Tender for engagement of Chartered Accountants/ Firms for the Internal Audit work of SAST

The firm should have carried out at least Two Statutory Audit of public sector undertaking (other than Banks) and two audit assignments in the state/central social sector (excluding Audit of Charitable Institutions & NGOs) or externally aided projects. Copies of appointment letters as a proof of experience mandatorily to be submitted.

C&AG empanelled major audit firms: A firm those are empaneled with C&AG for the year 2023-24 and eligible for conducting audit of PSUs only will be eligible for the audit of the SAST Schemes. In this regard firms have to submit the details about the firm as per Form T2

Registered H.O./Local Branch office should be in the State Capital: The firms should have H.O./Local Branch Office in the Bangalore. Such office must exist within the State for not less than three years as per the ICAI Certificate.

Firms have to give an undertaking that the audit team members are proficient in States official language (both oral and written) and will be headed by a Chartered Accountant on regular basis.

Firm Constitution Certificate as at 01.01.2024 issued by the Institute of Chartered Accountants of India to be submitted.

The firm or any partners of the firm should not be black listed by any PSUs or Govt. Co. or any other organisation in respect of any assignment or behavior. Self-attested affidavit on Rs.500 stamp paper is to be given in this regard by the authorised person of the firm.

Affidavit as specified in tender document.

Audited financial statement for the last three years (FY 2021-22, FY 2022-23 and FY 2023-24) in support of the firm fees earnings or turnover certificate issued by the other chartered accountant mandatorily to be submitted.

Any firm not qualifying on these minimum criteria need not apply as its proposal shall be summarily rejected.