Financial Audit Services - Review of Financial Statements; CAG Empaneled Audit or CA Firm
Financial Audit Services - Review of Financial Statements; CAG Empaneled Audit or CA Firm
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Tender Description
Tender Title: Financial Audit Services - Review of Financial Statements; CAG Empaneled Audit or CA Firm
Reference Number: 288c5ef9e
Issuing Authority: Ministry of Labour and Employment
Scope of Work and Objectives
The primary objective of this tender is to procure essential Financial Audit Services for the comprehensive Review of Financial Statements. The chosen bidder will be expected to perform an extensive audit of financial reports, ensuring compliance with applicable accounting standards and regulatory frameworks. The Ministry of Labour and Employment is seeking a CAG empaneled audit firm or a qualified Chartered Accountant (CA) firm to ensure that financial statements reflect a true and fair view of the financial position of the Ministry.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
3 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- Additional Doc 1 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
- the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
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Frequently Asked Questions
To qualify as a CAG empaneled audit firm, applicants must ensure that they are registered with the Comptroller and Auditor General of India. Additionally, they must prove their experience in conducting financial audits for government organizations. Compliance with all relevant legal requirements is also essential.
Eligible bidders must provide proof of registration as a CAG empaneled audit firm or as a Chartered Accountant (CA) along with other relevant qualifications. In addition, a valid GST certificate and past client testimonials verifying the bidder’s auditing experience may be required.
Interested firms must first register on the designated tender platform, completing all necessary fields. After successful registration, firms can submit their bids along with required documents in accepted formats, such as PDF and Word.
The evaluation process consists of two distinct phases: a technical evaluation followed by a financial evaluation. A detailed scoring mechanism will assess compliance with technical criteria, after which qualified bids will be evaluated based on their financial proposals and overall value.
This tender allows for special provisions for MSEs, ensuring that they receive competitive advantages during the evaluation process. This may include priority in tender consideration, along with access to resources or guidance specific to bidders from this sector to encourage participation in government contracts.
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