UK-Qualified Auditor / Accountant Required – Historical Audit of Dissolved UK Subsidiary for Indian ODI APR

## UK-Qualified Auditor / Accountant Required – Historical Audit of Dissolved UK Subsidiary for Indian ODI APR We are looking for a **UK-qualified and appropriately authorised auditor/accounting professional** to assist with the preparation and audit of historical financial statements of a UK private limited company that was a wholly owned subsidiary of an Indian company. ### Background The UK company was established as an overseas subsidiary of an Indian company under the RBI Overseas Investment (ODI) framework. The company was **non-operational**, with no/limited business activity and no revenue during the relevant period. The company was subsequently legally dissolved in the UK. The Indian parent now needs to complete its **Annual Performance Report (APR)** under India's RBI Overseas Investment regulations. The AD bank has advised that audited financial statements of the foreign entity are required for submission of the APR. The company was **exempt from statutory audit under applicable UK company law**, and therefore no statutory auditor was appointed at the time. ### Scope of work We require a professional who can: 1. Review the existing financial statements/accounts and underlying supporting documentation. 2. Review the company's bank statements and reconcile all material transactions. 3. Review the company's assets, liabilities, share capital and transactions with the Indian parent. 4. Review the repatriation/return of funds to the Indian parent. 5. Review Companies House filings and dissolution documentation. 6. Determine the appropriate accounting basis and reporting framework for the historical financial statements. 7. Conduct the required audit and issue the appropriate **audited financial statements and audit report**. 8. Advise on any additional information or documentation required to complete the audit. ### Important qualification requirement Applicants must clearly confirm: * Their **UK audit/accounting qualification and professional registration**; * Whether they are authorised to conduct/sign an audit of a UK private limited company; * The applicable professional body/regulatory authority under which they are authorised; * Whether they can undertake an audit of a company that has subsequently been dissolved; * Whether they can issue a historical/special-purpose audit report where the company was originally audit-exempt; and * Whether the proposed report would be appropriate for submission to an Indian AD bank for an RBI ODI APR. **Please do not bid if you are only an Indian Chartered Accountant without the relevant UK audit authorisation.** ### Documents available We have the underlying documentation required for the engagement, including: * Bank statements; * Existing financial statements/accounts; * Companies House records; * Dissolution/closure documentation; * Details of the Indian parent's investment; * Repatriation documentation; * Supporting transaction records; and * Other relevant corporate and financial documents. ### Deliverable The principal deliverable would be: **Audited financial statements of the UK foreign entity and an appropriate audit report/certificate that can be submitted to the Indian AD bank in connection with the RBI ODI APR.** The professional should identify the appropriate form of report before commencing the engagement. ### Please include in your proposal 1. Your UK professional qualification and audit registration. 2. Your professional body and registration details. 3. Whether you have previously audited UK private limited companies. 4. Whether you have dealt with companies that were subsequently dissolved. 5. Whether you have experience with cross-border/foreign subsidiary audits or RBI/FEMA/ODI reporting. 6. Your proposed approach to this engagement. 7. Your estimated fee. 8. Estimated turnaround time.

Project ID: 40656651