RFP-Empanelment of Chartered Accountant Firms for Independent Audit of Projects implemented with CSR Funds under Companies Act, 2013

Follow us @ngobox

Empanelment of Chartered Accountant Firms for Independent Audit of Projects implemented with CSR Funds under Companies Act, 2013

About the Organization:

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest.

About CSR2life.com:

CSR2life.com is an innovative and cost-effective digital platform for CSR Funding. The platform supports corporates, NGO's and other stakeholders to connect with each other to overcome limitations in CSR spending. The platform’s reach enables visibility of projects of NGOs / CSR Implementation Agencies operating in urban, rural as well as in remote locations, to numerous companies / organisations simultaneously

Independent Audit of Community Projects under CSR:

The CSR Committee of ICAI has issued an advisory titled ‘Advisory for Independent Practitioner’s Report on Utilization of CSR Funds'. The advisory states that “Wherever the company undertakes the CSR activity through a third party / NGO, it is advised that all such companies should obtain an Independent Practitioner’s Report on Utilisation of such CSR Funds from the auditor / CA in practice of the third party / NGO, to whom the funds are given by the Company for implementing CSR activity”.

In accordance with ICAI's advisory, CSR2life aims for transparency in CSR expenses by CSR implementation agencies /NGOs. If a project undergoes an independent audit, companies have a higher level of trust. CSR2life.com is a transparent CSR platform which employs an impartial third party to evaluate the expenditure of projects funded by corporate.

Terms:

• CSR2life.com intends to appoint Chartered Accountant Firm close to the location of a community initiative / project funded by CSR funds. Chartered Accountant Firms across India are eligible to apply.
• The firm / proprietor / partners should have minimum 02 years audit experience.
• Application shall only be accepted through User Links section of our website, https://csr2life.com. Application received through E-mail / Courier / Post shall not be accepted.
• Empanelment of Chartered Accountant Firms are subject to verification of application.

Empanelment Procedure:

The suggested steps for submission of application are;

Create Sign up

• Enter following details
  • Name of Firm
  • Firm Registration Number of ICAI (FRN)
  • Authorized Email Id
  • Create Password
• Activate Account through link send in E-mail provided at the time of sign up.
• Login through User Id and Password
• Provide all necessary information / details in the Application Form.
• Check that all information is correctly entered.
• Click on Submit Button. Application once submitted cannot be modified.
• An Email Acknowledging Receipt of Empanelment Application containing Acknowledgement Number shall be sent on Registered Email Id.

Chartered Accountant Firms can send email on contact@csr2life.com. Quote Empanelment Acknowledgement Number for correspondence with CSR2life

For more information please check the Link