National Institute For Micro, Small
                  and Medium Enterprises
                      (An Organisation of the Ministry of MSME, Govt. of India)
             (An ISO 9001:2015 certified organization) Yousufguda, Hyderabad ­ 500 045
 Inviting Expression of Interest (EOI) from reputed Chartered
   Accountant firms for appointment as Internal Auditors of
                   ni-msme for 2019-20
National Institute for Micro, Small and Medium Enterprises (ni-msme), an
organization under the ministry of MSME rendering its services for the growth and
development of MSMEs in the country as well as in developing countries. The
gamut of its activities can be viewed on its website www.nimsme.org. We are
looking for a reputed Chartered Accountant firm for appointment as Internal
Auditors for the year of 2019-20 to undertake internal audit of accounts and other
related/relevant records and files. Document indicating the scope of internal audit
can be downloaded from our website www.nimsme.org in recent updates.
The interested Firm(s) may kindly furnish the EoI duly indicating the fee for their services
so as to reach the undersigned on or before 28-11-2019.            Sd/- Director General
              National Institute for Micro, Small and Medium Enterprises
      (An Organization of the ministry of MSME, GoI and ISO 9001:2015 Certified)
                        Yousufguda, Hyderabad ­ 500 045, India

About the Institute:

ni-msme, the pioneer institute in the field of MSME is playing a major role in providing pro-
business environment to foster the progress of MSME towards success and prosperity. The
raison detre of this Institute is to help the practicing, potential entrepreneurs and Government
officials through a host of services like training, research, consultancy, information, education
and extension.

Set up in 1962, ni-msme has made valuable contributions by creating an impressive record of
achievements beyond the Indian shores, enabling different developing countries to get the benefit
of the Institute's expertise.






Accounts of the Institute:

The accounts of the Institute is maintained in double entry system on accrual basis. The
accounts are maintained in Tally / ERP accounting software. Bank accounts are maintained in
nationalized / scheduled banks. Annual accounts of the Institute which have been uploaded in
the website of the Institute.

Essential Requirements :

        The bidder should be well versed in Tally/ERP accounting software.
        The bidder should have experience of not less than 3 years in conducting Internal Audit
       of Transactions of any Central/State Organizations/ Autonomous bodies/PSUs or
       University or reputed Public or Private Company.
       The bidder should be capable of scrutinizing the Annual Accounts.
       If the bidder is a Partnership Firm all the Partners should be Chartered Accountants.
       The bidder should be CAG empanelled.
Scope of work :-

       The bidder and their Article Clerks should visit the Institute for sufficient number of days
       each month and check the monthly trial balance prepared by the Accounts section of the
       institute
        Wherever necessary accounting errors committed by the Institute in Tally/ERP software
       should be rectified by the bidder.
        Monthly Bank Reconciliation statements should be checked and signed by the bidder.
        Vouchers for every quarter should be audited by the bidder and an Internal Audit Report
       for every quarter should be submitted to the Director General.
        Any case of defalcation or embezzlement of money and any serious irregularity/omission
       should be brought to the notice of the Director General.
        The bidder should conduct 100% audit of all the vouchers.
        Annual Accounts should be rectified as per the audit remarks of CAG audit and
       Statutory Audit.
       The bidder should also check the Bank reconciliation statement.
       The bidder should check Annual Accounts separately for the Grant-in-aid received from
       the Govt. of India, CPF/ EPFO accounts of the employees etc.
       The bidder should submit required number of Annual Accounts duly signed in hard copy
       format in addition to one soft copy.
       During the course of internal audit the bidder should test check the cash balance/stock
       records/library books etc.to ensure that the records are maintained properly.
       The bidder should check project/programme wise income and expenditure.
       The bidder should help in preparing utilization certificates and verify the same for all
       government schemes/ grants received
       The bidder should verify fixed asset register and all other registers including day book
       The bidder should check bank guarantee/ performance






securities The bidder should ensure the following:

           1) TDS and GST have been correctly deducted at source by the Institute.
           2) All legal/statutory requirements have been complied with by the Institute in
              making payment to contractors for supply of outsourced manpower and for supply
              of materials or for execution of work
           3) Payment to suppliers/ Contractors is made in accordance with the purchase
              order/work order.
           4) All money dues to the Institute have been duly collected by the Institute and the
              outstanding dues, if any, is duly monitored by the Institute.
           5) The Institute is maintaining a proper account of its capital assets.
           6) The institute maintains proper account of its investments and the investments are
              safe and secured.
           7) The institute is properly utilizing its infrastructure facilities
8) The Income earned by the Institute is commensurating with its expenditure on
    earning such income
9) The rate of charges fixed by the Institute are not less remunerative.
10) Rent fixed by the institute for letting out its infrastructure facilities is cost
    effective.
11) The Institute has identified unusable, obsolete and unserviceable articles and
    taken proper steps to dispose of them to the best advantage of the Institute
12) The Institute has not wasted its resources in purchasing any unwanted or
    excessive purchase of materials or constructing buildings which are not essential
13) Annual Maintenance Contracts have been entered into by the Institute wherever
    necessary.
14) Bidder need to take up the work of scrutiny beyond the scope of audit.
15) The Institute is following the procedure laid down in GFRs in procurement of
    goods and services.
16) Any other point that the bidder may come across during the audit to be taken up
    with the approval of the HoD.