No.NITP/3805/19
Engagement of Chartered Accountant firm to preparing Annual Accounts, Bank
reconciliation and Internal Audit work of the National Institute of Technology, Patna
Eligibility Criteria for Engagement : (i) The Chartered Accountant firm should have a minimum of 05 years of experience in
preparing annual accounts & audit of Central/State Government University/
Educational institute/organization/autonomous bodies.
(ii) The firm should be empanelled with Comptroller & Auditor General of India (CAG).
(iii) Minimum 04 Full Time Partners should be associated with the firm for not less than
3 years with at least one being a Fellow CA.
(iv) The firm should have completed minimum 04 No. of assignments: Experience of
audit of Externally Aided Projects Social Sector Projects (other than Audit of
Charitable Institutions & NGOs) in the last 3 years.
(vi) Minimum Turnover of the firm should not be less than Rs 25.00 Lacs per annum in
last three financial years.
(vii) Partner of Chartered Accountant firm should have an association of 10 years or
more with the firm and another partner of the firm should have association of at
least 5 years or more with the firm.
(viii) The minimum number of professional staff (excluding typists, stenographers,
computer operators, and sub-ordinate staff etc.) consisting of audit and articled
clerks with the knowledge in book-keeping, bank reconciliation and accountancy
and are engaged in outdoor audit should be minimum 05 (Five).