This tender seeks proposals for the compilation of annual financial statements and a compliant asset register for the financial years 2025/26 to 2027/28, ensuring adherence to GRAP, CIDMS, and MSCOA standards.
The Umsobomvu Local Municipality is inviting proposals for the preparation of annual financial statements and the development of an asset register that complies with the Generally Recognized Accounting Practice (GRAP), the Capital Investment Decision-Making System (CIDMS), and the Municipal Standard Chart of Accounts (MSCOA) for the financial years 2025/26, 2026/27, and 2027/28. This project aims to enhance financial transparency and accountability within the municipality, ensuring that all financial reporting meets statutory requirements and best practices.
The successful bidder will be responsible for compiling accurate financial statements, conducting necessary audits, and maintaining an up-to-date asset register that reflects the municipality's financial position and asset management practices. This includes a thorough review of existing financial records, collaboration with municipal staff, and adherence to all relevant legislative frameworks. The project duration spans three financial years, providing a stable opportunity for firms specializing in municipal financial services to contribute to local governance and community development.
This tender is suitable for accounting firms, financial consultants, and asset management companies with experience in municipal finance and compliance with GRAP, CIDMS, and MSCOA standards. Businesses with a proven track record in public sector financial reporting and asset management are encouraged to apply.