OFFICE OF THE COMPTROLLER & AUDITOR GENERAL OF INDIA
9, Deendayal Upadhyay Marg , New Delhi 110002
Chartered Accountant firms in the country with at least one full time FCA (Partner/Sole Proprietor) as on 1st January 2012 can apply for empanelment with the office of the CAG of India for allotment of audit of Public Sector Undertakings/Statutory Corporations for the year 2012-2013.
The term full time for partner/sole proprietor /CA employee does not include:
i) A partner/sole proprietor in other firm;
ii) Employed part time/full time elsewhere, practicing in his own name or engaged in practice otherwise or engaged in any other business/activity which would be deemed to be in practice under section 2 (2) of the Chartered Accountants Act, 1949;
iii) Partner whose compensation from the firm is less than the prescribed limit as given in the policy of Empanelment and /or not commensurate with the total compensation (share of profit, remuneration and interest on capital etc) paid to the partners during the financial year 2010-2011.
The firms who have submitted the online application form are required to furnish the following documents, which should reach this office by 31st March 2012.
(i) Online acknowledgement letter for the year 2012 generated at the time of filing online application.
(ii) Statement I: Undertaking signed by the sole proprietors/partners of the firm as per format.
(iii) Statement II: Signature of CA employees of the firm.
(iv) Copy of the Income Tax return of the firm along with computation for the assessment year 2011-2012 including distribution of income to partners.
(v) Income tax return of those CA employees who have joined as partners in the firm during 2010-2011.
(vi) Copy of the annual accounts of the firm for the financial year 2010-2011 along with schedule indicating the distribution of income among the partners.
(vii) Copy of the Service tax return filed by the firm for the year 2010-2011.
(viii) In case of CISA qualified members, copy of the final CISA certificate granted by the “Information Systems Audit and Control Association” after successfully meeting all requirements.
(ix) Duly filled up check list of the documents as per format. (to be placed on the top).
(x) Self addressed acknowledgement form for receipt of documents as per format.
The above documents should be addressed to:
Director General (Commercial)-I,
Office of the Comptroller & Auditor General of India,
10, Bahadur Shah Zafar Marg,
On the top of the envelope containing the documents, the following should be stated:
“Application for empanelment as Auditors of Public Sector Undertakings”