C&AG Empanelment Date Increased to 25th February, 2015

Comptroller and Auditor General of India has increased the date of Chartered Accountants Empanelment to 25th of February, 2015. Earlier this date was 15th of February, 2015.

Source: http://cagofindia.delhi.nic.in/caregistration/





Below is the general Instruction to file the empanelment application:

OFFICE OF THE COMPTROLLER & AUDITOR GENERAL OF INDIA
9, Deendayal Upadhyay Marg ,  New Delhi 110002

General Instructions

·         Chartered Accountant firms (firm) and Limited Liability Partnership firm (LLP) in the country with at least one full time FCA (Partner/Sole Proprietor) as on 1^st January 2015 can apply for empanelment with the office of the CAG of India for allotment of audit of Public Sector Undertakings/Statutory Corporations for the year 2015-2016. 

·         The firms who intend to be empanelled with this office need to submit their application online from 1^st January to 15^th February 2015 on the website www.saiindia.gov.in. It is advised to submit the application well in advance to avoid last minute rush.

·         The information to be given in the application should be the position as on
1^st January 2015. Firms that are already empanelled with the CAG’s office need only to modify the information that is already available in the application format for changes if any, reflecting the status of such firms as on 1^st January 2015.

·         Firms that are seeking empanelment for the first time should provide information as on 1^st January 2015.

·         The information filed online in the application can be edited/modified any number of times till last date of submission.

·         Please fill up e-mail ids and mobile numbers correctly as userid/password will be communicated through these modes.

·         All applicant firms will be given unique online acknowledgement number for the year 2015-16 and only firms that have generated the online acknowledgement number for the year 2015-16 will be considered for empanelment.

·         The online data submitted by the CA firms should match with the updated data of the firm available with the Institute of Chartered Accountants of India showing the position as on 1^st January 2015. It may however be noted that any changes in data occurring after the cut-off date of 15^th February 2015 that lead to reduction in the rank of the applicant firm shall be taken into account.

The firms who have submitted the online application form are required to furnish the following documents, which should reach this office by 15^th March 2015.

(i)         Online acknowledgement letter for the year 2015-16 generated at the time of filing online application.

(ii)       Statement I: Undertaking signed by the sole proprietors/partners of the firm/LLP as per format.

(iii)     Statement II: Signature of CA employees of the firm/LLP.

(iv)      Copy of the Income Tax return of the firm along with computation for the assessment year 2014-15 including distribution of income to partners.

(v)        Income tax return for the assessment year 2014-15 of those CA employees who have joined as partners in the firm after 1^st April 2013.

(vi)      Copy of the annual accounts of the firm for the financial year 2013-14 along with schedules indicating the distribution of income among the partners.

(vii)     Copy of the Service tax return filed by the firm for the year 2013-2014. In case numbers of returns are more than two, summary sheet may also be attached.

(viii)   In case of CISA qualified members, copy of the final CISA certificate granted by the “Information Systems Audit and Control Association” after successfully meeting all requirements.

(ix)      Duly filled up check list of the documents as per format. (To be placed on the top).

(x)        Self addressed acknowledgement form for receipt of documents as per format.

·         The above documents should be addressed to:

Director General (Commercial)-I,

Office of the Comptroller & Auditor General of India,

10, Bahadur Shah Zafar Marg,

New Delhi-110124.

·         On the top of the envelope containing the documents, the following should be stated:

“Application for empanelment as Auditors of Public Sector Undertakings”

·         The documents should be properly tagged and page numbered. This office owns no responsibility for loss of any documents, which are not properly tagged or sent subsequently in piecemeal.

·         Only applications complete in all respects will be considered for empanelment. Incomplete application/documents received after the prescribed last date will not be entertained. Discrepancy (ies),if any, will not be intimated.

·         A provisional panel will be available on the website during last week of April 2015 indicating the position of empanelment of the firm. Representation, if any, for clerical mistake in the online data only will be accepted upto 5^th May 2015. The representations will be considered on merit on case to case basis. No representation of any kind will be entertained after 5^th May 2015.

·         The CAG reserves the right to call for additional information.

·         The decision of the Office of the CAG of India in this respect will be final.

·         The information submitted by the applicant firms is subject to verification with the details to be provided by the Institute of Chartered Accountants of India and any other organization(s) as may be required.  If any of the information so furnished is later found to be not correct or false or there has been suppression of material information, the firm would stand disqualified from empanelment/allotment of audit for 3 to 5 years and might also be liable for disciplinary action under the Chartered Accountants Act, 1949 and the regulations framed there-under.

·         This office reserves the right to inspect the offices of the Chartered Accountant firms empanelled with this office to verify the correctness of the information furnished in the application for empanelment.

·         This office reserves the right to take necessary action in case the firm refuses to take up the audit assignment without valid reason.

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