Cotton Corporation of India Limited offering tender for appointment of internal auditor 2026-27

1. Eligibility Requirements

Your CA firm must have:

 Minimum 10 years audit experience
 Experience auditing at least 2 Govt/PSU entities in last 5 years
 PAN & GST registration
 No blacklisting / criminal cases
 Local office in Guntur / Vijayawada / Mangalagiri
 Independence (not stock auditor of CCI)

2. Fees & Deposits

Minimum Monthly Audit Fee

• ₹15,000 per month (GST extra)
• Must include travel, stay, boarding, etc.

 You cannot quote below this amount.

Earnest Money Deposit (EMD)

• ₹5,000 (Demand Draft)
• Refunded after successful completion

3.Bid Submission Method

Two-Bid System:

 Technical Bid (Envelope A)

Include:

• Firm details
• Eligibility documents
• Experience proof
• PAN & GST
• Undertakings
• EMD DD

Financial Bid (Envelope B)

Include only:

• Monthly fee quote

Both sealed inside one main envelope.

4. Selection Criteria

Technical qualification first
 Then lowest bidder (L1) selected

Special rule: If multiple firms quote the same minimum fee →

Oldest firm (by registration date) wins

5. Scope of Work — Detailed

Branch Office Audit

You must audit:

 Procurement

• Cotton purchase compliance with MSP rules
• Quality deductions
• Farmer payments via Aadhaar system
• Contracts & documentation

Sales

• Bale sales contracts
• Deposits & payments
• Delivery orders
• Debtors monitoring
• Credit control

 Banking & Finance

• Bank reconciliations
• Fund transfers to Head Office
• Payment controls
• Vendor payments

 Insurance

• Insurance coverage for stock/assets
• Claim processing

 Legal & Compliance

• Legal cases against buyers
• GST, TDS, PF compliance
• Statutory returns

Accounts & Reporting

• ERP accounting records
• Trial balance review
• Debtors/creditors verification
• Financial reports

 Assets & Admin

• Physical verification of assets
• Inventory checks
• Advances control

 Field Audit — Major Component

You must visit:

• Procurement centers
• APMCs (market yards)
• Ginning factories
• Godowns
• Storage facilities

Especially during cotton season.

 This is NOT a desk audit — it requires physical inspection.