ICAI inviting application for Statutory Audit of its regional offices-branches. Last date to apply is 10/05/2018

ICAI inviting application for Statutory Audit of its regional offices-branches. Online application to be made latest by 10/05/2018 up to 1600 hours.

Notice Inviting Expression of Interest for engagement of Chartered Accountants Firms for
Statutory Audit of various units of the Institute of Chartered Accountants of India (ICAI)

[Announcement No. EOI/SA/2018-19 Dated 01/05/2018]

ICAI has invited applications from eligible Chartered Accountants firms for Statutory Audit of its various units (its units i.e. Branches, Decentralized Offices and Regional Councils ) for the financial year 2018-19.

ICAI inviting application for Statutory Audit of its regional offices-branches

The basic eligibility criteria for selection is as under:

. No. Categories Basic Criteria
1. Regional Councils, Decentralized Offices and Branches located at Decentralized Offices > Firm with a minimum of 5 partners of which at least 2 partners should be FCAs.> Firm’s standing should be of at least 10 years.

> The firm should have minimum Statutory Audit experience of 5 years in public sector undertakings / banks branches.

> At least two partners should have a continued association of 5 years or more with the firm.

> Head Office of firm should be located at the concerned district/city.

2. Branches  
having membership strength more than 1000 (other than branches located at Decentralized Offices) > Firm with a minimum of 3 partners of which at least 1 partner should be FCA.

> Firm’s standing should be of at least 7 years.

> The firm should have minimum Statutory Audit experience of 5 years in public sector undertakings / banks branches.

> Head Office of firm should be located at the concerned district/city.

having membership strength from 500 to
1000
> Firm with a minimum of 2 partners of which at least 1 partner should be FCA.

> Firm’s standing should be of at least 5 years.

> The firm should have minimum Statutory Audit experience of 3 years in public sector undertakings / bank branches.

Head Office of firm should be located at the concerned district / city.

having membership strength less than 500 members Either proprietorship or partnership Firm.Firm’s standing should be of at least 3 years.

The firm should have minimum Statutory Audit experience of 1 year in public sector undertakings / bank branches.

Head Office of firm should be located at the concerned district/city.

Additional, the CA firm must have GST Registration Number and the Statutory Auditor of the Regional Councils shall be subject to peer review.

The auditors shall make a report to the Council of ICAI on the accounts examined by them, on each balance sheet and income and expenditure account or on other document annexed thereto, taking into consideration the relevant sections of The Chartered Accountants Act, 1949 and The Chartered Accountants Regulations, 1988. The audit report shall be in prescribed format. The audit report shall be on half yearly basis in addition to the report on annual accounts for the year ended 31.03.19.The half yearly and yearly report shall be submitted within 30 days from the end of respective period.

Interested firms of Chartered Accountants which meet the pre-qualification criteria may furnish their Expression of Interest at the following link:

ICAI inviting application for Statutory Audit

The application for the said assignment shall be accepted only through the above link and should be submitted latest by 10/05/2018 up to 1600 hours. 4. Queries, if any, in this regard may be sent to stat.audit@icai.in.

Any communication other than email will not be entertained. The last date for receipt of queries regarding submission of expression of interest is 08/05/2018 up to 1600 hours.

The payment for the said assignment shall be as under:

(A) Regional Councils

S. No. Region Name of the unit Audit Fees
1 Eastern Eastern India Reginal Council 58000
2 Northern Northern India Regional Council 58000
3 Southern Southern India Regional Council 58000

(B) Decentralized Offices and Branches located at Decentralized Offices

S. No. Region Name of the unit Audit Fees
1 Central Jaipur DCO & Branch 50000
2 Northern Chandigarh DCO & Branch 50000
3 Southern Bangalore DCO & Branch 50000
4 Southern Ernakulam DCO & Branch 50000
5 Southern Hyderabad DCO & Branch 50000
6 Western Ahmedabad DCO & Branch 50000
7 Western Pune DCO & Branch 50000
8 Western Western Regional Office (WRO) 75000

(C) Branches having membership strength more than 1000 (other than branches located at Decentralized Offices)

S. No. Region Name of the unit Audit Fees
1 Central Agra Branch 38000
2 Central Lucknow Branch 38000
3 Central Noida Branch 38000
4 Eastern Bhubaneswar Branch 38000
5 Northern Faridabad Branch 38000
6 Northern Gurgaon Branch 38000
7 Northern Ludhiana Branch 38000
8 Western Pimpri Chinchwad Branch 38000

(D) Branches having membership strength from 500 to 1000

S. No. Region Name of the unit Audit Fees
1 Central Dehradun Branch 20000
2 Central Patna Branch 20000
3 Central Ranchi Branch 20000
4 Central Varanasi Branch 20000
5 Eastern Siliguri Branch 20000
6 Southern Madurai Branch 20000
7 Southern Trichur Branch 20000
8 Southern Trivandrum Branch 20000
9 Southern Vijayawada Branch 20000
10 Western Aurangabad Branch 20000

(E) Branches having membership strength less than 500 members

S. No. Region Name of the unit Audit Fees
1 Central Allahabad Branch 10000
2 Central Alwar Branch 10000
3 Central Bareilly Branch 10000
4 Central Bharatpur Branch 10000
5 Central Bhilai Branch 10000
6 Central Bikaner Branch 10000
7 Central Bilaspur Branch 10000
8 Central Chittorgarh Branch 10000
9 Central Jabalpur Branch 10000
10 Central Mathura Branch 10000
11 Central Moradabad Branch 10000
12 Central Muzaffarnagar Branch 10000
13 Central Pali Branch 10000
14 Central Ratlam Branch 10000
15 Central Ujjain Branch 10000
16 Eastern Asansol Branch 10000
17 Eastern Sambalpur Branch 10000
18 Northern Bhathinda Branch 10000
19 Northern Jammu Branch 10000
20 Northern Karnal Branch 10000
21 Northern Rewari Branch 10000
22 Northern Sirsa Branch 10000
23 Southern Belgaum Branch 10000
24 Southern Bellary Branch 10000
25 Southern Erode Branch 10000
26 Southern Hubli Branch 10000
27 Southern Kakinada Branch 10000
28 Southern Kannur Branch 10000
29 Southern Kottayam Branch 10000
30 Southern Ongole Branch 10000
31 Southern Palghat Branch 10000
32 Southern Pondicherry Branch 10000
33 Southern Salem Branch 10000
34 Southern Sivakasi Branch 10000
35 Southern Tiruchirapalli Branch 10000
36 Southern Tirunelveli Branch 10000
37 Southern Tuticorin Branch 10000
38 Southern West Godavari Branch 10000
39 Western Ahmednagar Branch 10000
40 Western Anand Branch 10000
41 Western Latur Branch 10000
42 Western Navsari Branch 10000

Download ICAI EOI for Statutory Audit of its offices  Click Here >>

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