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As we all know that office of C&AG prepares a panel of chartered accountant firms for the appointment of auditors of public sector undertakings. This panel is also used by the office of C&AG to provide panel to other government authorities/departments, on the basis of specific criteria received from the other end. It has been brought to our notice that sometimes, the criteria pertaining to turnover of the firm is also applied, thus filtering or reducing the number of firms available for the assignment.

The O/o C&AG has been requested that while providing such panels, they may allow other chartered accountants available with the firm, number of audit staff, location of branch/head office at specific places, industry-specific experience, etc. However, the simple criteria of turnover should be avoided as it hampers the flow of work to the eligible firms down the line.

We expect the support of C&AG to ensure equitable distribution of work amongst all eligibles firms of Chartered Accountants.

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