Revised Coop. dept Circular on Audit Empanelment dated 18.3.2013

Dear Members,

The circular of coop. department is hosted on http://wirc-icai.org/Default2.aspx   under section.

The Highlights of amendments made in empanelment instructions are as follows:
1. The audit experience now include the experience as internal/concurrent auditor. However, the three years experience criteria has not been relaxed; which make difficult for new member to empanel on the panel prepared by Coop. Commissioner for audit of coop. societies in the state of Maharashtra.

2. Offline Submission of Modified Form can be submitted till 25 th March 2013 in the respective DDR office. (There is no Online submission)
3. Experience now includes Internal, Concurrent and Statutory Audit experience . Firm can also add the experience of its partners as a part of their experience.
4. In case of Partnership Firm, Atleast 2 partners, should possess experience as well as knowledge in Marathi for 3 years.
5. No requirement of submitting documents in support of experience of audits conducted earlier . Only affidavit duly notarized in support of audit experience as well as working knowledge of Marathi Language is sufficient .
6. The empanelment is for three years, subject to amendment in the Act.
7. For empanelment, the firm should have head office in Maharashtra .
8. It is advisable that the members/Firms who have already submitted Forms, should please resubmit the modified form with the requisite affidavit.
9. For more details please refer instructions along with the circular No. 238/2013 dt.18.3.2013"

For circular/shudhhi patrak click here:

https://docs.google.com/file/d/0B8GyRsbVIg8gZWY1eUJIZkVFNEk/edit?usp=sharing

For revised A, B, C society classification click here:

https://docs.google.com/file/d/0B8GyRsbVIg8gTTF5c056ZGJhQ1k/edit?usp=sharing

For Empanelment Form click here:

https://docs.google.com/file/d/0B8GyRsbVIg8gbno2a3FCY2pYWFU/edit?usp=sharing

For Instruction for filling of form click here:

https://docs.google.com/file/d/0B8GyRsbVIg8gc1ZMT2ZKelJYYWM/edit?usp=sharing

For Format of Affidavit click here:

https://docs.google.com/file/d/0B8GyRsbVIg8gSEpYWGwzbWxYRGc/edit?usp=sharing

The Last date is 25.3.2013


The minimum experience of three years would really cause a hardship for new members. I'm of the opinion that, at least the new members should be allowed empanelled under "C" category. Please have your comments.

Regards,
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CA.C.V.PAWAR
PATIL DAWARE GIRASE PAWAR & ASSOCIATES

CHARTERED ACCOUNTANTS

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