Members may note that experience in capacity, as articled/audit assistant or paid employee/assistant should not be added in experience columns’ to be mentioned in questions of MEF.
10. In case the applicant was appointed as Central/Branch Statutory Auditor of a Public Sector Bank in the previous financial year, the following may be noted to avoid conflict of interest:
a. Don’t associate with the same Bank (of which the applicant is appointed as statutory auditor) or any of its subsidiaries/associates, as concurrent/internal /  income and expenditure or revenue auditor/stock auditor/auditor of borrowers’ accounts.
b. Don’t take a loan (including outstanding on credit card) from/give a guarantee to a loan from the same Bank (of which the applicant is appointed as statutory auditor) or any of its subsidiaries/associates .
c. Don’t accept the position of a Director on the Board of the same Bank (of which the applicant is appointed as statutory auditor) or any of its subsidiaries/ associates.
11. If an applicant has done audit of two or more than two entities or Statutory Central and/or as well as branch audit of a Bank for the same year, then it should be counted as one year experience only, while filling-up various questions of MEF.
12.The Institute reserves right to call for additional information including financial documents, annual financial statements, income tax & service tax returns and such other documents, from the applicant as may be considered appropriate.
13.While every care is taken in preparing the panel, in the event of any inadvertent mistake or omission, the Institute will not be responsible in any manner.
14.The Institute does not undertake any responsibility with regard to the allotment of audit. 15. PROCEDURE FOR LOGGING INTO MEF:
• MEF is designed differently in case of sole proprietary concern, partnership concern and members practicing in individual name and therefore, the applicant should select his option carefully.
• Visit www.meficai.org and select your option for empanelment as a sole proprietor/partnersh i p concern/individual.
• Remember the PASSWORD for future reference, as you would be able to log into your form using this password ONLY.
16.All the information being sourced from Institute database is static (not editable) and the same will be appearing with green background. Applicants, who do not agree with the details appearing in these fields, should fill in the Memorandum of Changes.
17.COMPLAINT FILING MECHANISM
a. In case, an applicant faces any problem in accessing, operating or submission of MEF, complaint may be lodged by accessing complaint-box link available on www.meficai.org
b. Applicants can lodge their complaint by using either MEF No./ MRN / FRN
c. Complaint number will be displayed on the system after successful lodging of complaint. Please note the complaint number for future reference. Applicant would be able to view the status of their complaints by using MEF No. /Complaint No./MRN/FRN.
d. All the complaints lodged by the applicant would be looked into by PDC Secretariat.
18.In case, the complaint is not resolved or replied within a week, members can call at 011-30110444, 30110438, 30110440, 30110451, 30110480 and 30110508.
19.SUBMISSION OF DOCUMENTS
A hard copy of the Declaration duly signed by all (the continuing) partners/ proprietor/ member practicing in individual name accompanied by a print of acknowledgement of submission of MEF must be sent to ICAI by courier/speed post/hand delivery at the following address in an envelope superscribed wit ” DECLARATION FOR MEF 2013-14 ” so as to reach on or before 5th September, 2013.
The Secretary
Professional Development Committee
The Institute of Chartered Accountants of India
“ICAI Bhawan ” Plot No- A- 2 9
Sector 62, NOIDA
Dist: Gautam Budh Nagar
Uttar Pradesh
PIN- 201309
20. Receipt of hard copy of the Declaration will not be individually acknowledged. The same will be displayed on the website mentioning MEF number within 15 days of receipt of the Declaration. Declarations will then be verified for completeness and correctness and discrepancy (ies), if any, will be intimated to the applicant by email.
Members are advised not to correspond directly with the authorities on matters related to empanelment.
ADVISORY FOR MULTIPURPOSE EMPANELMENT FORM (MEF) FOR THE
YEAR 2013-14
1.   Members are advised to submit the MEF as the Institute will be providing the requisite information from this panel only to all the requesting authorities.
2.   Last date for submission of applications on the website www.meficai.org is 26thAugust, 2013. Members are advised to fill MEF well in advance to avoid last minute rush.
3.   Please use Internet Explorer 6.0/ Mozilla Firefox 7.0 or later versions to fill MEF 2013-14.
4.   The information filled in by the applicant in MEF can be edited/modified any number of times before online submission.
5.   All correspondence, acknowledgement, discrepancy letters, etc. will preferably be through e-mail only. Please fill up e-mail id correctly and ensure that it is active.
6.   It is in the interest of the members to provide correct contact details i.e. telephone number, e-mail and keep track of these as and when allotment procedure starts.
7. Unique Code Number (UCN) is very important as it facilitates compiling the applicants’ bank audit experience. Therefore, an applicant must ensure that correct UCN appears in the MEF.
·         If the applicant has never been allotted UCN at any point of time, we would like to inform that UCN will be allotted to all (first time) eligible firms/Members at the time of preparation of the Bank Branch Auditor’s Panel.
·         If UCN was allotted earlier, please mention the same in Memorandum of changes in case it is not appearing in the MEF and also in the hard copy of the declaration. The changes will be incorporated in MEF Database after due verification.
Therefore, you can apply Multipurpose Empanelment Form without UCN also.
8. Applicant practicing in individual name should continue to use the same UCN in case he forms a sole proprietary concern.
9.   Members may note that experience in capacity, as articled/audit assistant or paid employee/assistant should not be added in experience columns’ to be mentioned in questions of MEF.
10.In case the applicant was appointed as Central/Branch Statutory Auditor of a Public Sector Bank in the previous financial year, the following may be noted to avoid conflict of interest:
a.    Don’t associate with the same Bank (of which the applicant is appointed as statutory   auditor)                or            any   of       its     subsidiaries/assoc i ates,        as
concurrent/interna l / i ncome and expenditureor revenue auditor/stock
auditor/auditor of borrowers’ accounts.
b.    Don’t take a loan (including outstanding on credit card) from/give a guarantee to a loan from the same Bank (of which the applicant is appointed as statutory

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