RFP invited for Engagement of Auditors at HMCGSSC

HMCGSSC, the Home Management and Care Givers Sector Skill Council (formerly DWSSC) seeks to invite RFP proposals, from Chartered Accountant/ Accountant firms/ for conducting Quarterly Internal Audit (including consultancy & Accounting services) of the office of the Home Management and Care Givers Sector Skill Council Located at Okhla, Delhi.

HMCGSSC is a non-profit company (Sec. 8) registered under the aegis of National Skill Development Corporation (NSDC) and the Ministry of Skill Development and Entrepreneurship, Govt. of India, (MSDE) with the purpose to define and operate this key Sector wherein the domestic workers can find decent employment through proper skilling, work, and safe and smooth migration, minimum wages and other aspects of social security. The sub-sectors covered are Housekeeping/ household Services and Caregiving (Non-Clinical). HMCGSSC partners with Training Providers and Assessment bodies for imparting training, and certification and constantly upgrading the skilling eco-system. HMCGSSC has been working in 27 states of India and majority of our Training Centers based both in rural and urban areas. Approximately 70% of our skill development programs happen in rural/ semi urban areas and 90% of the supply of the workers come from the rural areas. We have trained more than 2 lakh beneficiaries under Recognition of Prior Learning (RPL) and Short-Term Training (STT) programs across the nation.

Objectives: The key objective of the Internal Audit includes:

  • To ensure payment based on voucher/evidence to improve transparency.
  • To ensure accuracy and timeliness in maintenance of book of accounts.
  • To improve accuracy and timeliness of periodical financial reporting.
  • To regularly track, follow up and settlement/ adjustment of various advances on a priority basis.
  • To asses & improve overall internal control systems.
  • To assist in finalization of books of account and support in statutory auditor work on behalf of HMCGSSC

Scope of Work

Proposals are invited for Internal Audit of the following:

  1. Bank reconciliation statement of all Bank A/c HMCGSSC.
  2. Audit of administrative expenditure of HMCGSSC
  3. Audit of funds received.
  4. Checking of TDS, TDS transactions.
  5. Quarterly Utilization Certificate to NSDC
  6. Filling income tax return & tax audit

Scope & Coverage of Audit: Internal audit is a systematic examination of financial transactions on a regular basis to ensure accuracy, authenticity, compliance with procedure and guidelines. The emphasis under Internal audit is not on test checking but on substantial checking of transaction. It is an ongoing appraisal of the financial health of an entity to determine whether the financial management arrangements (including internal control mechanism) are effectively working and identify areas of improvement to enhance efficiency.

Last Date for Submission: 19 March 2024, 12:00 PM IST