Tender Title:

Financial Audit Services - Audit report, As per RFP; CAG Empaneled Audit or CA Firm

Reference Number:

128b3f32e

Issuing Authority/Department:

Department of Home, Ministry of Home Affairs

Scope of Work and Objectives:

This tender invites qualified tenderers to provide Financial Audit Services for the Department of Home. The main objective of the audit is to ensure compliance with established financial standards and regulations, and to provide a thorough and independent audit report as per the tender documentation. The contracted audit firm is expected to examine financial statements, assess internal controls, and confirm adherence to the principles as prescribed by the Comptroller and Auditor General (CAG) of India.

Eligibility Criteria:

To qualify for this tender, bidders must be CAG empaneled audit firms or chartered accountancy firms with a valid registration. Additionally, bidders should possess the necessary experience in conducting government audits and possess a robust understanding of the financial regulations as applicable to the governmental entities.

Technical Requirements:

Bidders must comply with specific technical requirements, which include:

• Compliance with the latest auditing standards laid down by professional bodies.
• Submission of previos audit reports demonstrating previous experience in similar assignments.
• Provision of a detailed methodology outlining their approach to conducting the audit.

Financial Requirements:

Bidders must submit financial documents to demonstrate their capability to undertake this audit. This includes their financial statements for the last three years, alongside proof of their professional indemnity insurance coverage.

Document Submission Details:

All documentation must be submitted electronically through the designated government portal. Complete instructions for submission, including required formats and templates will be provided in the detailed tender documents.

Special Provisions:

This tender includes special provisions that may benefit Micro, Small, and Medium Enterprises (MSEs) by enabling them to participate under specific clauses aimed at enhancing their competitiveness. Startups are also encouraged to submit their proposals, and compliance with ‘Make in India’ policies will be assessed positively.

Evaluation Process:

The evaluation process will be conducted in two distinct phases. Initially, the basic eligibility criteria will be verified, followed by a detailed examination of the technical and financial proposals submitted by eligible bidders. A scoring system will be implemented, with particular emphasis on the quality of the audit plan, past related experience, and financial viability.

Delivery Locations:

Services under this tender will be delivered at the specified governmental offices as per instructions provided within the contract documents.

Contact Information:

For clarification of any doubts regarding the tender, bidders may reach out to the Department of Home via the official channels listed in the government portal.

Additional Information:

Bidders must carefully review all documents listed under the tender before initiating their proposal to ensure compliance with all tender conditions and requirements.