Stock Auditor (Empanelment of Chartered Accountant Firms)

Quick overview

About the job

Odisha Grameen Bank is seeking a Chartered Accountant (CA) firm to be empanelled as a Stock Auditor. The selected firm will conduct periodic stock audits of the bank’s accounts that have a working-capital limit of ₹1 crore or more. This is a contractual engagement rather than a regular employee position.

Vacancy details

Only one firm will be empanelled under this notification. The bank will issue a formal empanelment letter to the successful applicant.

Salary & benefits

The bank pays a professional fee of ₹7,500 per month to the empanelled firm for the audit services rendered. The fee is payable as per the terms mentioned in the empanelment agreement.

Eligibility

• CA firm must be registered with the Institute of Chartered Accountants of India (ICAI).
• Minimum 5 years of post-qualification practising experience.
• At least 2 years of that experience must be in stock audits for banks, financial institutions or similar entities.
• All partners/directors must be Indian citizens and income-tax assessees.
• Age of any individual partner or proprietor must be between 25 and 75 years at the time of application.
• Preferred: prior empanelment with PSBs/FIs, engineering background, SAP experience, or CISA/DISA certification.

Application fee

The professional fee of Rs.7,500 is to be paid as part of the application. No other fee is mentioned.

Selection process

The official notification does not describe a selection process. The bank will evaluate the submitted Annexure-A biodata, supporting documents, and past audit experience before empanelment.

Important dates

How to apply

1. Download Annexure-A (prescribed format) from the official notification or the bank’s website.
2. Fill the form on the firm’s letterhead, attaching all required documents (registration certificates, PAN, TIN, UCN, audit experience proof, partners’ details, etc.).
3. Pay the professional fee of Rs.7,500 as instructed in the notification.
4. Send the complete application by **registered post** to:
   General Manager (Inspection), Odisha Grameen Bank, At-Gandamunda, P.O.-Khandagiri, Bhubaneswar-751030
5. Ensure the post is dispatched early enough to reach the bank before 31 Oct 2026, 5 p.m.
6. Do not send the application by email; it will be rejected.
7. Keep a copy of the postal receipt as proof of submission.

Always verify the latest details on the official notification link.

Documents to keep ready

• Annexure-A biodata form (filled on firm’s letterhead)
• Certificate of registration with ICAI
• PAN, TIN, UCN of the firm
• Details of partners/directors (photos, PAN, address, qualifications)
• Financial statements showing revenue and net profit for the last three years
• Proof of stock audit experience (audit reports, client letters)
• Professional fee receipt

How to prepare

• Review the bank’s stock audit guidelines and recent audit reports to understand the scope of work.
• Compile a clear, concise portfolio of past stock audit projects; this will strengthen your application.
• Use the AI Quiz Generator to test your knowledge of stock-audit standards and regulations.
• Prepare a professional resume for the firm using the Free Resume Builder to present the firm’s credentials effectively.
• If you have specific doubts about the application format, consult the IsolatedAI chat for quick clarifications.

FAQ

1. Can an individual CA apply instead of a firm?

No. The notification is specifically for empanelment of CA firms. Individual practitioners must be part of a registered firm to apply.

2. Is there any relaxation in the age limit for partners?

All partners or proprietors must be at least 25 years old and not exceed 75 years at the time of application. No relaxation is mentioned.

3. Will the bank conduct any written test or interview?

The notification does not mention a written test or interview. The bank will assess the submitted documents and past audit experience before empanelment.

4. What happens after empanelment?

The empanelled firm will receive audit assignments from Odisha Grameen Bank as per the terms of the agreement and will be paid the professional fee for each audit performed.