Uttar Pradesh Expressway Industrial Development
Authority Inviting For Selection For Internal Auditor
Nature of Work
Appointment of an Internal Auditor for UPEIDA for FY 2026–27.
The selected CA firm will perform internal audit and financial control
functions including:
- Review
adequacy and effectiveness of internal controls.
- Audit
contracts, payments, accounting records and statutory compliance.
- Audit
toll collections, advances, escrow accounts, liabilities, assets and
reconciliations.
- Prepare
management letters and monthly/quarterly/annual reports.
- Coordinate
with statutory auditors and prepare draft financial statements.
- Deploy
at least 2 auditors and 1 full-time partner/CA for audit work at
least 2 days per week.
Eligibility Criteria
The applicant CA firm must satisfy:
- Head
office/branch office in Lucknow.
- Minimum
15 years' audit experience with Central/State Government PSUs,
institutions, societies, etc.
- Conducted
internal audit of at least one PSU/Private/Government entity with
turnover ≥ ₹100 crore in FY 2022–23, 2023–24 or 2024–25.
- Audited
at least 5 companies/entities with PPP/BOT/EPC projects in the road
sector during FY 2022–23 to FY 2024–25.
- Minimum
3 full-time partners (continuously for last 5 years), including 2
FCAs.
- Minimum
2 full-time CAs/partners with DISA qualification.
- Average
turnover of firm during FY 2022–23 to FY 2024–25: ≥ ₹80 lakh.
- Valid
ICAI Peer Review Certificate.
- CAG
empanelment required.
- Minimum
75 technical marks required.
- Firm
should not be blacklisted/debarred.
Firm Requirement
- ICAI
Constitution Certificate mandatory.
- Partnership
deed (if applicable).
- Valid
Peer Review Certificate.
- CAG
empanelment certificate.
- Full-time
partner supervision:
- Partner
with minimum 5 years post-qualification experience, or
- Qualified
CA with 10 years post-qualification experience
- Must
possess DISA qualification.
Advance Requirement
No specific advance payment provision exists in the RFP.
The auditor is expected to verify and review mobilization
advances and their recoveries, but UPEIDA does not provide advance payment
to the selected auditor.
Location Requirement
- Firm
must have Head Office/Branch in Lucknow.
- Audit
may also require visits to UPEIDA Project Implementation Units (PIUs)
across districts of Uttar Pradesh.
Contract Details
- Contract
period: FY 2026–27
- Extension
possible for up to 2 additional years, based on satisfactory
performance and UPEIDA discretion.
- Audit
reports:
- Monthly
draft report by 5th of succeeding month
- UPEIDA
compliance within 10 days
- Payment
terms:
- Paid
quarterly after submission of final quarterly audit report.
Financial Details
- Minimum
professional fee allowed: ₹3,50,000 per annum (exclusive of GST).
- Bidder
cannot quote below this amount.
- No
reimbursement for:
- Travel
- Conveyance
- Out-of-pocket
expenses
- Incidental
expenses
- Selection
basis:
- Lowest
financial quote among technically qualified bidders (L1).
- Tie-breaker:
Higher technical score → greater relevant experience → management
decision.