Retender for Appointment of Audit Firms for conducting internal audit of REC Power Distribution Company Limited for the Financial Year 2014-15
SCOPE OF WORK:
The audit firm would be required to conduct the internal audit of RECPDCL in accordance with the standards on internal audit, REC (holding company of RECPDCL) Internal Audit Manual and guidelines / circulars of REC as amended from time to time. The firm cannot assign this assignment to any other firm.
Initial engagement period of appointment will be for one year for the FY 2014-15. Based on their satisfactory performance, the tenure may be further extended on year on year basis for a maximum period of two years.
The company invites sealed tenders super scribing the name of the work for consideration.
TIMELINES:
| Schedule | For the period | Remarks |
| 1st Half Yearly Audit | 1st April, 2014 to 30th Sep, 2014 | Audit to be commenced immediately after award of work order. |
| 2nd Half Yearly Audit | 1st Oct, 2014-31st March, 2015 | Should be completed by 10th April, 2015 |
The internal audit of the accounts should be carried out on half yearly basis without any over lapping. Half yearly reports need to be submitted to the Chief Executive Officer (CEO) after completion of each half year and the audit period should be minimum of 10 days for each phase of audit covering the entire scope.
Audit firm is required to visit RECPDCL office as and when required as per scope of work
The audit should be executed by a competent team of professionals, comprising of at least 1 qualified Chartered Accountant with 5 years of experience and 2 qualified staff (CA/CMA, CS, Inter CA/CMA, MBA(Finance) M.Com) who have strong exposure and experience and should be closely supervised by a Partner level person who will oversee the audit and attend all meetings with the Top Management and Audit Committee, as and when required.
| SL No | Event | Information to the agencies |
| 1 | Date of Release | 08.01.2015 |
| 2 | Last date of submission | 16.01.2015 at 11:00 hours |
| 3 | Date of Opening | 16.01.2015 at 11:30 hours |
| 4 | Eol document | The details can be downloaded free of cost from the websites www.recpdcl.in
www.recindia.com. (or) www.eprocure.gov.in |
| 5 | Address for communication | REC Power Distribution Company Limited.,1016-1023, 10th Floor, Devika Tower, Nehru Place, New Delhi- 110019, India. Telefax : +91-11-44128768, Phone :+91-11-
44128760/67, Email- recpdcl@ rediffmail.com |
| 6 | Contact Person | Somya Kant
CFO Phone:011-44128766; Fax:011-44128768 Email-recpdcl@rediffmail.com |