Empanelment of CA Firm for Internal Audit of West Bengal Forest Development Corporation Limited

Empanelment of CA Firm for Internal Audit of West Bengal Forest Development Corporation Limited

Introduction

The West Bengal Forest Development Corporation Limited, a Company, incorporated, under the Companies Act, 1956, intends to appoint Internal Auditor for conducting Internal Audit of the accounts of this Corporation (Head Office, Green Project Wing & South Bengal Divisions), including Designated Divisions (DDIV) & Ranges and Designated Ranges (DRNs), during the Financial Year 2022-23.

Scope of Work

The illustrative (but not exhaustive) scope of work for Internal Audit by the bidders shall be as follows: i. Verification and certification of accounting entries during the audit period including Journal Entries. ii. Verification of Bank Accounts, Bank Reconciliation, Bank Confirmation, Interest Accrued and Fixed Deposits and Sweeping Accounts. iii. Verification and certification of age-wise analysis of Ledger Balances specially Sundry Debtors, Sundry Creditors, Advance from Customers etc. including Opening Balances as to its correctness in the way of confirmation and suggestions for writing off, as necessary. iv. Verification and certification of adjustment of Advance of Logging Operation to DFOs and suggestions on unadjusted Balances. v. Verification and certification of adjustment of sale proceeds of Timber Auction as per provisions of Joint Forest Management and comment on payment of Directorate Share and FPC Share of Year-wise Sale. vi. Verification of application of Statutory Provisions like GST (including GST e-invoicing) and its reconciliation for future audit as well as Corporate Tax assessment purpose etc including TDS & TCS. vii. Verification and certification of application of Employees Provident Fund as to its deduction, deposit and standing balances and mismatch between Divisions and Head Office. viii. Verification of application of Income Tax Payment, Submission of Return, Refund, Penalty, Interest and adjustment in Accounts. ix. Verification and certification of Fixed Asset Register in Divisions as well as Head Office with location wise maintenance. x. Verification and certification of Inventory Valuation and Physical checking including reconciliation. To Read More Details Download PDF Given Below: