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REQUEST FOR BID (Open E Tender) Selection of Auditor Firm for Statutory audit of SRAM & Other Scheme for the FY 202324 & 202425 Tender Ref No.: SRAM/MMU/STUDIO/07/202425 tender ID: 2024_SRAM_1073726_1

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What is selection of auditor firm?

The selection of an auditor firm refers to the process through which an organization or company chooses an external auditor to review its financial statements and ensure compliance with accounting standards and regulations.

Who is required to file selection of auditor firm?

Typically, all public companies and certain private companies that exceed specific thresholds in revenue or assets are required to file the selection of an auditor firm. The requirements may vary based on jurisdiction.

How to fill out selection of auditor firm?

To fill out the selection of an auditor firm, organizations should provide details such as the name of the auditor firm, reasons for selection, terms of engagement, any prior relationships with the firm, and ensure compliance with relevant regulations and guidelines.

What is the purpose of selection of auditor firm?

The purpose of selecting an auditor firm is to ensure an independent and objective assessment of the company's financial records, enhance corporate governance, increase stakeholder confidence, and comply with legal requirements.

What information must be reported on selection of auditor firm?

The information that must be reported includes the name of the selected auditor firm, their qualifications, the scope of the audit, projected timelines, fees, and any previous relationship or conflict of interest with the company.

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