| 1 |
Last date for submission of applications on the website www.meficai.org is 02nd September, 2011.(5.30 P.M.) |
| 2 |
Members are advised to fill MEF well in advance to avoid last minute rush and technical problems. |
| 3 |
The information filled in by the applicant in MEF can be edited/modified any number of times before online submission of MEF. |
| 4 |
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. |
| 5 |
Unique Code Number (UCN) is allotted by the Institute. UCN is very important because it facilitates in compiling the applicants' bank audit experience. Therefore, an applicant must ensure that correct UCN appears in the MEF. |
| 6 |
Old applicant practising in individual name should continue to use the same UCN in case he forms a sole proprietary concern. |
| 7 |
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. |
| 8 |
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. |
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| 9 |
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 entries in the form. |
| 10 |
The Institute reserves right to call for from the applicant additional information including financial documents,
annual financial statements, income tax & service tax returns and such other documents, as may be considered appropriate.
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| 11 |
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.
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| 12 |
The Institute does not undertake any responsibility with regard to the allotment of audit.
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| 13 |
Procedure for logging into MEF: |
| a. |
MEF is designed differently each in case of sole proprietary concern, partnership concern and members practising in individual name and thus, the applicant should select his option carefully. |
| b. |
Visit www.meficai.org and select your option for empanelment as a sole proprietor/partnership concern/individual. |
| c. |
Remember the PASSWORD for future reference, as you would be able to log into your form using this password ONLY. |
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| 14 |
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. |
| 15 |
Applicants should note that Q. No. 13 onwards including Requirements of Urban Cooperative Banks /Credit & other cooperative societ's panel, is optional. However, members are encouraged to provide the same to the extent possible since this would be considered to provide experience specific panels to various authorities/entities as per the criteria specified by them. No further information would be called for by the Institute in respect of experience requirements.
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| 16 |
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. |
On successful lodging of complaint, complaint number would be informed through e-mail/SMS. |
| d. |
All the complaints lodged by the applicant would be looked into by PDC Secretariat. |
| e. |
Applicant would be able to view the status of their complaints by using MEF No./Complaint No./MRN/FRN. |
| f. |
In case, the complaint is not resolved or replied within a week, members can call at 011-30110444, 30110508, 30110451, 30110480 and 30110438. |
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| 17. |
SUBMISSION OF DOCUMENTS |
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A hard copy of the Declaration duly signed by all partners/ proprietor/ member practising in individual name accompanied by a print of the e-mail acknowledging submission of MEF must be sent to ICAI by courier/speed post/hand delivery at the following address in an envelope superscribed with "DECLARATION FOR MEF 2011-12" so as to reach on or before 9th September, 2011. |
The Secretary
Professional Development Committee
The Institute of Chartered Accountants of India
ICAI Bhawan, Indraprastha Marg
New Delhi - 110 002 |
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| 18 |
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. |