The Professional Development Committee of The Institute of Chartered Accountants of India (ICAI) has announced the empanelment of Chartered Accountant firms/LLPs for the year 2024-2025. This opportunity allows firms to be considered for appointment as auditors for companies under Sections 139(5) and 139(7) of the Companies Act 2013, as well as for Statutory Corporations/Autonomous Bodies as per their respective Acts.
Detailed Analysis:
1. Empanelment Criteria: Chartered Accountant firms/LLPs interested in empanelment can submit online applications through care.cag.gov.in/Authorised/Default.aspx from January 5, 2024, to February 15, 2024. The empanelment is for the audit appointment process for the fiscal year 2024-2025.
2. Application Process: The online application form, along with detailed instructions, will be available on the mentioned website during the specified period. Firms/LLPs must provide updated data regarding their status as of January 1, 2024. To complete the process, they need to generate an online acknowledgment letter, which is crucial for consideration.
3. Submission Requirements: Applicants must submit a printout of the online acknowledgment letter and hard copies of supporting documents to the office by February 28, 2024. Failure to generate the online acknowledgment letter may result in the non-consideration of the application for empanelment.
4. Key Dates: The application window opens on January 5, 2024, and closes on February 15, 2024. The deadline for submitting hard copies and acknowledgment letters is February 28, 2024.
Conclusion: The empanelment opportunity announced by the Professional Development Committee of ICAI presents a significant chance for Chartered Accountant firms/LLPs to be appointed as auditors for the fiscal year 2024-2025. Interested entities should closely follow the application process outlined on the official website. Timely submission of accurate information, along with the generation of the online acknowledgment letter, is crucial for consideration. This initiative not only contributes to professional development but also enhances the pool of auditors available for crucial roles in companies and statutory bodies. The key dates mentioned should be strictly adhered to, ensuring a seamless and successful empanelment process for all eligible firms/LLPs.
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Professional Development Committee
The Institute of Chartered Accountants of India
28th December, 2023
Announcement
Empanelment of Chartered Accountant firms/LLPs for the year 2024-2025
Online Applications are invited from Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller and Auditor General of India for the year 2024-2025 for considering for appointment as auditors of Companies as per Sections 139(5) and 139(7) of the Companies Act 2013 and of Statutory Corporations/Autonomous Bodies as per the provisions of their respective Acts.
Online application form along with detailed instructions in this regard will be available on the website care.cag.gov.in/Authorised /Default.aspx from 05 January 2024 to 15 February 2024. The applicant firms/LLPs will have to fill/update the data showing the status of their firm as on 01 January 2024. After filling/updating the data, the firms/LLPs will be required to generate online acknowledgement letter for the year. If the firms/LLPs fail to generate online acknowledgment letter, their application would not be considered for empanelment. The firms/LLPs will be required to submit a printout of the acknowledgement letter generated online and also hard copies of the documents in support of their online application to this office by 28 February 2024.
Professional Development Committee
