We are pleased to inform you that Professional Development Committee of The Institute of Chartered Accountants of India (ICAI) is organising a Programme on "Young members mentorship" hosted by Western India Regional Council (WIRC) of ICAI scheduled on 26th June & 27th June, 2020 from 04:00 PM to 07:00 PM through Virtual CPE Meeting (VCM).
 

A representation dated 12th June, 2020 was sent to Chief Accounts Officer, Chhattisgarh Housing Board, Head Office - Paryavas Bhawan, Sector-19, North Block, Atal Nagar, Nava Raipur, Raipur (Chhattisgarh) who had invited applications in response of the tender floated by them for Selection of firms of Chartered Accountants for Accounting in Double Entry System of the Accounts of Municipal Corporation, Raipur.

In light of the notification, our Chartered Accountants members are not allowed to respond to tenders that are for conducting audit which exclusively reserved for the Chartered Accountants where minimum fee of the assignment is not prescribed.

A representation dated 24th May, 2020 was sent to Additional Chief Secretary, Rural Development and Panchayat Raj Department, Mumbai, who had invited applications in response to the tender floated by them for Selection of Service Provider for preparation and filing of various tax returns under the various laws/statutes and Outsourcing of Manpower services at Gram Panchayats, Panchayat Samiti, Zilla Parishads, MSRLM and other departments in Rural Development Department, Government of Maharashtra.

In light of the notification, our Chartered Accountants members are not allowed to respond to tenders that are for conducting audit which exclusively reserved for the Chartered Accountants where minimum fee of the assignment is not prescribed.

Letter dated 15th June, 2020 sent to Finance Controller, UPAVP, who invited application from practicing firms of Chartered Accountants within India for Tax Audit and Book Keeping.

In light of the notification, our Chartered Accountants members are not allowed to respond to tenders that are for conducting audit which exclusively reserved for the Chartered Accountants where minimum fee of the assignment is not prescribed.

PD/A-21/2020 02 June, 2020


Shri Venkatesh Mohan
Dy. CAG(C)-Cum Chairman Audit Board
O/o Comptroller & Auditor General of India
9, Deen Dayal Upadhyaya Marg New Delhi

Dear Sir,

This is with reference to the norms so revised by O/o CAG for the empanelment of CA firms and applying such revision with retrospective effect (the data considered as on 01.01.2020 but the financials were considered as on 31st March 2019). In this regard, we had met with your goodself personally and also represented vide our letter no. PD/A-21/2019 dated 20th January 2020 wherein it was requested not to apply the revision in the norms with retrospective effect. Vide your letter no. 110 CA V/F/54-2013-II dated 29th January, 2020 you have expressed your inability to consider our above mentioned request. Now we understand from Members that the application of revision in norms with retrospective effect has impacted a large number of firms adversely. We request you once again to consider the revision from FY 2021-2022 only.

We also draw your attention to the clause of Rotation of Audits, the total period of appointment of a firm/LLP as auditor shall be for four financial years provided the firm/LLP continues to be eligible for the said audit, if its point score has not reduced by more than 25 per cent over the previous year’s point score and the firm/LLP has not been debarred from appointment in the year by this office.

In this regard, we wish to bring to your kind notice that with the revision in norms the percentage reduction in points is substantial. With this, there will be many firms who would not be getting the Audits due to the application of above mentioned clause. So it is requested that such clause may not be applied while allotting the Audits to the empanelled firms. The comparison of points be made from next year with the marks given in the current year under new norms.
We are sure that you will be kindly considering to our requests favourably.


Thanking you,

The status of provisional Empanelment along with the provisional score points with respect to the Chartered Accountant firms/LLPs firms who have applied for empanelment with O/o C&AG of India for the year 2020-21 will be available from May 28^th, 2020 on the website www.care.cag.gov.in.

All concerned are requested to visit the website and view their status and points. Representations, for any rectification of clerical mistakes in the online data may be sent through email at sao2ca5@cag.gov.in latest by 04.06.2020.

For any further query or clarification, please contact to the O/o C&AG at 011-23509223/240.

Chairman,
Professional Development Committee