Empanelment of CA Firm for Statutory Audit of Shivaji University

Scope of work

1. 100% audit of all University Accounts.

2. Assistance for preparation of annual account, audit of receipt & payment Accounts, Income & expenditure Account and Balance sheet of University Fund and other Funds.

3. Assistance for system Audit of Finance software.

4. Signing of all utilizations Certificates required to be submitted to various funding agencies.

5. Audit of individual research schemes, sanctioned by the funding agencies.

6. Filing of Income Tax Returns of the University.

7. Watching and acceptance of audit compliance from time to time.

8. Any other relevant work as may be assigned by University Authorities from time to time.

Terms & Conditions of Payment (Audit Fees)

1. Audit starts before end of financial year, According to University Act. 2016 the audit should complete within given time limit as specified in above Act.

2.The audit Fees for audit of consolidated annual account shall be equivalent to that of the year 2020-2021 amounting to Rs. 55,000/-.

3..Fees prescribed for Income Tax Return (Annual return.) Rs.15000/-

4. Fees prescribed for audit of N.S.S. Rs.6000/-

5 .Fees prescribed for audit of University Employees Welfare Fund. Rs. 1000/-

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