Empanelment of CA Firm for Audit Work of Gujarat State Police Housing Corporation 

Gujarat State Police Housing Corporation Ltd. intends to retain services of two different Practicing Chartered Accountant Firm/Company for

1. Internal Audit for the year 2022-23.

2. GST Audit for the year 2021-22.

Interested firm/Company may visit Company’s website www.gsphc.gujarat.gov.in for Offer document format, Eligibility criteria and Scope of Audit. Please note that any change/modification/amendment will be notified on the Corporation’s website only.

Eligibility Criteria:

1. The Firm / Company of Chartered Accountants should be empaneled with the Institute of Chartered Accountants of India, New Delhi and should be ranked in Category-2 by ICAI for a minimum period of 15 years. Main office / Head Office of the firm / Company should be situated in Ahmedabad / Gandhinagar.

2. The Partnership Firm shall have at least five Chartered Accountants and at least three Chartered accounts should be PARTNERS of the firm.

3. The Partnership Firm / Company shall have an average Net turnover of Rs. 50.00 lakhs per year in the last 3 years.

4. The Partnership Firm / Company shall have carried out at least ONE assignment of Listed Company during last 3 years. Internal Audit of HEAD Office of Government Companies /Corporations / Boards / Public Limited Companies in last three years.

Experience of Internal / Statutory audit of Branch/Division will not be considered.

NOTE- Firms / Companies complying with the above eligibility criteria shall only apply.

SCOPE OF WORK OF INTERNAL AUDITOR OF COMPANY

The internal Audit will be carried out in accordance with Accounting standards of Auditing generally accepted in India and will include such test and controls, as the auditor considers necessary under the circumstances. The major areas will be covered are as under: The scope of work shall be as follows:

Internal Audit

A. To cover the areas ensuring that

• Transactions are recorded as per principles of commercial accounting and are booked to proper accounting heads.
• Transactions are undertaken on the basis of proper authority.
• Utilization of all funds is in accordance with the financing agreements/ Govt. Resolution/Terms and conditions of Funds/Advances provided.
• Transactions are duly supported by proper supporting documents and clear linkage between books of accounts and reports presented to Bank/FA.
• Where special accounts have been used, they have been maintained in accordance with the provisions of the relevant financing agreements.
• Propriety of the transactions.

B. Checking the maintenance of books of accounts and records.

C. Checking the bank reconciliation statements.

D. Checking of components wise, category-wise and account head-wise expenditures.

E. Checking of running bills raised for payment under each projects pertaining of GSPHC LTD.

F. Checking of investments, short term deposit etc made by the authority from time to time.

G. Checking of compliance of various taxes.

H. Checking of GST paid, ITC taken and relevant returns filed under GST regime.

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