Peer-review of bidders

Peer Review of Assignments awarded

As per the decision taken by the Professional Development Committee of the ICAI, at its 190th meeting held on 16th April, 2010, if in the opinion of Professional Development Committee, there is a huge (abnormal) difference between the lowest quote received for a tender (on which the tender is ultimately allotted) and the next lowest quote, then peer review of the said assignment and/or concerned Chartered Accountants/ firms thereof can be ordered..