ICAI invites applications from eligible Chartered Accountant firms for engagement/appointment as Internal / Statutory Auditor for its various units i.e. Branches, Decentralized Offices and Regional Councils for the financial year 2020-21.
The basic Eligibility Criteria is as under:
|
S. No. |
Categories |
Basic Criteria |
|
1. |
Regional Councils, 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 |
➢ 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. |
|
S. No. |
Categories |
Basic Criteria |
|
1. |
Regional Councils, 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 |
➢ 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. |
Interested firms of Chartered Accountants whichmeet the pre-qualification criteria may furnish their Expression of Interest at the following link:
For Statutory Audit:
For Internal Audit:
There is no fee for the application.
The Last date / time limit for submission of the application has been extended up to 30/04/2020 up to 1600 hours
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