Sibsagar University invites Expression of Interest (EOI) for Appointment of Internal Auditor
Sibsagar University invites Expression of Interest (EOI) from reputed Chartered Accountants/Firms to conduct internal audit of the Accounts of the University for the period 01.08.2024 to 31.03.2026.
Eligibility Criteria for Chartered Accountant Firm
(i) The Chartered Accountant firm must be empanelled with C&AG and have existed for not less than 5 years.
(ii) Head Office must be located in Assam.
(iii) Must have completed similar audit assignments (in Central/State autonomous bodies/Companies), preferably in a University.
(iv) Must have an audited annual turnover of [OCR unclear: appears to read “710 Lakh”] during each of the last 3 financial years.
Supporting Documents for Eligibility Criteria
(i) Attach proof of latest empanelment with C&AG.
(ii) Copies of appointment letters/audit completion certificates, etc. from the audited organisations.
(iii) Partnership Deed, if any.
(iv) Audited statement of annual turnover for the last three financial years.
(v) Attach copy of PAN registration.
(vi) Attach copy of GST Registration.
SPECIFIC CONDITIONS
1. The offer is required to be submitted in two-bid format, i.e. “Technical Bid” and “Financial Bid”, duly sealed in separate envelopes. Both these envelopes are required to be further sealed in a single envelope, which may be superscribed with the words “EOI for Appointment as Internal Auditor of Sibsagar University”, addressed to the
“Registrar, Sibsagar University,
Joysagar, Sivasagar-785665”.
2. Timetable
The RFP is given below. The authority retains the right to vary or discontinue the process or any part thereof at its absolute discretion.
| Activity | Date |
| Issue of RFP document 16/10/2026 | 16/10/2026 |
| Deadline for proposal submission 05/11/2026 | 05/11/2026 |
3. The Technical Bid comprises of:
(i) A copy of constitution/registration certificates of the firm/organisation issued by ICAI containing, inter alia:
(a) Date of formation of the firm/other organisation with a full-time FCA.
(b) Details of partners/Sole Proprietor/CA employees as on date, date of joining the firm, date of becoming FCA, and their own interest, if any.
(ii) A copy of the latest partnership deed in the case of partnership firms.
(iii) A copy of the IT Return of the firm/full-time partners/Sole Proprietor/Others, as the case may be, for the last three years, along with photocopy of PAN Card and GSTIN.
(iv) A copy of the financial statement of the Firm along with schedules for the preceding three financial years.
(v) Details of court cases/arbitration cases or any other case pending against the Firm/organisation, if any.
4. Details of audit experience of the firm/organisation for the last 3 years may be given in the specified format.
5. Financial Bid
The Financial Bid may comprise the professional fee to be charged from the University for auditing and reporting the accounts for the period, inclusive of all taxes and charges.
GENERAL CONDITIONS
1. Selection of the firm will be done only after detailed scrutiny of the credentials of the firm, its competency, number of qualified Chartered Accountants and employees to be engaged for the audit work, experience, etc. Suitable weightage will be given to firms/organisations that have relevant experience in University audits. The appointment is initially for the auditing period from 01.08.2024 to 31.03.2026, which can be extended for a further period as per the requirement of Sibsagar University.
2. The selected firm will have to start the audit from the date of issuance of the letter for audit work and complete it within 15 days from the issue of the letter.
3. The audit team will consist of a sufficient number of experienced and qualified professionals.
4. The selected firm will be required to comply with instructions, if any, issued by the University.
5. The audit work is to be undertaken as per the Sibsagar University Act, 2023, as amended from time to time.
6. The successful tenderer shall not be entitled to claim any additional amount for any reason whatsoever for the above audit work.
7. These are only proposed draft terms and conditions and can be modified at any time by the University at its sole discretion.
8. In case of any dispute, the decision of the Hon’ble Vice Chancellor, Sibsagar University, shall be final and binding.
9. Submission of Internal/Audit Report: The Chartered Accountant Firm shall have to submit the Internal/Audit Report on a year-end basis to the University authorities.
10. Regulation of Audit Fees: The payment of audit fees as fixed will be made on completion of the assignment. Sibsagar University will not pay any advance to the selected audit firm under any circumstances. All taxes/fees are to be deducted or charged as per relevant laws in force.
11. The auditors will not be provided with any special transport facility or accommodation, etc.
12. OTHER IMPORTANT INFORMATION
• The authority is not bound to accept the lowest or any tender or to assign any reason for non-acceptance. The Authority reserves its right to accept the EOI either in full or in part. Conditional bids will be rejected outright.
• The Authority reserves the right to cancel the Work Order of any agency/agencies in case of change in the procedures or unsatisfactory services.
N.B.: For details, interested parties may visit www.sibsagaruniversity.ac.in
Download Copy of RFP Click Here >>
- NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm
- Sibsagar University invites EoI for Appointment of Internal Auditor for 01.08.2024 to 31.03.2026.
- Andhra Pradesh High Court struck down Section 147A of the Income Tax Act, 1961 as unconstitutional
- Compensation to borrower upheld as bank did not verify construction progress before loan disbursals to builder
- No timeline mentioned in PMLA to forward arrest order & material in possession to Adjudicating Authority
