Financial Aspect

AUDIT FEE /NO. OF AUDIT TEAM MEMBERS / DAYS REQUIRED FOR AUDIT

(AUDIT FEE TO BE PAID DIRECTLY TO THE AUDIT TEAM MEMBERS).

 

S.No.

Academic Audit (for Departments)

Administrative Audit

Fee* in Rs.

No. of days required

No. of Audit team members

1

1 – 5 departments

+ Institution

25,000/-

2

2

2

6 – 10 departments

+ Institution

35,000/-

3

2

3

11-15 departments

+ Institution

50,000/-

3

3

4

16 -24 departments

+ Institution

65,000/-

3

4

5

25 or more departments

+ Institution

85,000/-

4

4



STATUTORY TRAVEL AND ACCOMMODATION ADVISORY APPLICABLE TO AUDIT TEAM MEMBERS

 

Transport Remarks Accommodation Remarks
By Air

Air Travel for distance more than 600 km or requiring overnight train / bus travel.
Budget airlines / Economy tickets to be booked by the college. No provision for pre-booked / inflight meal /snacks. Payment for Incidentals: Rs. 500/- per travel. All members to be accommodated as follows, subject to availability
a) Institutional Guest house having good facilities equivalent to atleast 3 star hotel level. If this is not available then:

b) *Hotel room –single occupancy / single room upto a maximum of Rs. 2500 /-(Class 3 city),
Rs. 3500/ – (Class 2 city) and
Rs. 4500/- (for Metro-politan cities only)
*Minimum 3 star level.
If any two Audit team members wish to have shared

accommodation the institution may make its own decision and provide accommodation accordingly.
By Train

By 2AC / CC for distances less than 600 kms or where air travel is not available.
Payment for Incidentals of Rs. 500/- per travel.    
(First Class Executive Coach, etc., travel must be avoided).      
By Bus

Payment for Incidentals of Rs. 500/- per travel.
Payment for Incidentals of Rs. 500/- per travel.    

Local Travel:
From residence to airport  / station and vice-versa, as well as from airport / station to Hotel /institution and vice – versa, by taxi, (preferably Ola/Uber) on actual basis, must be paid by the Institution on production of receipt / voucher claim. Alternatively, the institution may make arrangements to pick and drop the team members from the airport /station /bus stand.