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Auditors empenalment

659 views 3 replies

Respected Sir/Madam

 

One of my brothers is a ACA and  registered his own CA firm in the year 2011. Now we are trying to register with CAG. we are aware that we are a new firm and we will not qualify for Govt & PSU audits but we can get local audits which require CAG registration.

 

Please can anyone clarify me whether we can get ourselves registered with CAG or not. If yes please guide me. Please provide me what are the procedures for this and what its terms and conditions to be followed.

 

Its a sincer request please help me and provide me your valuable answers in this regard.

Replies (3)

Firstly if you are registered with ICAI, you can empanel with CAG, and the registration is done once in a year. You can check the details in the chartered accountant corner at this site https://cag.gov.in/ , you can read the instructions manual(given there) before you register for it.

Generally, for cocurrent audit, revenue audit, stock audit etc the banks require experienced chartered accountants and also substantial experience.But thats not mandatory. You may call at the zonal offices of banks and talk to the head of audit and inspection department, they will guide you regarding the procedure.

Thank you Mr. Duraga Prasad :)


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