Seeking a service provider to deliver technical assistance and advisory services for the transition to the GRAP 104 reporting framework, effective from April 1, 2025. This project aims to ensure compliance and enhance financial reporting practices.
The National Housing Finance Corporation Limited is inviting proposals from qualified service providers to offer technical assistance and advisory services for the implementation of the new GRAP 104 (Generally Recognised Accounting Practice 104 on Financial Instruments) reporting framework, which will take effect on April 1, 2025. The selected provider will play a crucial role in guiding the organization through the transition process, ensuring that all financial instruments are reported accurately and in compliance with the new standards.
The scope of work includes conducting a comprehensive assessment of current financial reporting practices, developing a detailed transition plan, and providing ongoing support and training to staff. The service provider will also be responsible for creating documentation and resources that facilitate understanding and implementation of the new framework. This project is vital for enhancing the financial integrity and transparency of the organization, ultimately benefiting stakeholders and the broader community.
By engaging in this tender, businesses will have the opportunity to contribute to a significant shift in financial reporting standards within the public sector. The successful provider will not only assist in compliance but also help improve the overall financial management capabilities of the National Housing Finance Corporation Limited.
This tender is suitable for consulting firms with expertise in financial reporting, accounting standards, and public sector compliance. Businesses that have experience in implementing GRAP standards or similar frameworks will find this opportunity particularly relevant.