Appointment of Internal Auditors F.Y

Size: px
Start display at page:

Download "Appointment of Internal Auditors F.Y"

Transcription

1

2 Himachal Pradesh Power Corporation Limited (A State Government Undertaking) Himfed Bhawan, Panjri, (Below Old MLA Quarters), Shimla Landline: / Appointment of Internal Auditors F.Y Annexure-I An abridged advt. will be inserted in two/three news paper having wide coverage in inviting expressions of interest from firms of Chartered Accountants seeking following information: 1.Name of the Firm. 2.Firm Registration no. allotted by ICAI. 3.Address of the Head Office as well as Branch Offices (if any). 4.Contact Nos. (Landline and Mobile). 5. Details of Registration with CAG Office, if any. 6. Details of Internal Audit and Statutory Audit of companies undertaken by the firm during last five years. 7.Details of partners with their Membership Nos. 8.Details of paid CA employees of the firm with their Membership Nos. 9.Details of total staff strength of the firm. 10.Turnover of the firm. 11.Details of experience as Internal Auditors / Statutory Auditors of companies. 12.Details of having experience of working in ERP a/w certification from the respective organisation(s) where SAP is implemented is to be submitted by the CA firm where they have conducted audit a/w the application form. 13.Details of having experience of contract work s audit with a minimum contract value of Rs. 1 Crore should be prescribed. a/w certification of major works contract is to be submitted by the CA firm where they have conducted audit. 1) Eligibility criteria :) 1. The firm should have its Head office or Branch office in Himachal Pradesh. 2. The firm should have minimum 10 years' experience in carrying out Statutory Audit / Internal Audit of Companies. 3. Minimum experience of 3 years in SAP should be compulsory. 4. Experience of contract work s audit with a minimum contract value of Rs. 1 Crore. 5. Firms having maximum experience w.r.t. the above points will be given preference by giving due weightage during evaluation of technical bids.

3 2) The Time frame of Audit: The Internal Audit shall be conducted in two phases as per details given hereunder: Phase Period of Audit Last date for commencement of audit Audit Duration Last date for submission of audit report 1 1 st April 2016 to 30 th September th October 2016 Not less than 10 days for each unit under construction & not less than 6 days for projects under investigation stage 31 st October st October 2016 to 31 st December st January 2017 to 31 st March 2017 Not less than 5 days 15 th January 2017 for each unit under 31 st January 2017 construction & not less than 3 days for projects under 10 th May 2017 investigation stage 31 st May ) Fee structure for Internal Audit: Sr. No. Projects/Units Proposed amount in rupees (FY ) 1 For projects under construction stage/ in operation (5 No s) 45,000/- + taxes as applicable ( Each Project) 2 For projects under investigation stage (9 No s) 15,000/-+ taxes as applicable ( Each Project) 3 Corporate office, Shimla 45,000/- + taxes as applicable 4 Design Wing, Sunder Nagar 15,000/-+ taxes as applicable Further, out of pocket expenses i.e. TA/DA shall be paid to the partner(s) and articles of the firm as per State Govt. TA/DA rules applicable to H.P. State Government employees. For this purpose, partners of the firm and the audit assistants will be entitled for TA/DA at par with State Government officers of Grade I and Grade III respectively. 4) Proposed schedule of payment: The payment to Audit Firms shall be released as under: 20% payment on receipt of each quarterly report followed by the bill along with stay certificate issued by Head of Finance of the unit and supporting documents required to process such bills, and the balance 20% payment on completion of Statutory Audit. The payment will be made within 15 days of submission of all required papers and reports.

4 Annexure A 1. Scope of Work: A) Audit process: 1. The Auditor shall have a meeting with Head of the Project/Office at the beginning of the audit and finalize the modalities and schedule of audit. 2. The auditor should have final meeting with the Head of the Project/Office before closing the audit, discuss the audit observations and obtain the signature of the Head of the Project /Office or his authorized representative in confirmation of having discussed the audit observations with him and the same be submitted with audit report. B) Scope of internal audit: The Internal Auditor should work as guide to develop and motivate the staff of HPPCL as he/she is an important tool in the hand of the management in strengthening internal controls. The auditor may seek required information and explanations from the concerned officials/executives for the accomplishment of his/her task. The Internal Auditor has direct and unrestricted access to the Head(s) of Department(s), Head of the Project/Office and the Corporate Finance & Accounts Department. The auditor shall lay emphasis on compliance of all rules regulations, policies, procedures, accounting standards, manuals, statutory obligations etc. The Internal Audit would, interalia, cover the following operational activities of HPPCL: 1. Vouching. 2. Audit of transactions which involves examination of supporting documents, concurrence and approval from the competent authority. 3. Checking of trial balance, scrutiny of general ledger and reconciliation of each head of accounts thereof, wherever necessary, and preparing balance Sheet of the period under report. 4. Checking of expenditures incurred with reference to the laid down procedures, delegation of powers and budgetary provisions. 5. Checking of calculations and payments of statutory dues and all tax related matters as applicable to HPPCL from time to time. 6. To check financial statements i.e. Balance Sheet and P & L Account if any (incidentals account in respect of projects under implementation) with reference to accounting standards and verifying whether the records have been properly maintained so as to safeguard the assets of HPPCL. 7. Insurance of all assets. 8. To see whether the stocks / assets acquired / purchased are in quantities required for the smooth operation of the Office / department. 9. To check whether physical verification of assets / stocks has been carried out at the close of financial year and variations, if any, have been accounted for and recorded properly. 10. To check the bank reconciliation statements. 11. To check whether the surplus funds of HPPCL are judiciously invested to get the maximum possible return. 12. To check the cash book to ascertain whether cash in hand has been verified by the competent authority at regular intervals. 13. Checking of subsidiary ledgers. 14. To check the listing of contingent liabilities, if any, in the notes to Balance Sheet. 15. To check the calculations of salary and reimbursement bills of staff to ascertain the legitimacy of payments and deductions thereof. 16. Checking whether all liabilities against the accepted claims have been provided for in the books of accounts for the full accounting year and verifying compliance with statutory

5 obligations of employer towards the employees: viz. Gratuity, Leave encashment, Provident Fund, Bonus etc. Similar checks to be done in respect of TA / DA and claims for reimbursements. 17. To review compliance with laid down policies and procedures in respect of calling of tenders, related approvals, budgetary provisions made and letters of award (LOA) issued for work contracts. 18. To check whether the tender documents / contract documents are vetted by the legal and finance departments of HPPCL. 19. To check whether the committees for tender opening and evaluation /negotiations are constituted as per the prescribed norms of HPPCL and whether the tenders have been awarded by the competent authorities. 20. To verify whether the advance for works such as initial advance, interim advance, mobilization advance etc. are paid as per the terms of the contract / provisions of LOA and is being adjusted from the running bills properly and regularly. Also to check whether the escalation bills are being paid as per the terms and formulae given in the LOA 21. Whether provisions of penalty / damages / compensation / LD clauses are being invoked as per the LOA. 22. To verify the validity BGs obtained from parties to whom the work is awarded. 23. To verify whether BGs are kept in safe custody of competent authority and whether related records are properly maintained. 24. To verify whether the procurements have been made after completion of all formalities prescribed by HPPCL and whether approvals of competent authorities have been obtained. 25. To check whether the stationery & stocks have duly been accounted for as per accounting standards and whether records have been properly maintained to ensure safeguard of such stocks of HPPCL. 26. To verify whether the funds have been unnecessarily blocked due to excess procurements. 27. Checking of guest house / transit camp registers. 28. To suggest modifications to the delegation of powers, if shortcomings are noticed during audit. 29. To verify whether TDS has been properly deducted and deposited with the Income Tax Authorities within the prescribed periods. 30. To verify whether TDS returns have been submitted in time to the Income Tax Authorities. 31. To verify whether Service Tax has been properly charged, wherever applicable, and whether proper returns have been filed with the Authorities. 32. To verify whether the Works Contract Tax (WCT), at applicable rate, has been deducted from the bills of the contractors and timely deposited with the Sales Tax Authorities. 33. To verify whether proper returns have been filed under the WCT. 34. To check whether the Central Vigilance Commission (CVC) guidelines have been duly met. C) Code of ethics for Auditors: 1. They should keep themselves away from illegal practice / dishonest arrangements. 2. The Internal Auditor shall have an obligation to work objectively and diligently while performing his/her duties. 3. The Internal Auditor shall not accept any gifts or hospitality from any employee, contractor, supplier or business associate of HPPCL. 4. The internal audit staff should collect and keep information from HPPCL only for carrying out the assignment and should not take undue advantage of such information for personal profit or use the information in a manner contradictory to the ethics set forth by the Institute of Chartered Accountants of lndia. 5. None of the staff of Internal Audit Team would direct or supervise the activities of any department of HPPCL, except where such activities are a part of the internal audit process.

6 Guidelines Annexure B Although, the areas and magnitude in respect of scope of audit has been defined however some of the important areas are elaborated and detailed as under :- 1. Statutory compliances and Internal Controls: To ensure compliance of Companies Act, 1956 with particular reference to the accounting functions and the Accounting Standards & Guidance Notes issued by the Institute of Chartered Accountants of India from time to time and also other statutory provisions applicable to the company. To assist and advice the company in formulation / revision of accounting policies and in establishing proper control over accounting practices and procedures as per the changing business environment and laws. Works Accounting: I. To verify and scrutinize payments to contractors with reference to respective contracts and adjustment thereof while accounting for the work done by them and ensure that deductions in respect of Mobilisation Advance etc. and statutory deductions are correctly made from their bills. II. The internal auditor should check that adjustments for returns, shortages, damages and unserviceable stores and materials at sites are properly made. III. The internal auditors should check that various Statutory Tax Returns should be timely filed with the Tax Authorities and also verify the facts and figures given in the Tax Returns. IV. Review of terms and conditions of tender documents and agreements, verification of Bank guarantees and specific emphasis to be given on final payments. V. Review of system for issue of Project Authority Certificates (PAC) and reimbursement of the customs / excise duty due to change in subsequent legislation so that loophole in the system for issue of certificates can be curtailed. VI. To plug loopholes, which might have crept in the system due to passage of time and complacency on the part of persons particularly engaged in financial concurrences, release of payments, updating accounting records, authorizations as per DOP etc. 2. Capital work-in-progress and capitalization: a. Work-in-progress should be verified by the internal auditors with reference to field records such as Interim Payment Certificates and certification of progress issued by the EIC. Quantum of work-in-progress recorded should be compared with work orders / contracts and subsequent approvals for variations, to ensure that payments are duly authorized.

7 b. To verify capitalization of assets and accounting of capital expenditure (including expenditure incidental to the construction) and its further distribution on the specific assets as per Accounting Policy of the company for capitalization. 3. Fixed Assets : To verify that proper records of assets of the company are maintained as required. Review the system regarding accounting, custodianship and safeguarding of monetary and non-monetary assets of the enterprise and to see that the assets of the company are reasonably and adequately protected against loss. Also check that the transfer / sale of each asset is immediately and properly accounted for. Also check the applicable depreciation rates and calculation of depreciation. 4. Scrutiny of Bank Transactions and Reconciliation: a) Scrutiny of Bank Transactions To verify that cash (wherever applicable) & bank transactions are recorded properly and surplus funds, if any, shall be kept in short terms / flexi deposits with the banks as per Investment Guidelines. Entries in the deposit statement should tally with the term deposit certificates. Also to verify that interest on deposits and TDS thereon has been correctly calculated and accounted for in the books of the Company. Also review the stale cheques, if any. b) Bank Reconciliation: Verify the Bank Reconciliation Statements of various Bank Accounts and report for old / unadjusted items requiring special attention on monthly basis. 5. Vouching : To verify all accounting transactions so as to ensure interalia that booking have been made to the appropriate heads of accounts. 6. Ledger Scrutiny : Scrutiny of trial balance, groupings, General Ledger, subsidiary records, review of sundry debtors, creditors and loans and advances outstanding for more than one year and ensure that CWIP of the project is accounted correctly. 7. Store transactions and valuation thereof: To verify the vouchers pertaining to stores receipts, issues and the valuation thereof. The coverage shall include purchases of stores and scrap disposal on test basis. The internal auditor while verifying these transactions shall evaluate internal control procedures operative within the enterprise for efficient materials management.

8 8. Verification of secured / unsecured advances and securities given / received on behalf of the company: a) Documents / agreements relating to secured & unsecured advances to parties / Govt. Bodies shall be verified on test basis. b) The scope includes verifications of securities deposited by the company with different authorities / parties. The internal auditor shall check and examine the purpose and the duration of such deposits and whether the deposit certificates are in safe custody for presentation at the time of claiming refund. Security deposit received from the parties shall also be verified to ensure that the company beyond prescribed period does not retain these. 9. Income Recognition: To verify that income recognition is being made in conformity to Accounting Policy / procedure and the transactions are recorded accordingly. 10. Strengthening of Internal Control System: To identify weaknesses in control systems which can lead to frauds and report the same to the Management for timely corrective actions. 11. Other matters : To examine that: I. The authorities at every level are being strictly adhered to as per DoP. II. The expenditure are sanctioned and booked as per the authorisation. III. All important documents including term deposit receipts, tax returns, bank guarantees, cheque books etc. are kept under safe custody, IV. There is a proper mechanism that the bank guarantees are extended well before the expiry dates. 12. Keeping in view the above requirements, internal auditors are also required to contribute for following activities: Helping in rectification of errors and omissions observed in the course of audit. Guiding in location of difference in Bank Reconciliation and proper control over banking transactions. Review and guidance in the finalization of accounts. Online scrutiny of TDS deductions from payments made to contractors / suppliers and consultants. Advising on statutory requirements of the Companies Act, Accounting Standards and other various taxation laws. To report any other matters coming to notice during verification in order to strengthen internal control system and for improving MIS.

9 Review of liabilities and provisions. Proper accounting of expenditure and incomes accruing to the enterprise and adherence to matching principle. Review the system for intangible assets assessment and impairment of assets. Review the adequacy of the insurance cover for the various risks involved. To verify that all moneys received are accounted for. 13. (a) Insurance and other claims lodged by the company: Internal auditor while verifying insurance and other claims of the company should see that losses to the company giving rise to claims are properly lodged and proper follow up action is taken for realization of overdue claims and the claims are properly accounted for after settlement. (b) Claims lodged against the company: Internal auditor while verifying claims lodged against the company should ascertain that the passed claims are with the approval of Competent Authority and are properly accounted for after settlement. 14. Employee payments: To verify that accounting for salary and benefits admissible to employees and directors are being done properly and all subsidiary records for loans / advances and other deductions related to employees are reconciled properly. Ensuring the recovery of advances given to employee within the stipulated period, Payment and statutory dues to the workers. Ensuring the use of vehicles as per policy of the HPPCL. Requirements of AS 15 should be complied with ensuring the payment. 15. Consultancy Services: Review the terms and conditions of all consultancy contracts and report the debtors position in case the same are overdue. Apart from the above, audit should also cover all the other activities like Workshop & Transport Deptt., Stores, Legal, R&R, and Corporate Planning etc.

10 Annexure C Extent of coverage MAJOR AREAS TO BE COVERED DURING THE AUDIT OF PROJECTS/STATIONS Sl. No. ITEM I Works including contracts (Pre-award and Execution) II Procurement (Pre-award and Execution) III Accounts including establishment accounts IV Human Resources Department (HR Establishment) V Stores VII Guest House and Transits camp Keeping in view the broadly above stated aspects the following would be the AREA & EXTENT OF COVERAGE Sl.No. Area Coverage in each phase I WORKS INCL. CONTRACTS (Pre-award and execution) i) Contracts with value more than Rs.10 Lakh ii) Contracts with value Rs.10 Lakh or less iii) Expenditure below Rs 25000/ having no F.C III IV V II PROCUREMENT (Pre-award and execution) i) P.Os with value more than Rs5.00 Lakh ii) P.Os with value Rs.5.0 Lakh or less ACCOUNTS i) Bank Payment Documents ii) Documents for Bank Receipt iii) Documents for Adjustments iv) Review of Bank Reconciliation Statements (BRS) ESTABLISHMENT ACCOUNTS i) Checking of Off-Cycle payments w.r.t rules and proprietary aspects ii) Review of Subsidiary Ledgers ESTABLISHMENT HR i) Extra ordinary Leave Records ii) HTC/LTC Records iii) Documentation for Advances VI VII V111 STORES i) Documentation and procedures ii) Review of claims iii) Accounting and Review of Suppliers Sub-ledgers iv) Review of Returnable Gate-Pass system v) Test-checking suppliers bills w.r.t policies & circulars GUEST HOUSE AND TRANSIT CAMP i) Proprietary Aspects ii) Accounts AUDIT OF OPERATIONS i) Fuel/power Accounting records ii) Verification of Fuel Price Adjustment iii) Review of Monthly Operating Results

11 Annexure D REPORTING REQUIREMENTS Internal Audit Reports should be divided into four separate parts, namely: PART- I IMPORTANT OBSERVATIONS, OBJECTIONS AND RESERVATIONS: This part should contain the auditor s comments on all such irregularities or occurrences which auditors want to bring to the notice of management, along-with their financial implications, if any. This part should also bring out deviations (non - compliances) by units from (with) policies, systems and procedures prescribed by HPPCL. Any non-compliance with the matters/areas specified in the Guidelines/ policy of HPPCL should also be identified here. The observations should be arranged in self-contained paras, preferably with suitable titles. PART II COMPLIANCE REPORT: Auditors to Report on compliance of internal audit observations outstanding as at the end of the previous year (that is, as contained in the Report of the preceding phase). For example, while submitting the internal audit report of Phase I for the current year (say, ) it may be ensured that a compliance report on audit observations contained in Phase 1V report of the previous year (i.e ) as well as on such observations contained in reports of earlier years, pending settlement, is included and details of corrective actions taken on those observations are furnished in the current year s audit report. PART III REPORT ON CONTRACTS / P.Os PLACED ON SINGLE TENDER BASIS: Internal auditors will report separately on Contracts / Work Orders (W.Os)/Purchase Orders (P.Os) placed on Single Tender basis, ascertaining the follow- up, of procedure etc. PART IV DETAILED REPORT: This part shall comprise auditor s detailed observations regarding areas specified in the Scope of the audit. However, non-compliance with the matters / areas specified in the Audit Scope which are identified in Part I of the report, should also be invariably detailed in Part IV. While, Contracts/W.Os. / P.Os placed on Single Tender basis should be reported in Part III of the report, auditors should report their findings on all Contracts/W.Os. / P.Os placed on other than Single Tender basis in this Part (i.e. Part IV). Further, a point -wise report on the scope of audit is to be submitted a/w a certificate that the internal audit has been done as per scope of work. The following may also be kindly ensured: (a) The report should be supplemented, in each phase, by a statement indicating: (i) (ii) Particulars of records checked along with their volume and value as compared to the total volume and value of the transactions. Auditors should also mention the entry date of the last document verified by them in the SAP system. A statement indicating the audit personnel deployed their designation and the period of deployment in each phase. (b) The report should also contain references to areas where no adverse observations have been noted. In respect of other areas, specific suggestions for improvement, if any, may also be highlighted for each area. (c) The results of audit should be discussed with Head of Project followed by Director (Finance) in each phase and important observations should be brought to their notice so that timely corrective actions may be taken. The report should be prepared after duly taking into account the additional information that may be provided / obtained at such discussions.

12 Annexure E 1. Time frame of Audit: The Internal Audit shall be conducted in two phases as per details given hereunder: Phase Period of Audit Last date for commencement of audit Audit Duration Last date for submission of audit report 1 1 st April 2016 to 30 th September th October 2016 Not less than 10 days for each unit under construction & not less than 6 days for projects under investigation stage 31 st October st October 2016 to 31 st December st January 2017 to 31 st March 2017 Not less than 5 days for 15 th January 2017 each unit under 31 st January 2017 construction & not less than 3 days for projects under investigation stage 10 th May st May 2017

ENQUIRY. Sub. Inviting sealed Quotations for appointment of Internal auditor for Maharashtra

ENQUIRY. Sub. Inviting sealed Quotations for appointment of Internal auditor for Maharashtra Department of IT, Ministry of Communication & Information Technology, Govt. of India. ---------------------------------------------------------------------------------------------------------- International

More information

OFFER FOR WORK OF INTERNAL AUDIT AND PRE AUDIT FOR THE YEAR

OFFER FOR WORK OF INTERNAL AUDIT AND PRE AUDIT FOR THE YEAR OFFER FOR WORK OF INTERNAL AUDIT AND PRE AUDIT FOR THE YEAR 201-1 Eligibility Criteria: Firm of Chartered Accountants should be empanelled with the Institute of Chartered Accountants of India, New Delhi

More information

EXPRESSION OF INTEREST APPOINTMENT OF INTERNAL AUDITOR AT INDIAN INSTITUTE OF CORPORATE AFFAIRS

EXPRESSION OF INTEREST APPOINTMENT OF INTERNAL AUDITOR AT INDIAN INSTITUTE OF CORPORATE AFFAIRS EXPRESSION OF INTEREST APPOINTMENT OF INTERNAL AUDITOR AT INDIAN INSTITUTE OF CORPORATE AFFAIRS Plot No. 6,7,8, Sector 5, IMT Manesar, Gurugram, Haryana- 122050 Phone: 0124 264 0000 The Indian Institute

More information

HO/Acct./2018/ Date : 10/05/2018. Empanelment of Internal Auditors for Financial Year to

HO/Acct./2018/ Date : 10/05/2018. Empanelment of Internal Auditors for Financial Year to M.P. State Agro Industries Development Corporation Ltd. Panchanan, 3 rd Floor, Malviya Nagar, Bhopal-462 003 Phone- 0755-2551756 E-mail : mpagrohobpl@gmail.com www.mpagro.org HO/Acct./2018/ Date : 10/05/2018

More information

BID DOCUMENT SJVN LIMITED

BID DOCUMENT SJVN LIMITED BID DOCUMENT EXPRESSION OF INTEREST FOR APPOINTMENT/ EMPANELMENT OF CHARTERED ACCOUNTANT FIRMS FOR CONDUCTING INTERNAL AUDIT FOR THE FINANCIAL YEAR 2016-17 SJVN LIMITED INTERNAL AUDIT DEPARTMENT Regd.

More information

ANIIDCO LTD. Terms & Conditions for Appointment as Internal Auditor

ANIIDCO LTD. Terms & Conditions for Appointment as Internal Auditor ANIIDCO LTD. Terms & Conditions for Appointment as Internal Auditor 1. Introduction Andaman and Nicobar Islands Integrated Development Corporation Limited (ANIIDCO), is a Government Undertaking of Andaman

More information

V.M. No /VI/Accounts/241/ June 2017 NOTICE INVITING TENDER

V.M. No /VI/Accounts/241/ June 2017 NOTICE INVITING TENDER V.M. No. 1148 /VI/Accounts/241/217 08 June 2017 NOTICE INVITING TENDER APPOINTMENT OF INTERNAL AUDITOR, IN VICTORIA MEMORIAL HALL, KOLKATA FOR THREE YEARS FROM THE FINANCIAL YEAR 2017-18 Tenders are invited

More information

Checklist for Audit Report under CARO

Checklist for Audit Report under CARO CHAPTER VI Checklist for Audit Report under CARO Client s Name: Period ended: / / 200 Preliminary A. For all representations made to auditors on the basis of which the check-list is filled up, written

More information

GUJARAT RAIL INFRASTRUCTURE DEVELOPMENT CORPORATION LTD. (A JV of Government of Gujarat and Ministry Of Railways)

GUJARAT RAIL INFRASTRUCTURE DEVELOPMENT CORPORATION LTD. (A JV of Government of Gujarat and Ministry Of Railways) Advertisement Gujarat Rail Infrastructure Development Corporation Limited (G-RIDE) (A JV of Govt. of Gujarat and Ministry of Railways) Development Board, Udyog Bhavan, Sector 11, Gandhinagar - 382017 INVITATION

More information

Uttar Pradesh Medical Supplies Corporation Limited (UPMSC) (U.P. Government Undertaking)

Uttar Pradesh Medical Supplies Corporation Limited (UPMSC) (U.P. Government Undertaking) Uttar Pradesh Medical Supplies Corporation Limited (UPMSC) (U.P. Government Undertaking) Corporate Office: SUDA Bhavan, 7/23, Sector-7, Gomti Nagar Extension, Lucknow- 226010. CIN: U85310UP2018SGC102425

More information

Chapter-20 Role of IFAs - Managers Check List

Chapter-20 Role of IFAs - Managers Check List Chapter-20 Role of IFAs - Managers Check List BSNL, India For Internal Circulation Only 1 Functions of Internal Finance Advisers A. Finance & Budget: 1. To establish appropriate local procedures to have

More information

CHARTERED ACCOUNTANT /COST ACCOUNTANT FIRMS

CHARTERED ACCOUNTANT /COST ACCOUNTANT FIRMS NOTICE INVITING TENDER FROM CHARTERED ACCOUNTANT/COST ACCOUNTANT FIRMS Tender No: ABV-IIITM/Internal Audit/2017/001, Date: 23.02.2017. ABV-IIITM GWALIOR invites tender from Gwalior based Chartered Accountant/Cost

More information

Sub: Request For Proposal (RFP) from Chartered Accountants Firms for providing financial services to IIT Indore

Sub: Request For Proposal (RFP) from Chartered Accountants Firms for providing financial services to IIT Indore To, Sub: Request For Proposal (RFP) from Chartered Accountants Firms for providing financial services to IIT Indore Dear Sir, Indian Institute of Technology Indore invites RFP from the Practicing Chartered

More information

AUDIT REPORT OF SOUHARDA CO-OPERATIVE LTD; YEAR :

AUDIT REPORT OF SOUHARDA CO-OPERATIVE LTD; YEAR : AUDIT REPORT OF SOUHARDA CO-OPERATIVE LTD; YEAR : 2008-09 1-0 a. Name of the Co-operative : b. Address : c. Registration No : d. Registration Date : e. Registering Authority : f. Area of Operation : 2-0

More information

By CA Prasad K. Dharap M. Com, M. Phil,F.C.A, DISA (ICAI)

By CA Prasad K. Dharap M. Com, M. Phil,F.C.A, DISA (ICAI) By CA Prasad K. Dharap M. Com, M. Phil,F.C.A, DISA (ICAI) 1 Introduced way back in 1992 after Harshad Mehta Scam Exposure above 5 cr or in some cases above 1 cr are covered. Specialized type of audit The

More information

F. No. NHIDCL/HQ/Internal Audit/ Dated:

F. No. NHIDCL/HQ/Internal Audit/ Dated: F. No. NHIDCL/HQ/Internal Audit/2015-16 Dated: 21.03.2016 Subject: -Request for Proposal for engaging a Chartered Accountant firm in New Delhi for conducting Internal Audit in NHIDCL for the year 2016-17

More information

Selection of Internal Auditors for MDI-Gurugram for FY

Selection of Internal Auditors for MDI-Gurugram for FY Selection of Internal Auditors for MDI-Gurugram for FY-2017-18 MDI Invites applications for appointment of Internal Auditors for MDI Gurugram from Delhi/NCR based eligible CA firms for FY-2017-18. For

More information

RELIANCE CLOTHING INDIA PRIVATE LIMITED 1. Reliance Clothing India Private Limited

RELIANCE CLOTHING INDIA PRIVATE LIMITED 1. Reliance Clothing India Private Limited RELIANCE CLOTHING INDIA PRIVATE LIMITED 1 Reliance Clothing India Private Limited 2 RELIANCE CLOTHING INDIA PRIVATE LIMITED INDEPENDENT AUDITOR S REPORT To the Members of Reliance Clothing India Private

More information

CORRIGENDUM NOTICE INVITING TENDER

CORRIGENDUM NOTICE INVITING TENDER Ref: MDIM/Audit/2017/54 Date: 27-Jun-2017 CORRIGENDUM NOTICE INVITING TENDER APPOINTMENT OF INTERNAL AUDITOR IN MDI MURSHIDABAD Refer para 3 (IV) page no. 2: the amount Rs.20,000 per annum may be read

More information

Rajgir, District: Nalanda, Bihar Ph. No: Web: Nalanda University LIMITED TENDER DOCUMENT FOR

Rajgir, District: Nalanda, Bihar Ph. No: Web:  Nalanda University LIMITED TENDER DOCUMENT FOR Rajgir, District: Nalanda, Bihar 803 116 Ph. No: 06112 255330 Web: www.nalandauniv.edu.in Nalanda University LIMITED TENDER DOCUMENT FOR INTERNAL AUDITING AND FINALIZATION OF ANNUAL ACCOUNTS OF THE NALANDA

More information

RELIANCE RETAIL FINANCE LIMITED 1. Reliance Retail Finance Limited

RELIANCE RETAIL FINANCE LIMITED 1. Reliance Retail Finance Limited RELIANCE RETAIL FINANCE LIMITED 1 Reliance Retail Finance Limited 2 RELIANCE RETAIL FINANCE LIMITED Independent Auditor s Report To the Members of Reliance Retail Finance Limited Report on the Financial

More information

INTERNAL FINANCIAL CONTROL POLICY POKARNA LIMITED

INTERNAL FINANCIAL CONTROL POLICY POKARNA LIMITED INTERNAL FINANCIAL CONTROL POLICY POKARNA LIMITED INTRODUCTION Section 134 (5) (e) of the Companies Act, 2013 requires, the Board of every Listed Company to lay down Internal Financial Controls to be followed

More information

HINDUSTAN AERONAUTICS LIMITED. Accessories Complex, Lucknow

HINDUSTAN AERONAUTICS LIMITED. Accessories Complex, Lucknow HINDUSTAN AERONAUTICS LIMITED Accessories Complex, Lucknow HAL-AC/EOI/Auditor/1/2015-17 Dt. 01/06/2015 INVITATION FOR EXPRESSION OF INTEREST (EOI) (Appointment of Internal Auditors for HAL Accessories

More information

NOTICE INVITING BID. 1 (a) Essential Pre- Qualification documents required to be submitted for validity of Technical Bids:

NOTICE INVITING BID. 1 (a) Essential Pre- Qualification documents required to be submitted for validity of Technical Bids: NOTICE INVITING BID Sub: Inviting Bids for Appointment of Chartered Accountants for conducting Statutory Audit and other advisory to DSCI for the Financial Year 2018-19. Delhi State Cancer Institute is

More information

ENGAGEMENTS TO REVIEW FINANCIAL STATEMENTS (Effective for reviews of financial statements for periods beginning on or after April 1, 2010)

ENGAGEMENTS TO REVIEW FINANCIAL STATEMENTS (Effective for reviews of financial statements for periods beginning on or after April 1, 2010) SRE 2400* ENGAGEMENTS TO REVIEW FINANCIAL STATEMENTS (Effective for reviews of financial statements for periods beginning on or after April 1, 2010) Contents Paragraph(s) Introduction...1-2 Objective of

More information

Empanelment of Chartered Accountant for Concurrent Audit Assignment in our Bank FY

Empanelment of Chartered Accountant for Concurrent Audit Assignment in our Bank FY Empanelment of Chartered Accountant for Concurrent Audit Assignment in our Bank FY 2018-19 TAMILNAD MERCANTILE BANK LTD. Head Office, Thoothukudi 628001. e-mail: concurrent@tmbank.in website:www.tmb.in

More information

Aryabhatta Knowledge University, Patna

Aryabhatta Knowledge University, Patna Aryabhatta Knowledge University, Patna Tender Document For Appointment as Internal Auditor Tender Ref No. 004/FIN/80/AKU/2015 Dated: 18.05.2018 Tender document Issue Date : 18.05.2018 Last Date and Time

More information

TENDER ENQUIRY FOR ENGAGING AN AGENCY FOR PROVIDING SERVICES OF 1 CA & 2 ACCOUNT ASSISTANTS AT SPM HOSHANGABAD

TENDER ENQUIRY FOR ENGAGING AN AGENCY FOR PROVIDING SERVICES OF 1 CA & 2 ACCOUNT ASSISTANTS AT SPM HOSHANGABAD TENDER ENQUIRY FOR ENGAGING AN AGENCY FOR PROVIDING SERVICES OF 1 CA & 2 ACCOUNT ASSISTANTS AT SPM HOSHANGABAD 1 Not Transferable Security Classification: NON-SEURITY TENDER DOCUMENT For Engagement of

More information

RELIANCE-GRANDOPTICAL PRIVATE LIMITED 1. Reliance-GrandOptical Private Limited

RELIANCE-GRANDOPTICAL PRIVATE LIMITED 1. Reliance-GrandOptical Private Limited RELIANCE-GRANDOPTICAL PRIVATE LIMITED 1 Reliance-GrandOptical Private Limited 2 RELIANCE-GRANDOPTICAL PRIVATE LIMITED INDEPENDENT AUDITOR S REPORT To the Members of Reliance-Grand Optical Private Limited

More information

BANK BRANCH AUDIT LONG FORM AUDIT REPORT

BANK BRANCH AUDIT LONG FORM AUDIT REPORT BANK BRANCH AUDIT LONG FORM AUDIT REPORT in case of Bank Branches & Certification CHAMBER OF TAX CONSULTANTS SATURDAY 1 ST APRIL 2017 VIPUL K. CHOKSI, FCA Agenda LFAR Important Recent Circulars Certificates

More information

Financial Regulations in. Solon Wandsworth Housing Association. Approved by Management Committee on 10/07/ July 2002

Financial Regulations in. Solon Wandsworth Housing Association. Approved by Management Committee on 10/07/ July 2002 Financial Regulations in Solon Wandsworth Housing Association 10 July 2002 Financial Regulations.doc Page 1 of 31 Contents Chapter 1 Chapter 2 Chapter 3 Status of financial regulations Financial control

More information

BALANCE SHEET ABSTRACT AND COMPANY S GENERAL BUSINESS PROFILE. Registration No State Code 55. Balance Sheet Date

BALANCE SHEET ABSTRACT AND COMPANY S GENERAL BUSINESS PROFILE. Registration No State Code 55. Balance Sheet Date ANNEXURE-A TO DIRECTORS REPORT BALANCE SHEET ABSTRACT AND COMPANY S GENERAL BUSINESS PROFILE I Registration Details Registration No. 55-99328 State Code 55 Balance Sheet Date 31 03 2000 Date Month Year

More information

HINDUSTAN FERTILIZER CORPORATION LTD. (A Government of India Undertaking) CORPORATE OFFICE A-14, PDILBhawan, Sector-1, NOIDA

HINDUSTAN FERTILIZER CORPORATION LTD. (A Government of India Undertaking) CORPORATE OFFICE A-14, PDILBhawan, Sector-1, NOIDA HINDUSTAN FERTILIZER CORPORATION LTD. (A Government of India Undertaking) CORPORATE OFFICE A-14, PDILBhawan, Sector-1, NOIDA-201301 REGISTERED OFFICE SCOPE COMPLEX, CORE - III, 7,INSTITUTIONAL AREA, LODHI

More information

CHHATTISGARH STATE MARKETING CORPORATION LIMITED EMPANELMENT OF CHARTERED ACCOUNTANT FIRMS (PARTNERSHIP/ LLP / SOLE PROPRIETORSHIP FIRMS) AS INTERNAL

CHHATTISGARH STATE MARKETING CORPORATION LIMITED EMPANELMENT OF CHARTERED ACCOUNTANT FIRMS (PARTNERSHIP/ LLP / SOLE PROPRIETORSHIP FIRMS) AS INTERNAL CHHATTISGARH STATE MARKETING CORPORATION LIMITED EMPANELMENT OF CHARTERED ACCOUNTANTS FIRMS FOR ASSIGNMENT OF INTERNAL AUDIT T. No.: CSMC/Tender/2017-18 /4 Dated: 25-02-2017 DATE OF TENDER : 25.02.2017

More information

BANK BRANCH AUDIT. Presented by: CA. Rajesh Malhotra

BANK BRANCH AUDIT. Presented by: CA. Rajesh Malhotra BANK BRANCH AUDIT Presented by: rmalhotrafca@rediffmail.com 1 OBJECTIVE OF AUDIT Whether the financial statement are free from material misstatement. Whether the financial statement are prepared in accordance

More information

Annexure I. Checklist on General Internal Controls Controls Sl. No. Branch Replies (Yes/No)

Annexure I. Checklist on General Internal Controls Controls Sl. No. Branch Replies (Yes/No) Annexure I Checklist on General Internal Controls Controls Sl. No Branch Replies (Yes/No) 3. 4. 5. I. General I.T. Controls In case of migration to new application software during the year, whether duly

More information

Mahatma Gandhi Rural Employment Guarantee Council Panchayat & Rural Development Department Government of Chhattisgarh ---xxx---

Mahatma Gandhi Rural Employment Guarantee Council Panchayat & Rural Development Department Government of Chhattisgarh ---xxx--- Mahatma Gandhi Rural Employment Guarantee Council Panchayat & Rural Development Department Government of Chhattisgarh ---xxx--- Expression of Interest (EOI) is invited from eligible Chartered Accountant

More information

Seminar on Company Audit and Reporting

Seminar on Company Audit and Reporting Seminar on Company Audit and Reporting Drafting of Auditor s Report Western India Regional Council of Institute of Chartered Accountants of India (WIRC of ICAI) May 7, 2016 Manish Sampat Chartered Accountants

More information

NOTICE FOR RE INVITING OFFER FOR RENDERING PROFESSIONAL SERVICES AS INTERNAL AUDITOR TO THE CHENNAI PORT TRUST DUE DATE FOR SUBMISSION ON OR BEFORE

NOTICE FOR RE INVITING OFFER FOR RENDERING PROFESSIONAL SERVICES AS INTERNAL AUDITOR TO THE CHENNAI PORT TRUST DUE DATE FOR SUBMISSION ON OR BEFORE NOTICE FOR RE INVITING OFFER FOR RENDERING PROFESSIONAL SERVICES AS INTERNAL AUDITOR TO THE CHENNAI PORT TRUST DUE DATE FOR SUBMISSION ON OR BEFORE 23.09. 2016 AT 3.00 p.m. 1 GENERAL INSTRUCTIONS TO THE

More information

Independent Auditors' Report

Independent Auditors' Report Independent Auditors' Report To the Members of KNR Constructions Limited Report on the Standalone Ind AS Financial Statements We have audited the accompanying standalone Ind AS financial statements of

More information

Our responsibility is to express an opinion on these financial statements based on our audit.

Our responsibility is to express an opinion on these financial statements based on our audit. INDEPENDENT AUDITOR S REPORT To the Members of Ceres Properties Limited Report on the Financial Statements We have audited the accompanying financial statements of Ceres Properties Limited ( the Company

More information

Notice for Invitation of Financial Bids dated 19 th February 2015 for appointment as Internal Auditor of IIFCL for the Financial Year

Notice for Invitation of Financial Bids dated 19 th February 2015 for appointment as Internal Auditor of IIFCL for the Financial Year (A Govt. of India Enterprise) Notice for Invitation of Financial Bids dated 19 th February 2015 for appointment as Internal Auditor of IIFCL for the Financial Year 2015-16. India Infrastructure Finance

More information

Scope of Audit. Compilation of Accounts:

Scope of Audit. Compilation of Accounts: C. D. A Notice Inviting Tender/Bids for Appointment of Chartered Accountants for Compilation of Accounts, Internal Audit, Tax Audit and Income Tax Retainers of Cuttack Development Authority, Cuttack for

More information

KARNATAKA STATE BEVERAGES CORPORATION LTD 78, Seethalakshmi Towers, Mission Road, Bangalore Phone: /39/43

KARNATAKA STATE BEVERAGES CORPORATION LTD 78, Seethalakshmi Towers, Mission Road, Bangalore Phone: /39/43 KARNATAKA STATE BEVERAGES CORPORATION LTD 78, Seethalakshmi Towers, Mission Road, Bangalore 560 027. Phone: 22483638/39/43 INVITATION FOR EXPRESSION OF INTEREST FOR EMPANELMENT KSBCL is the sole licensee

More information

Audit of General Insurance Companies

Audit of General Insurance Companies CHAPTER 12 Audit of General Insurance Companies Question 1 Write a short note on - Incoming and Outgoing Co-insurance. Incoming and Outgoing Co-insurance: In cases of large risks, the business is shared

More information

INDEPENDENT AUDITORS REPORT

INDEPENDENT AUDITORS REPORT 104 LIC HOUSING FINANCE LIMITED ANNUAL REPORT 2015-16 INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF LIC HOUSING FINANCE LIMITED Report on the Standalone Financial Statements We have audited the accompanying

More information

Guru Gobind Singh Indraprastha University

Guru Gobind Singh Indraprastha University Guru Gobind Singh Indraprastha University Sector 16C, Dwarka, New Delhi 110078 Website :http://ipu.ac.in Tender No.:GGSIPU/Accounts/2017-18/ Dated: 12 th May, 2017 Registrar, Guru Gobind Singh Indraprastha

More information

TVS-E ACCESS INDIA LIMITED

TVS-E ACCESS INDIA LIMITED ANNUAL REPORT 2009-2010 Board of Directors S S RAMAN R S RAGHAVAN R JAGANNATHAN Registered Office: Jayalakshmi Estates 29, Haddows Road 600 006 Bankers State Bank of India Industrial Finance Branch Anna

More information

SUGGESTED ANSWERS TO MAY 2015 IPCC EXAMS AUDITING & ASSURANCE DISCLAIMER

SUGGESTED ANSWERS TO MAY 2015 IPCC EXAMS AUDITING & ASSURANCE DISCLAIMER SUGGESTED ANSWERS TO MAY 2015 IPCC EXAMS AUDITING & ASSURANCE Dear students, These suggested answers are meant for easy and quick assessment of possible outcome of IPCC aspirants for their in-advance preparation

More information

Notice for Invitation of Financial Bids for appointment as Internal Auditor of IIFCL for the Financial Year

Notice for Invitation of Financial Bids for appointment as Internal Auditor of IIFCL for the Financial Year (A Govt. of India Enterprise) Notice for Invitation of Financial Bids for appointment as Internal Auditor of IIFCL for the Financial Year 2015-16. India Infrastructure Finance Company Limited (IIFCL),

More information

RELIANCE COMTRADE PRIVATE LIMITED 1. Reliance Comtrade Private Limited

RELIANCE COMTRADE PRIVATE LIMITED 1. Reliance Comtrade Private Limited RELIANCE COMTRADE PRIVATE LIMITED 1 Reliance Comtrade Private Limited 2 RELIANCE COMTRADE PRIVATE LIMITED Independent Auditor s Report To the Members of Reliance Comtrade Private Limited Report on the

More information

INTERNAL FINANCIAL CONTROL POLICY

INTERNAL FINANCIAL CONTROL POLICY INTERNAL FINANCIAL CONTROL POLICY The Board of Directors of Kilitch Drugs (India) Limited has adopted the following Internal Financial Control Policy. Section 134(5)(e) of the Companies Act, 2013 requires,

More information

Financial Regulations. Financial. Regulations. Working Together. September Borders College 24/11/ Working Together.

Financial Regulations. Financial. Regulations. Working Together. September Borders College 24/11/ Working Together. Financial Working Together Regulations September 2009 Borders College 24/11/2010 1 Working Together Table of Contents Section 1 - Introduction and Background... 6 Section 2 - Management Responsibility...

More information

REQUEST FOR PROPOSAL (RFP) FOR APPOINTMENT AS INTERNAL AUDITORS OF IFCI LIMITED FOR HEAD OFFICE AND FOUR ZONAL OFFICES FOR FY

REQUEST FOR PROPOSAL (RFP) FOR APPOINTMENT AS INTERNAL AUDITORS OF IFCI LIMITED FOR HEAD OFFICE AND FOUR ZONAL OFFICES FOR FY REQUEST FOR PROPOSAL (RFP) FOR APPOINTMENT AS INTERNAL AUDITORS OF IFCI LIMITED FOR HEAD OFFICE AND FOUR ZONAL OFFICES FOR FY 2017-18 REF NO.IAD/2017-18/02 TO BE SUBMITTED ON OR BEFORE 5.00 P.M. ON 04.10.2017

More information

Guidance on Clause 17(l) Guidance on Clause 17A in the Form No.3CD Select Issues in Accounting for State-Level VAT 29-44

Guidance on Clause 17(l) Guidance on Clause 17A in the Form No.3CD Select Issues in Accounting for State-Level VAT 29-44 S. No. Particulars Page No. 1 Clause No.12(a) and (b) Para No.23 of the Guidance Note (2005 Edition) 2 Clause 17(h) of Form 3CD Pra35 of the Guidance Note 2-12 13-17 3 Guidance on Clause 17(l) 18-23 4

More information

HARYANA AGRO INDUSTRIES CORPORATION LTD.

HARYANA AGRO INDUSTRIES CORPORATION LTD. HARYANA AGRO INDUSTRIES CORPORATION LTD. EXPRESSION OF INTEREST FOR APPOINTMENT OF CHARTERED ACCOUNTANT FIRMS Last Date for Submission of Tender :- 3.00 p.m. on 17.11.2016 Date of Opening of Tender:- 4.00

More information

Tender Notice

Tender Notice National institute of Fashion Technology Government of India Ministry of Textiles NIFT Campus, Hauz Khas, New Dlehi-16 Tender Notice 21.11.2011 1. Sealed limited tenders are invited from the firms based

More information

OFFICE OF THE MISSION DIRECTOR RASHTRIYA MADHYAMIK SIKSHA ABHIJAN, ASSAM Kahilipara, Guwahati

OFFICE OF THE MISSION DIRECTOR RASHTRIYA MADHYAMIK SIKSHA ABHIJAN, ASSAM Kahilipara, Guwahati OFFICE OF THE MISSION DIRECTOR RASHTRIYA MADHYAMIK SIKSHA ABHIJAN, ASSAM Kahilipara, Guwahati-781019 EXPRESSION OF INTEREST FOR EMPANELMENT OF INTERNAL AUDITOR NIT No. RMSA/AIA/109/2013/34 Date:10-09-2014

More information

RELIANCE LNG LIMITED ANNUAL REPORT FY:

RELIANCE LNG LIMITED ANNUAL REPORT FY: RELIANCE LNG LIMITED 1 RELIANCE LNG LIMITED ANNUAL REPORT FY: 2016-17 2 RELIANCE LNG LIMITED Independent Auditor s Report TO THE MEMBERS OF RELIANCE LNG LIMITED Report on the Financial Statements We have

More information

INDEPENDENT AUDITOR S REPORT

INDEPENDENT AUDITOR S REPORT INDEPENDENT AUDITOR S REPORT To The Members of Report on the Financial Statements We have audited the accompanying standalone financial statements of ( the Company ), which comprise the Balance Sheet as

More information

AUDITORS REPORT TO THE MEMBERS OF BHARAT SANCHAR NIGAM LIMITED

AUDITORS REPORT TO THE MEMBERS OF BHARAT SANCHAR NIGAM LIMITED SHARMA GOEL & CO. AUDITORS REPORT TO THE MEMBERS OF BHARAT SANCHAR NIGAM LIMITED A. We have audited the attached Balance Sheet of Bharat Sanchar Nigam Limited as at 31 st March, 2009, the related Profit

More information

Policy on Financial Management and Accounting Transactions A Manual

Policy on Financial Management and Accounting Transactions A Manual M.I.S. Series No. 3 Policy on Financial Management and Accounting Transactions A Manual (Internal Document) Association for Health Welfare in the Nilgiris Post Box.20, Thottamoola, Gudalur. www.ashwini.org

More information

The Kerala State Women s Development Corporation Ltd. (Department of Social Justice) Govt. of Kerala

The Kerala State Women s Development Corporation Ltd. (Department of Social Justice) Govt. of Kerala The Kerala State Women s Development Corporation Ltd. (Department of Social Justice) Govt. of Kerala EMPANELMENT OF INTERNAL AUDITORS Basant, Opp. Manmohan Bungalow, Kowdiar P.O, Thiruvananthapuram- 695003,

More information

ENGAGING PROJECT IMPLEMENTATION SERVICES PROVIDER/ CONSULTANT FOR BUILDING & ALLIED WORKS IN NORTH EAST REGION

ENGAGING PROJECT IMPLEMENTATION SERVICES PROVIDER/ CONSULTANT FOR BUILDING & ALLIED WORKS IN NORTH EAST REGION ENGAGING PROJECT IMPLEMENTATION SERVICES PROVIDER/ CONSULTANT FOR BUILDING & ALLIED WORKS IN NORTH EAST REGION 1 P a g e Uttar Pradesh Rajkiya Nirman Nigam Ltd 168 C, Ashok Nagar, Ranchi (Jharkhand) Ref:

More information

TENDER DOCUMENT FOR PURCHASE OF: ENGAGING OF C.A CONSULTANT AND 3 ACCOUNTS ASSISTANTS Tender Number: /FINANCE, Dated:13.11.

TENDER DOCUMENT FOR PURCHASE OF: ENGAGING OF C.A CONSULTANT AND 3 ACCOUNTS ASSISTANTS Tender Number: /FINANCE, Dated:13.11. India Government Mint, IDA, Phase-II, Cherlapally,(R.R district), Hyderabad Pin-500051 India Ph. No: 91-40-27261731-34, 27266095 Fax No: 040-27262951 E-Mail: igm.hyderabad@spmcil.com Web: http://igmhyderabad.spmcil.com

More information

TENDER DOCUMENT NIT SIKKIM RAVANGLA, SOUTH SIKKIM

TENDER DOCUMENT NIT SIKKIM RAVANGLA, SOUTH SIKKIM NATIONAL INSTITUTE OF TECHNOLOGY SIKKIM TENDER DOCUMENT FOR ENGAGEMENT OF CHARTERED ACCOUNTANT FIRM FOR COMPILATION OF ACCOUNTS AND OTHER ALLIED ACCOUNTING & TAXATION WORK IN NIT SIKKIM RAVANGLA, SOUTH

More information

NOTES ON STANDARDS OF AUDITING [APPLICABLE FOR MAY 2016 & ONWARDS] BY A. AMOGH

NOTES ON STANDARDS OF AUDITING [APPLICABLE FOR MAY 2016 & ONWARDS] BY A. AMOGH NOTES ON STANDARDS OF AUDITING [APPLICABLE FOR MAY 2016 & ONWARDS] BY A. AMOGH +91 9666460051. Amogh Ashtaputre @amoghashtaputre Amogh Ashtaputre Amogh Ashtaputre THIS BOOK CONTAINS 2 PARTS: I. PART A-

More information

Stock Audit of Bank Borrowers CA Pranjal Joshi

Stock Audit of Bank Borrowers CA Pranjal Joshi Stock Audit of Bank Borrowers CA Pranjal Joshi Introduction Working capital finance in the form of cash credit against the security of hypothecation of stock and debtors is one of the most common modes

More information

Request for Proposal (RFP) for Engagement of Statutory Auditors for Indian Institute of Corporate Affairs for the year

Request for Proposal (RFP) for Engagement of Statutory Auditors for Indian Institute of Corporate Affairs for the year Indian Institute of Corporate Affairs Ministry of Corporate Affairs Plot No. P-6,7,8, Sector-5, IMT Manesar (Gurugram), Haryana 122050 Tel: 0124-2640000 Fax: 0124-2291036 E-mail: ritusharma.iica@gmail.com

More information

RELIANCE SUPPLY SOLUTIONS PRIVATE LIMITED

RELIANCE SUPPLY SOLUTIONS PRIVATE LIMITED 664 1 RELIANCE SUPPLY SOLUTIONS PRIVATE LIMITED 2 Independent Auditor s Report To the Members of Reliance Supply Solutions Private Limited (formerly Office Depot Reliance Supply Solutions Private Limited)

More information

Our responsibility is to express an opinion on these standalone financial statements based on our audit.

Our responsibility is to express an opinion on these standalone financial statements based on our audit. Independent Auditors' Report To the Members of Sunteck Realty Limited Report on the Standalone Financial Statements We have audited the accompanying standalone financial statements of SUNTECK REALTY LIMITED

More information

RELIANCE ENERGY AND PROJECT DEVELOPMENT LIMITED 1. Reliance Energy and Project Development Limited

RELIANCE ENERGY AND PROJECT DEVELOPMENT LIMITED 1. Reliance Energy and Project Development Limited RELIANCE ENERGY AND PROJECT DEVELOPMENT LIMITED 1 Reliance Energy and Project Development Limited 2 RELIANCE ENERGY AND PROJECT DEVELOPMENT LIMITED Independent Auditor s Report To the Members of Reliance

More information

NAVODAYA VIDYALAYA SAMITI, REGIONAL OFFICE, BHOPAL

NAVODAYA VIDYALAYA SAMITI, REGIONAL OFFICE, BHOPAL NAVODAYA VIDYALAYA SAMITI, REGIONAL OFFICE, BHOPAL A 135 A, ALKAPURI, GATE NO. 2, BHOPAL - 462024 F.No. 119-1/CA /NVS R.O. BPL/2018-19/ Dated 10-01-2019 TENDER FOR EMPANELMENT OF CHARTERED ACCOUNTANT FIRMS

More information

By CA Kanika khetan

By CA Kanika khetan BANK AUDIT By CA Kanika khetan cakanika14@gmail.com www.anushriagarwal.com Type of banks Commercial Banks. Co-operative Banks. Development Banks (more commonly known as Term-Lending Institutions ). Regional

More information

P r a t i m a B h i n g e & A s s o c i a t e C h a r t e r e d A c c o u n t a n t s

P r a t i m a B h i n g e & A s s o c i a t e C h a r t e r e d A c c o u n t a n t s P r a t i m a B h i n g e & A s s o c i a t e C h a r t e r e d A c c o u n t a n t s Head Office: 606, 7 th Floor, Stellar Spaces, Opposite Zensar Technologies Ltd., Kharadi, Pune 14 INDEPENDENT AUDITOR

More information

BIHAR EDUCATION PROJECT COUNCIL

BIHAR EDUCATION PROJECT COUNCIL BIHAR EDUCATION PROJECT COUNCIL Rastra Bhasha Parisar,Shiksha Bhawan, Saidpur Patna- 800 004 Selection of Chartered Accountant firms for the Audit of State/Districts Accounts (SSA/KGBV/NPEGEL/GOB/Others

More information

NABARD FINANCIAL SERVICES LIMITED [Subsidiary of National Bank for Agriculture and Rural Development]

NABARD FINANCIAL SERVICES LIMITED [Subsidiary of National Bank for Agriculture and Rural Development] NABARD FINANCIAL SERVICES LIMITED (NABFINS) (A subsidiary of NABARD) 3072, 14 th Cross, KR Road Banashankari 2 nd Stage, Bengaluru-560070 E-mail: ho@nabfins.org; Fax: 080 26970504 Telephones: 26970500

More information

Long Form Audit Report

Long Form Audit Report Andheri Branch of WIRC of ICAI Long Form Audit Report Based on Presentation By CA. Niranjan Joshi Now spoilt By CA. Nitant Trilokekar Email: nitanttrilokekar @yahoo.com Internet: nptbanking.blogspot.com

More information

Our responsibility is to express an opinion on these financial statements based on our audit.

Our responsibility is to express an opinion on these financial statements based on our audit. INDEPENDENT AUDITOR S REPORT To the Members of Milky Way Buildcon Limited Report on the Financial Statements We have audited the accompanying financial statements of Milky Way Buildcon Limited ( the Company

More information

Answer to MTP_ Final _Syllabus 2012_Dec2016_Set 2 Paper 19: Cost and Management Audit

Answer to MTP_ Final _Syllabus 2012_Dec2016_Set 2 Paper 19: Cost and Management Audit Paper 19: Cost and Management Audit Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 19 - Cost and Management Audit Full Marks :

More information

Our responsibility is to express an opinion on these standalone financial statements based on our audit.

Our responsibility is to express an opinion on these standalone financial statements based on our audit. INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF AIRJET GROUND SERVICES LIMITED Report on the Standalone Financial Statements We have audited the accompanying standalone financial statements of Airjet Ground

More information

( Sridhar C.) State Project Director

( Sridhar C.) State Project Director BIHAR EDUCATION PROJECT COUNCIL Rastra Bhasha Parisar,Shiksha Bhawan, Saidpur Patna- 800 004 Ph.:0612 2667152, Fax: 0612 2667190 Website: www.bepcssa.in Invitation for Expression of Interest for empanelment

More information

Procedure for : Salary and other allowances YASHADA/M02/ACC. Scope: Regular staff of YASHADA, staff on Deputation and contract

Procedure for : Salary and other allowances YASHADA/M02/ACC. Scope: Regular staff of YASHADA, staff on Deputation and contract - Purpose: Salary and related of staff Scope: Regular staff of YASHADA, staff on Deputation and contract Responsibility: Pay bill clerk, cashier Activities: 1. Receive information about joining, appointment,

More information

NATIONAL FERTILIZERS LIMITED (A Government of India Enterprise) CIN No. L74899DLI974GOI CORPORATE OFFICE A-11, Sector-24, NOIDA (U.P.

NATIONAL FERTILIZERS LIMITED (A Government of India Enterprise) CIN No. L74899DLI974GOI CORPORATE OFFICE A-11, Sector-24, NOIDA (U.P. NATIONAL FERTILIZERS LIMITED (A Government of India Enterprise) CIN No. L74899DLI974GOI007417 CORPORATE OFFICE A-11, Sector-24, NOIDA-201301 (U.P.) REGISTERED OFFICE SCOPE Complex, Core-III, 7, Institutional

More information

Notice No nd June, 2015 Notice Inviting Application

Notice No nd June, 2015 Notice Inviting Application Notice No. 1694 22 nd June, 2015 Notice Inviting Application Madhya Pradesh Warehousing & Logistics Corporation (MPWLC) Office Complex, Block 'A' Gautam Nagar, Bhopal Phone : +91-755-2600509, 510 Fax :

More information

Auditing & Assurance

Auditing & Assurance CA- IPC Auditing & Assurance Solution of paper May 2016 By: Rathore Institute CA. Nitin Gupta Question 1 Discuss the following (4 X 5 = 20 Marks) a) With reference to SA 550, Identification of significant

More information

Part I Sl. 1 Income from operations a) Net Sales / Income from Operations b) Other Operating Income (In Quarter Ended Year Ended 31.03.2016 31.12.2015 31.03.2015 31.03.2016 31.03.2015 Audited Unaudited

More information

KIDWAI CANCER INSTITUTE.

KIDWAI CANCER INSTITUTE. KIDWAI CANCER INSTITUTE. DR.M.H MARIGOWDA ROAD Bengaluru 560 029 NO-KMIO/FA/TND/AUD/06/2018-19 DATED 03/08/2018 TENDER DOCUMENT FOR INTERNAL AUDIT 1 KIDWAI CANCER INSTITUTE DR. M.H. MARIGOWDA ROAD, BANGALORE

More information

Directorate of Local Fund Audit Finance Department, Government of Odisha

Directorate of Local Fund Audit Finance Department, Government of Odisha Directorate of Local Fund Audit Finance Department, Government of Odisha Empanelment of Chartered Accountant firms with the Directorate of Local Fund Audit, Government of Odisha for the year 2017-2018

More information

Your Directors hereby present the Annual Report and Audited Accounts of the Company for the financial year ended 31 st March, 2009.

Your Directors hereby present the Annual Report and Audited Accounts of the Company for the financial year ended 31 st March, 2009. BFIL FINANCE LIMITED REPORT OF THE DIRECTORS FOR THE FINANCIAL YEAR ENDED 31 ST MARCH, 2009 Your Directors hereby present the Annual Report and Audited Accounts of the Company for the financial year ended

More information

Association (NICASA) NIRC of The ICAI. Welcomes

Association (NICASA) NIRC of The ICAI. Welcomes Northern India Chartered Accountants Students Association (NICASA) Of NIRC of The ICAI Welcomes CA Students for the seminar on Bank Audit Statutory Bank Branch Audit - OVERVIEW CA. S Narayanan snarayanan23@gmail.com

More information

AUDIT IPCC NOV 2012 SOLUTIONS

AUDIT IPCC NOV 2012 SOLUTIONS CA Arvind Jain AUDIT IPCC NOV 2012 SOLUTIONS 1 Qn 1 (a) Shares issued at a discount : When shares are issued at a price, less than its nominal value, they are said to be issued at a discount. Section 79

More information

AUDITORS REPORT TO THE MEMBERS OF BHARAT SANCHAR NIGAM LIMITED

AUDITORS REPORT TO THE MEMBERS OF BHARAT SANCHAR NIGAM LIMITED AUDITORS REPORT TO THE MEMBERS OF BHARAT SANCHAR NIGAM LIMITED A. We have audited the attached Balance Sheet of Bharat Sanchar Nigam Limited as at 31 st March 2007 and the related Profit and Loss Account

More information

116 COLORFUL MEDIA PRIVATE LIMITED COLORFUL MEDIA PRIVATE LIMITED ANNUAL ACCOUNTS - FY :

116 COLORFUL MEDIA PRIVATE LIMITED COLORFUL MEDIA PRIVATE LIMITED ANNUAL ACCOUNTS - FY : 116 COLORFUL MEDIA PRIVATE LIMITED COLORFUL MEDIA PRIVATE LIMITED ANNUAL ACCOUNTS - FY : 2017-18 COLORFUL MEDIA PRIVATE LIMITED 117 Independent Auditor s Report TO THE MEMBERS OF COLORFUL MEDIA PRIVATE

More information

Statement-a INDEPENDENT AUDITOR S REPORT

Statement-a INDEPENDENT AUDITOR S REPORT Statement-a INDEPENDENT AUDITOR S REPORT To, The Members The Urban Co-operative Bank Ltd. Address... Ref. :- Appointment Letter Reference No.-------- Dated ------------ Report on the Financial Statements

More information

RELIANCE-GRANDOPTICAL PRIVATE LIMITED. Reliance - GrandOptical Private Limited Financial Statements

RELIANCE-GRANDOPTICAL PRIVATE LIMITED. Reliance - GrandOptical Private Limited Financial Statements RELIANCE-GRANDOPTICAL PRIVATE LIMITED 1 Reliance - GrandOptical Private Limited Financial Statements 2016-17 2 RELIANCE-GRANDOPTICAL PRIVATE LIMITED Independent Auditor s Report TO THE MEMBERS OF Reliance-GrandOptical

More information

Independent Auditor s Report

Independent Auditor s Report To the Members of Ashima Limited Report on the Financial Statements Independent Auditor s Report 1. We have audited the accompanying financial statements of Ashima Ltd. ( the Company ), which comprise

More information

BIL-RYERSON TECHNOLOGY STARTUP INCUBATOR FOUNDATION

BIL-RYERSON TECHNOLOGY STARTUP INCUBATOR FOUNDATION Public BIL-RYERSON TECHNOLOGY STARTUP INCUBATOR FOUNDATION ANNUAL ACCOUNTS FY 2017-18 BIL-RYERSON TECHNOLOGY STARTUP INCUBATOR FOUNDATION Independent Auditor's Report To the Members of BIL-Ryerson Technology

More information

Fiscal Management & Acclountability Act N0. 20 of 2003

Fiscal Management & Acclountability Act N0. 20 of 2003 GUYANA ACT No. 20 of 2003 FISCAL MANAGEMENT AND ACCOUNTABILITY ACT 2003 I assent, Bharrat Jagdeo, President. 16 th December, 2003. ARRANGEMENT OF SECTIONS SECTION PART I GENERAL PROVISIONS 1. Short title

More information

SPORTS AUTHORITY OF GUJARAT

SPORTS AUTHORITY OF GUJARAT SPORTS AUTHORITY OF GUJARAT Request for Proposal (RFP) For Appointment of Chartered Accountant firms for Accounts Services to Sports Authority Of Gujarat, Gandhi Nagar 1. Date &Time of Submission of Tender

More information