CONSULTING SERVICES “PROJECT ANNUAL FINANCIAL AUDIT”

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES– FIRMS SELECTION)

Kyrgyz Republic

ENHANCING RESILIENCE IN KYRGYZSTAN PROJECT (ERIK)

CONSULTING SERVICES “PROJECT ANNUAL FINANCIAL AUDIT”

Grant/Credit No. IDA 62380/ IDA-D3180

Contract No. KG-CS/LCS-01/A

The Kyrgyz Republic has received grant/credit IDA 62380/ IDA-D3180 from the International Development Association toward implementation of the ERIK project for implementation of the ERIK project, and intends to apply part of this credit/grant for consultant services on Project Audit.

The objective of the financial audit is to enable the auditor to express a professional opinion on the financial position of the project by the end of annual fiscal year, and the income and expenditure for the accounting periods ending by those dates. The accounting system forms a basis for the preparation of Project Financial Statements (PFS) and was established to reflect the financial transactions in respect of the project.

Specifically, the audit will be conducted in accordance with the International Standards on Auditing (ISA), published by the International Accounting Standards Board (IASB) of the International Federation of Accountants (IFAC). Those standards require that the auditor plan and performs the audit in order to obtain reasonable assurance that the financial statements are free from material misstatement. An audit involves examining, on the basis of testing, evidence supporting amounts and disclosures in the financial statements. Audit also includes assessment of the applied accounting principles used and significant estimates made by management, as well as evaluation of the overall presentation of the financial statements.

The audit shall be conducted from July 1, 2018 till January 31, 2024 (also covering the grace period)

The Project Implementation Unit (PIU) under the Ministry of Emergency Situations of the Kyrgyz Republic (MoES KR) now invites eligible consulting firms (“Consultants”) to express their interest in providing the Services. The interested Consultants should provide information demonstrating their qualifications and relevant experience required to perform the assignment.

Short list criteria is as follows:

  1. Overall experience of the firm (5 years) in the field of assignment – 60 points
  2. At least two similar assignments completed during last 3 years – 40 points
  3. Should be in the list of World Bank – ECA – List of Eligible Audit Firms (mandatory)

 

The attention of interested Consultants shall be drawn to the World Bank’s Procurement Regulations for IPF Borrowers, setting forth the World Bank’s policy on conflict of interest and eligibility.

Consultants may submit their EOIs as an individual firm or in association in the form of a joint venture or a subconsultancy. All members of the joint venture shall be jointly responsible for the entire assignment. However, the experience of sub-consultant will not be considered for short list.

A Consultant will be selected in accordance with the Least Cost Selection (LCS) method set out in the World Bank Procurement Regulations for IPF Borrowers (2016).

Interested consultants may obtain further information at the address below during the office hours (9 a.m. -5 p.m.).

Expressions of interest must be delivered in a written form or e-version (in .pdf format с with appropriate signatures) till  February 22, 2019, to the address below.

1 Kerimbekov str., Bishkek, Kyrgyz Republic.

Contact person: Mrs. Chinara Satylkanova, PIU Senior Procurement Specialist.

Tel.: (+996) 312 314411;

E-mail: erik.mes.kg@gmail.com

 

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