To, Place:

The Assistant General Manager, Date:

Dear Sir,

Acceptance Letter for Stock Audit

We acknowledge the receipt of your letter no. dated 24/06/2019 advising the empanelment of our
Firm for the purpose of Stock Audit. We are pleased to accept all the terms and conditions stipulated
therein and expressly agree to abide by such other reasonable terms and conditions stipulated from
time to time.

We also agree and undertake :-

 To execute and perform as per given terms of reference and devote sufficient time and give
personal attendance to the Bank’s work.
 To maintain secrecy about the working of the borrowal units to be audited as required by the
Bank.
 Not to use any legend containing the Bank’s name or symbol such as “Practicing Chartered
Accountant/Cost Accountant/Consultant to Allahabad bank or advisor or Consultant to
Allahabad Bank” on their letter head or visiting card.
 Not to appear/advise against any branch of the Bank and also undertake not to represent or
process the case of any of the constituents of the Bank for any matter,
 Not to become a party to disclosure as this is prejudicial to the interest of the bank

Thanking You

Yours faithfully