RFP for Engagement of Statutory Auditors for IICA for FYs 2024-25, 2025-26 and 2026-27

Request for Proposal (RFP) for Engagement of Statutory Auditors for Indian Institute of Corporate Affairs for the financial years 2024-25, 2025-26 and 2026-27

Indian Institute of Corporate Affairs has invited Request for Proposal for Engagement of Statutory Auditors for the financial years 2024-25, 2025-26 and 2026-27.

The Indian Institute of Corporate Affairs (IICA) invites sealed quotation from Chartered Accountants Firm for conducting Statutory Audit of Accounts of the Institute for the financial years 2024-25, 2025-2026 and 2026-27. The intended bidders may submit their sealed quotation up to 15-03-2024 upto 12 p.m. at Indian Institute of Corporate Affairs, Manesar (Haryana).

Important Dates:

A list of firms of consulting firms with five of more partners which are based in Delhi/NCR, as forwarded will be been shortlisted.

The interested Chartered Accountant’s firms may put the tender document completed in all respects along with Earnest Money Deposit (EMD) of Rs. 5000/- (Rupees Five Thousand only) and other requisite documents on or before 15-03-2024 at 12PM. The tender shall not be entertained after this date under any circumstances.

Tendering Process:

(a) The Contractors are required to submit two separate Bids i.e. Technical and Financial, as per prescribed proforma. The two bids should be submitted in two separately sealed envelopes superscribed “Technical Bid for Conducting Statutory Audit of Accounts of Indian Institute of Corporate Affairs for the FY 2024-25, 2025-26 & 2026-27” and “Financial Bid for Conducting Statutory Audit of Accounts of Indian Institute of Corporate Affairs for the FY 2024-25, 2025-26 & 2026- 27”

(b) The Financial bids of only those Bidders who qualify in technical bid evaluation by the concerned committee shall be opened. The financial bids of all those Bidders who have failed to qualify in the technical bid will not be opened under any circumstances.

The interested Chartered Accountant’s Firms are requested to enclose photocopies of the following documents (Self-attested) along with the Technical Bid, failing which their bids shall be summarily / out-rightly rejected and will not be considered any further:
a. Membership certificate of practice;
b. PAN Card;
c. Latest IT return filed by firm;
d. Latest IT return of Partners;
e. GST registration certificate;
f. Document in support of financial turnover of the agency;
g. Statement of Bank A/c in the name of Firm (last six month);
h. Undertaking to be furnished by the service provider that the service provider is having no legal suit / criminal case pending against Firms and its partners or having not been earlier convicted on grounds or moral turpitude or for violation of laws in force.

Pass/ Fail Criteria:

 The Chartered Accountant Firm should be registered with The Institute of Chartered Accountants of India (ICAI) and have Income Tax Permanent Account Number (PAN Number) and GST Registration Number;

 The Firm should have been in operation for at least 10 years after its registration;

 The Firm should have at least 5 qualified CA in full time appointment of the Firm.

 The Firm should be empanelled with Comptroller and Auditor General of India (C&AG) of India and with RBI

 Minimum receipt of Annual Turnover of the applicant previous year must be equal to or more than Rs. 50 lakh;

 The Firm should have an experience of minimum 10 entities per year for the last three years in Statutory/ Internal Audit

Download RFP Document Click Here >>

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