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Initiatives

  • Jan, 16
    2021
  • Draft Panel for Category of MEF application 2020-21 (16 Jan 2021)

    MEF Applicants can visit at https://meficai.org/ to view the category and other information related to their MEF Application. It may be informed that the category displayed is subject to the verification of Common Partners and checking of Financial Documents by the Auditors. The observations, if any, will be communicated separately.

    Any comments/ observations on the details and category can be shared by the MEF Applicants at https://app.meficai.org/complaints latest by 20th Jan., 2021, thereafter no submission for the MEF 2020-21 will be considered.

    PDC Secretariat

  • Jan, 01
    2021
  • Empanelment of Chartered Accountant firms/LLPs with the O/o C&AG of India for the year 2021-2022 (17 Dec 2020)

    Like every year, Office of the Comptroller and Auditor General of India invited online applications from Chartered Accountant firms/LLPs who desire to be empanelled with their office for the year 2021-2022 for the purpose of appointment of auditors of Companies as per Sections 139 (5) and 139(7) of the Companies Act 2013 and of Statutory Corporations/Autonomous Bodies as per the provisions of their respective Acts.


    The online application along with detailed instructions in this regard will be available on the website www.cag.gov.in from 1 January 2021 to 15 February 2021. The applicant firms/LLPs will have to fill/update the data showing the status of their firm as on 1 January 2021. After filling/updating the data, the firms/LLPs will be required to generate online acknowledgement letter for the year. If the firms/LLPs fail to generate online acknowledgment letter, their application would not be considered for empanelment. Further, the firms/LLPs will also be required to submit a printout of the acknowledgement letter generated online and also hard copies of the documents in support of their online application in the Office of the Comptroller and Auditor General of India at 9, Deen Dayal Upadhyaya Marg, New Delhi – 110 002 latest by 26 February 2021.


    Professional Development Committee

  • Nov, 10
    2020
  • Multipurpose Empanelment Form for the year 2020-21 extended till 10th Nov., 2020 (06 Nov 2020)

    It has been decided to extend the last date for filling the Multipurpose Empanelment Form for the year 2020-21 for further 4 days, i.e., till 10thNovember 2020, Tuesday to mitigate the difficulties being faced by the firms in uploading of necessary data.
     
    All the members and firms are requested to kindly fill the Multipurpose Empanelment Form for the year 2020-21 at https://meficai.org positively by 10th November 2020.
     
    Chairman and Vice-Chairman,
    Professional Development Committee

  • Nov, 06
    2020
  • Multipurpose Empanelment Form for the year 2020-21 extended till 6th Nov., 2020 (22 Oct 2020)

    The Multipurpose Empanelment Form for the year 2020-21 is live at  https://meficai.org w.e.f. 23rd September 2020.  The original date of submission was 12th October 2020 which was extended till 23rd October 2020.


    Various representations have been received by the committee requesting for further extension of date due to several reasons stated in such representations. The committee is aware of difficulties such as territorial heavy rains leading to disrupted internet connections,  intermittent office workings due to Covid-19 being faced by the CA firms and members across the Country and additional information in Part B to be given for empanelment other than Bank Audit. 


    In view of above, it is decided to extend the date of submission of MEF and declaration for the year 2020-21 till 6th November, 2020, considering the last date of  filing the Income Tax and GST Return as 31st October 2020.


    With this current extension of 2 weeks, the MEF form will be made available for the members for 45 days, so no further extension is feasible to be given.




    Chairman and Vice-Chairman,
    Professional Development Committee

  • Jun, 08
    2020
  • Revised Norms by O/o CAG for the Empanelment of CA firms (08 Jun 2020)



    PD/A-21/2020 02 June, 2020


    Shri Venkatesh Mohan
    Dy. CAG(C)-Cum Chairman Audit Board
    O/o Comptroller & Auditor General of India
    9, Deen Dayal Upadhyaya Marg New Delhi

    Dear Sir,

    This is with reference to the norms so revised by O/o CAG for the empanelment of CA firms and applying such revision with retrospective effect (the data considered as on 01.01.2020 but the financials were considered as on 31st March 2019). In this regard, we had met with your goodself personally and also represented vide our letter no. PD/A-21/2019 dated 20th January 2020 wherein it was requested not to apply the revision in the norms with retrospective effect. Vide your letter no. 110 CA V/F/54-2013-II dated 29th January, 2020 you have expressed your inability to consider our above mentioned request. Now we understand from Members that the application of revision in norms with retrospective effect has impacted a large number of firms adversely. We request you once again to consider the revision from FY 2021-2022 only.

    We also draw your attention to the clause of Rotation of Audits, the total period of appointment of a firm/LLP as auditor shall be for four financial years provided the firm/LLP continues to be eligible for the said audit, if its point score has not reduced by more than 25 per cent over the previous year’s point score and the firm/LLP has not been debarred from appointment in the year by this office.

    In this regard, we wish to bring to your kind notice that with the revision in norms the percentage reduction in points is substantial. With this, there will be many firms who would not be getting the Audits due to the application of above mentioned clause. So it is requested that such clause may not be applied while allotting the Audits to the empanelled firms. The comparison of points be made from next year with the marks given in the current year under new norms.
    We are sure that you will be kindly considering to our requests favourably.


    Thanking you,

    Yours faithfully
    (CA. Shriniwas Y. Joshi)
    Chairman, Professional Development Committee





  • Jun, 04
    2020
  • Empanelment with the O/o C&AG of India for the year 2020-2021 (27 May 2020)

    The status of provisional Empanelment along with the provisional score points with respect to the Chartered Accountant firms/LLPs firms who have applied for empanelment with O/o C&AG of India for the year 2020-21 will be available from May 28th, 2020 on the website www.care.cag.gov.in.


    All concerned are requested to visit the website and view their status and points. Representations, for any rectification of clerical mistakes in the online data may be sent through email at sao2ca5@cag.gov.in latest by 04.06.2020.


    For any further query or clarification, please contact to the O/o C&AG at 011-23509223/240.



    Chairman,
    Professional Development Committee