Financial Audit Services - Hiring a CA Firm for Preparation of Statutory Audit

The eligibility requirements include being a registered entity as a Chartered Accountant (CA) firm, possessing a valid GST registration, and having a PAN. The firm must also demonstrate experience in conducting statutory audits for educational institutions and must be empaneled with the Comptroller and Auditor General (CAG) of India. Additionally, firms need to provide proof of previous successful audits as part of their submission.

Bidders should ensure that they meet specific technical specifications, which include the ability to prepare comprehensive audit reports, a proven track record in financial audits, and a deep understanding of compliance requirements for educational institutions. It is crucial for bidders to demonstrate their capabilities through prior work experience and qualifications of team members involved in the audit process.

Participants need to submit an Earnest Money Deposit (EMD) alongside their bid documents, which will be detailed within the tender. The payment terms typically specify that payments will be made upon the completion of audit services as per the agreed schedule, with provisions for retention to ensure satisfactory service delivery.

The accepted submission methods include electronic submission through the designated online portal indicated in the tender notice. All documents must be in specified formats, and bidders should ensure compliance with file type requirements as detailed in the tender instructions.

MSEs can take advantage of various provisions designed to facilitate equal opportunity. These benefits often include reduced bid fees, eligibility for concessions, and encouragement through detailed evaluation processes that recognize their contributions to the economy. Furthermore, MSEs are often given added focus during evaluation to promote sustainability and diversity in the bidding process.