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 |
> 15 years |
5 marks per partner |
> 10 years & upto 15 years |
4 marks per partner |
> 5 years & upto 10 years |
3 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 9 Marks) |
8 |
Turnover of the Proprietor / Firm (Average Turnover for Last 2 Financial Years) |
Max 10 Marks |
> Rs. 1.00 Crore |
0 marks |
> Rs. 0.50 Crores & upto Rs. 1.00 Crore |
5 marks |
> Rs. 0.25 Crores & upto Rs. 0.50 Crores |
2 marks |
> Rs. 0.10 Crore & upto Rs. 0.25 Crore |
0 marks |
upto Rs. 0.10 Crores |
0 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) |