Sr. No. |
Criteria |
Marks |
1 |
Type of Practicing Entity |
Max 3 Marks |
Firm |
3 Marks |
Proprietor |
1 Marks |
2 |
Experience from Date of Incorporation as per Institute's Records |
Max 15 Marks |
> 20 years |
15 Marks |
> 10 years upto 20 years |
10 Marks |
> 05 years upto 10 years |
5 Marks |
upto 05 years |
2 Marks |
3 |
Number of Proprietor / Partners |
Max 18 Marks |
Fellow Members of the Institute of Cost Accountants of India. |
4 marks for every FCMA |
Associate Members of the Institute of Cost Accountants of India. |
2 marks for every ACMA |
4 |
Association of the Proprietor / Partners with the entity(The number of years without any break the proprietor is practice under same trade name / the number of years without any break a member is partner in the entity) |
Max 10 Marks |
> 10 years |
5 marks per partner |
> 5 years & upto 10 years |
4 marks per partner |
> 3 years & upto 5 years |
3 marks per partner |
upto 3 years |
1 marks per partner |
5 |
Number of Professionally Qualified Staff (CMA / CA / CS) (The staff member shall be member of the respective Institute) |
2 marks per Professionally Qualified Staff Member (Max 8 Marks) |
6 |
Number of Semi Qualified Staff & Articles (The staff member shall be graduate / inter CMA / inter CA / inter CS / student of the Institute |
1 marks per Semi Qualified Staff Member (Max 8 Marks) |
7 |
Geographical Presence of the Proprietor / Firm (Number of offices - head office & branch offices as per Institute's record) |
3 marks per Office (Max 9 Marks) |
8 |
Turnover of the Proprietor / Firm (Average Turnover for Last 2 Financial Years) |
Max 10 Marks |
> Rs.0.50 Crore |
10 marks |
> Rs. 0.25 Crores & upto Rs.0.50 Crores |
7 marks |
> Rs. 0.10 Crores & upto Rs. 0.25 Crores |
5 marks |
> upto Rs. 0.10 Crores |
2 marks |
|
|
9 |
Professional Experience of the Proprietor / Firm |
Max 15 Marks |
9A-Audit assignments (Experience of carrying out audit assignments - Cost Audit, GST Audit, Internal Audit, Concurrent Audit , Stock Audit, Cooperative Audit during immediately preceding 2 years)(The marks are based on the Annual Turnover of the Auditee Entity) |
|
> Rs. 1000 Crore |
5 marks per year of each audit |
> Rs. 500 Crore & upto Rs. 1000 Crore |
3 marks per year of each audit |
> Rs. 200 Crores & upto Rs. 500 Crore |
2 marks per year of each audit |
upto Rs. 200 Crores |
1 marks per year of each audit |
9B-Value Added Services (Experience of carrying out Value Added services such as Valuation assignments, Insolvency assignments, Social Impact analysis, ADR Services, ERP Consulting, Management Consultancy, NCLT, Litigation, Forensic Audit, Systems Audit, Training during immediately preceding 2 years) (The marks are based on the Annual Turnover of the client Entity) |
|
> Rs. 1000 Crore |
5 marks per year of each assignment |
> Rs. 500 Crore & upto Rs. 1000 Crore |
3 marks per year of each assignment |
> Rs. 200 Crores & upto Rs. 500 Crore |
2 marks per year of each assignment |
upto Rs. 200 Crores |
1 marks per year of each assignment |
10 |
Experience of carrying out Audit Assignments in ERP Environment |
2 marks per year for each assignment (Max 4 Marks) |