CA Firms Criteria of Getting PSU Audit from CAG

Basic Eligibility Criteria for Selection as Auditor of PSU

Only Chartered Accountant firms in India with at least one full time FCA(Partner/Sole Proprietor) can apply for empanelment to the office of the CAG of India for allotment of audit of Public Sector Undertakings.

Full time partner does not include a person who is

1. A partner in other firms
2. Employed full time/part time elsewhere, practicing in their own name or engaged in practice otherwise
3. Partner whose compensation from the firm is below the prescribed limit and does not commensurate with the total compensation (share of profit, remuneration and interest on capital etc) paid/payable to the partners during the assessment year

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