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June 14th, 2016, 07:51 AM
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Join Date: Mar 2012
Empanelment for Concurrent Audit of Oriental Bank of Commerce

Hello I am interested in having information about the decision by the Oriental Bank of Commerce along with HSBC and Canara Bank for empanelment of auditor for Concurrent Audit?

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited ("Company") is carrying on disaster protection business in India. Organization means to recognize and connect with a firm of Contracted Accountant to lead Concurrent Audit of Investment exchanges and related frameworks beginning 1st April 2012 for which this RFP is being issued.

The reason for this RFP is to advise potential firms of Chartered Accountants of an expert opportunity and to request proposition for leading Concurrent Audit as per the scope point by point in the „Technical Guide on Internal/Concurrent Audit of Investment Functions of Insurance Companies‟ ("Technical Guide") issued by the Institute of Chartered Accountants of India (in discussion with IRDA).

Demand for Proposal Definitions


All through this Request for Proposal, the accompanying definitions are utilized:

"Bidder" implies a firm of Chartered Accountants enrolled with the Institute of Contracted Accountants of India (ICAI) that submits, or expects to present, a proposition in reaction to this "Solicitation for Proposal";

"Merchant" implies the Bidder recompensed a Contract coming about because of this RFP;

"Contract" implies the assertion framed between the Company and the effective bidder as prove by a Letter of Engagement issued to the Company; "Contract Documents" implies the Agreement, the Bidders proposition record, the RFP also, such different reports as recorded in the Agreement, including all corrections or addenda concurred between the gatherings;

"Must", "obligatory" or "required" means a flat out least capacity or limit, which, if not fulfilled in the proposition, may bring about exclusion in the last assessment; "De-distinguishing proof" is the procedure of expelling from information any data from electronic media that distinguishes a specific person.

"RFP" implies this solicitation for proposition including any corrections, connections, and/or illuminations relating to this RFP that might be issued before the end date; and, "Should", "may" or "is attractive" means alluring yet not obligatory capacities or limits. Bidders who can give these capacities or limits might be assessed more positively than the individuals who can't.

Last edited by Neelurk; March 17th, 2020 at 01:34 PM.
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