Evaluation Criteria

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Information for the Evaluation of the Applying Entity

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 16 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
	> 15 years	4 marks per partner
	> 10 years & upto 15 years	3 marks per partner
	> 5 years & upto 10 years	2 marks per partner
	upto 5 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	2 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)	2 marks per Office (Max 6 Marks)
8	Turnover of the Proprietor / Firm (Average Turnover for Last 2 Financial Years)	Max 15 Marks
	> Rs. 1.00 Crore	15 marks
	> Rs. 0.50 Crores & upto Rs. 1.00 Crore	10 marks
	> Rs. 0.25 Crores & upto Rs. 0.50 Crores	5 marks
	> Rs. 0.10 Crore & upto Rs. 0.25 Crore	2 marks
	upto Rs. 0.10 Crores	1 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, Stock Audit, Cooperative Audit during immediately preceding 2 years)(The marks are based on the Annual Turnover of the Auditee Entity)
	> Rs. 5000 Crore	5 marks per year of each audit
	> Rs. 1000 Crore & upto Rs. 5000 Crore	3 marks per year of each audit
	> Rs. 500 Crores & upto Rs. 1000 Crore	2 marks per year of each audit
	upto Rs. 500 Crores	1 marks per year of each audit
	9B-Valuation Assignments (Experience of carrying out Valuation assignments during immediately preceding 2 years) (The marks are based on the Annual Turnover of the Auditee Entity)
	> Rs. 5000 Crore	5 marks per year of each assignment
	> Rs. 1000 Crore & upto Rs. 5000 Crore	3 marks per year of each assignment
	> Rs. 500 Crores & upto Rs. 1000 Crore	2 marks per year of each assignment
	upto Rs. 500 Crores	1 marks per year of each assignment
	9C-Insolvency Assignments (The marks are based on the Number of assignments carried out in the previous 2 Years)	5 marks per Assignment during the period
	9D-Value Added Services (Experience of carrying out Value Added services such as 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. 5000 Crore	5 marks per year of each assignment
	> Rs. 1000 Crore & upto Rs. 5000 Crore	3 marks per year of each assignment
	> Rs. 500 Crores & upto Rs. 1000 Crore	2 marks per year of each assignment
	upto Rs. 500 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)

Notes:

1. For evaluation under this scheme, Partners who are associated only with the applicant entity will be considered. If a member is Partner with more than one Firm, he/she will not be considered for calculation of marks under this scheme.
2. If a Partner retires between the date of application under this MES till the date of Final Verification, the associated marks for the purpose of evaluation will be credited.
3. If a Partner joins between the date of Application under this MES till the date of Final Verification, the associated marks for the purpose of evaluation will not be added.
4. If a Proprietor / Firm is closed as per the Institute’s Records from the date of Application under this MES till the date of Final Verification, the entity will not be included in the Panel & will not be allotted any Unique Code Number (UCN).

REQUIREMENTS OF DOCUMENTS TO BE SUBMITTED:

1. For evaluation under this scheme, Partners who are associated only with the applicant entity will be considered. If a member is Partner in more than 1 Firms, he/she will not be considered for calculation of marks under this scheme.
2. The applicant shall provide self-certified undertaking in respect of the Sr. No. 4, 5, 6, 9, 10, 11 & 12 in the format prescribed under this scheme. Download Format
3. In respect of Sr. No. 8 above a certificate along with UDIN from a Practicing Cost Accountant, Company Secretary or Chartered Accountant shall be attached in soft copy format. The professional signing the document shall not be a partner or employee of the applicant. Download Format
4. In respect of Sr. No. 1, 2, 3 & 7 information as appearing in the Institute's Record at the time of enrollment will be considered for calculation of marks under this scheme.