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.
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:
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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