Empanelment for Appointment of CA firm as Internal Audit Assignment for HUDCO

Housing & Urban Development Corporation Limited (HUDCO), (A Government of India Enterprise), under the administrative control of Ministry of Housing and Urban Affairs engaged in housing & infrastructure development works in India having its registered office Core 7 A, HUDCO Bhawan, India Habitat Centre, Lodhi Road, New Delhi-110003 and one of its Regional Office at , Maple Plaza, 6th Floor, Ashok Nagar, Opposite Gate No.-2, Argora Road, Ranchi-834002.

HUDCO, Ranchi Regional Office invites offers from eligible Chartered Accountant Firm as an Expert for carrying out Risk Based Internal Audit assignment including certification of monthly Trial Balance and review of Internal Financial Controls for the Financial Year 2021-22.

The following conditions are applicable with regard to submission of quotation for award of work by HUDCO Regional Office Ranchi.

(I) The Scope of Work shall broadly cover the points as per enclosed Annexures as detailed below :

(1) Scope of Work for appointment of Chartered Accountant Firm as an Expert for carrying out Risk Based Internal Audit assignment including certification of monthly Trial Balance and review of Internal Financial Controls as an Internal Auditors as per ANNEXURE-1.

(II) ELIGIBILITY CRITERIA

(1) In terms of Office Memorandum dated 12.11.2020, issued by Ministry of Finance, Bidders are not required to pay Bid Security i.e. Earnest Money Deposit (EMO), instead Bid Security Declaration in the prescribed format (ANNEXURE-11) is required to be submitted.

(2) Technical Bid and Financial Bid must be furnished in two separate envelopes (given as Annexure Ill and Annexure IV).

a) The CA Firm should be a Partnership/Limited Liability Partnership (LLP)registered with the Institute of Chartered Accountants of India (ICAI) and should have minimum Seven Years Standing.

b) The CA Firm should have carried out Internal Audit assignment / Statutory Audit in Branch Office / Head Office of at least two Public Sector Undertakings / Public Sector Banks / Public Financial Institutions / Public Sector NBFCs / HFCs in the last five Financial Years. (Assignment as Concurrent Auditor and stock Audit not to be considered).

c) CA Firm should have minimum three number of partners, minimum five numbers of paid assistants (qualified CA/CMA/ semi qualified CA/CMA-lnter).

d) CA Firm should have local office at Ranchi having minimum five working staff (including one partner);

e) CA Firms presently appointed as consultant in the concerned Regional Office/HSMI are not eligible for appointment at respective Regional Office/HSMI.

f) CA Firm to give an undertaking

i) that none of the partners has any relation with any employee of HUDCO and also none of them has any relationship within the meaning of Section 2(76) of the Companies Act, 2013 and also that none of them has any relationship with the Statutory Auditors (A P R A & Associates LLP, 379 Aggarwal Millenium Tower 2, Netaji Subash Place, Pitampura, New Delhi – 110034) and also will ensure compliance under section 184 and 188 of the Companies Act, 2013.

ii) Certified that we have not been appointed for carrying out certification/consultancy or such related work of the same Regional Office/HSMI which will have conflict of interest with the current assignment.

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