Tender Title: Financial Audit Services - Review of Financial Statements

Reference Number: 263e7a363

Issuing Authority: Ministry of Information and Broadcasting

The Financial Audit Services tender aims to procure comprehensive auditing services specifically focusing on the review of financial statements, assessment of the financial reporting framework, and preparation of audit reports. The Ministry of Information and Broadcasting is dedicated to enhancing the transparency and accountability of its financial operations, making this an essential service requirement for ensuring effective governance.

Scope of Work and Objectives

The primary objective of this tender is to engage a qualified audit firm to conduct a thorough review of financial statements and reporting frameworks. The selected firm will be responsible for:

• Analyzing financial records to ensure accuracy and compliance with accounting standards.
• Preparing a detailed audit report outlining findings, discrepancies, and recommendations.
• Ensuring adherence to relevant financial regulations and policies.

Eligibility Criteria

To qualify for this tender, bidders must meet specific eligibility requirements, including:

• Registration as a Chartered Accountant (CA) firm.
• Proven expertise in financial auditing services, with demonstrated experience in similar projects.
• Compliance with legal and regulatory requirements governing audit practices.

Technical Requirements

Bidders are required to possess the necessary technical certifications and competencies, which include:

• Valid registration with the Institute of Chartered Accountants.
• Evidence of previous successful completion of financial audits for government or large private sector entities.
• Availability of qualified professionals who hold relevant certifications in auditing and finance.

Financial Requirements

Bidders must furnish the following financial documents during submission:

• Recent financial statements, demonstrating sustainability and sound financial health.
• An assessment of the firm’s experience concerning similar tender bids, highlighting past performance and financial stability.

Document Submission Details

Interested bidders should ensure that their proposals include:

• Technical proposal detailing the methodology and approach towards fulfilling the tender requirements.
• Financial proposal, including cost estimates for the auditing services.
  Documents must be submitted digitally through the specified portal by the required deadline.

Special Provisions

This tender includes specific provisions aimed at encouraging participation from Micro, Small, and Medium Enterprises (MSEs) and startups. Favorable terms may be offered to enhance their involvement in this tender process, fostering diversity and inclusivity among service providers.

Evaluation Process

The evaluation of bids will involve a structured approach assessing both technical and financial proposals. Key considerations will include:

• The proposed methodology for conducting the audits.
• Cost-effectiveness and competitiveness of the financial proposal.
• Past performance and qualifications of the audit team.

Delivery Locations

The services will be rendered primarily at the Ministry's headquarters as well as any designated locations as required during the audit process.

Contact Information

Additional information may be obtained by contacting the Ministry of Information and Broadcasting. Please refer to the official website for further details on how to receive clarifications regarding this tender.

In summary, this tender for Financial Audit Services is a significant opportunity for qualified audit firms to contribute to government efficiency and accountability through their expertise. Interested parties are encouraged to prepare comprehensive proposals that align with the objectives of the Ministry of Information and Broadcasting.