HUDCO Invites Chartered Accountant Firm as Internal Auditors

HUDCO Invites Chartered Accountant Firm as Internal Auditors

Housing and Urban Development Corporation Ltd. (HUDCO), a premier techno financing institution under the Ministry of Housing and Urban Affairs, Govt. of India is engaged in providing long term loans for financing of Housing and Urban Infrastructure Projects. HUDCO, Chandigarh Regional Office invite offers from eligible Chartered Accountant firms for appointment as Internal Auditors for undertaking comprehensive Internal Audit for the Year 2018-2019 at Regional office. ELIGIBILITY CRITERIA :

• The Chartered Accountant Firm should have at least three years experience in undertaking Internal Audit work of Public Sector Undertakings.
• CA Firm should have minimum three number of partners (CAs) and minimum five number of paid assistants {qualified (CA/CMA)/semi qualified(CA/CMA- inter)}.
• CA firm should have local office within the City having minimum five working staff (including one local partner).
• CA Firm should have at least two years experience in handling Tax related matters including filing of TDS in respect of Public Sector Undertakings.

ESTIMATED COST OF CERTIFICATION WORK:

ESTIMATED COST OF CERTIFICATION WORK: Description of the work	Maximum Amount Payable(Rs.)
For audit and verification of imprest and project loan	10000/- per month
For audit and verification of HUDCO Niwas ( as applicable for less than 100 vouchers)	5000/- per quarter
For audit and verification of PDS vouchers for 500 vouchers ( as applicable for less than 500 vouchers)	3500/- per quarter
KYC and PML verification as per KYC and PML guidelines, pertaining to Projects, PDS and HUDCO Niwas	300/- per month
For audit and verification of sanction of project loans	100/- per case with a ceiling of 10000/- per annum
For audit and verification of releases of project loans	100/- per case with a ceiling of 10000/- per annum
For audit and verification of HUDCO Niwas sanction and release	75/- per case with a ceiling of 10000/- per annum
For audit and verification of PDS cases	50/- per case with a ceiling of 10000/- per annum
Incidental Matters and other Miscellaneous work	Rs.300/- per month

GST charges will be additional.

• 100% verification in case the number of vouchers in each category(as given in the description of work in the eligibility criteria), is less than 100 in a month and sample size of 50% in case the number is more than 200/250 per month.
• The monthly/quarterly payments shall be made @80% of the due fees and balance 20% shall be released after audit of annual accounts by Statutory Auditors and issuance of Tax Audit Report.