Union Bank Of India
Empanelment of concurrent auditors for financial year 2026 27- empanelment of concurrent auditors by union bank India for 2026-27
1. Nature of Work
Concurrent
Audit of Bank Branches / Units
Audit, reporting, and closure must be done online
through the Bank’s Web-Based Audit Management System (eTHIC Package).
Timely
submission is mandatory – delay will attract penalty.
2. Who Can Apply? (Eligibility Explained)
Type of Firm
Partnership
Firm of Chartered Accountants is preferred.
If partnership firms are not available:
Proprietary
CA firms
may be considered only if they have:
ICAI Certificate Course on Concurrent Audit
of Banks and/or
CISA / DISA / NISM DOCE or similar
expertise.
Mandatory
Registrations
Registered with ICAI
Registered with RBI and
having Unique
Code Number (UCN)
Qualification of Partners
At least one partner / CA
must have completed:
ICAI
Certificate Course on Concurrent Audit of Banks
Firm must have qualified IS Auditor (CISA /
DISA)
Because the Bank’s operations are fully
computerized.
Technical Capability
Auditor & staff must be computer
literate
Comfortable with online audit systems (eTHIC software)
3. Important Disqualifications (Very Important)
❌ Firms under Cooling
Period are not eligible
❌ Firm or associate should NOT be Statutory
Auditor of the Bank or its branches
❌ Firm must not be disqualified u/s 141 of Companies Act,
2013
❌ Firm/partners should not have credit relationship
with the Bank
(Except loans against own deposits/jewels)
❌ Firms having common partners
→ Only ONE
application allowed
Any relationship with Bank staff or directors must be clearly disclosed
4. Special Preference
Preference will be given to firms:
Having office in the same centre
as the auditee branch/unit
Having experience of Concurrent Audit with Union Bank of India or other PSBs
5. Additional Condition (DP Branch)
Firms having partners with valid
NISM DOCE certificate can apply for DP Branch Audit
If certificate expires during tenure →
partner must re-qualify
Certificate of any other person will not
be accepted
6. Documents Required (Checklist Simplified)
You must submit ALL of the
following:
ICAI Firm Registration Certificate
ICAI Certificate – Concurrent Audit of
Banks
CISA / DISA Certificate
RBI Unique Code Number letter
Firm PAN
GST Registration
NISM DOCE Certificate (if applicable)
Acceptance Letter – Annexure
A
Due Diligence of Staff – Annexure
B
Non-disqualification Declaration – Annexure
C
Do’s & Don’ts for Concurrent Auditors –
Annexure
D
Declaration of Fidelity & Secrecy – Annexure
E
Undertaking for completion of residual
audit work – Annexure F
Declaration of no professional/commercial
relationship & no NPA – Annexure G
Undertaking to provide certificates without
extra fees – Annexure H