ICMAI Invites EOIs for Internal Audit of ICMAI’s Regional Councils and 3 Chapters: Submit EOI by July 14, 2024

The Institute of Cost Accountants of India (ICMAI) seeks Expressions of Interest (EOI) from cost accountant firms for internal audit empanelment of its regional councils and three chapters (Hyderabad, Bangalore, and Jaipur). The firms must be registered partnership firms with at least three years of existence and prior experience in internal audits. They should have a PAN and GST registration. Eligibility excludes firms with partners or staff previously holding office in ICMAI managing committees within the last eight years. Selection criteria include points for number of partners, qualified assistants, firm age, audit experience, and years in internal audit. Applications, accompanied by specified documents, are due by 14th July 2024 via Speed Post/Courier to ICMAI's Kolkata office. Fees range from Rs. 50,000 to Rs. 75,000 annually per audit assignment, plus applicable GST. Audit teams must submit half-yearly reports, and initial engagements may extend based on performance and mutual consent.