The Eastern Cape Rural Development Agency seeks a qualified service provider to assist with the implementation of the revised GRAP 104 for the 2025/26 financial year. Key requirements include technical expertise in financial instruments and compliance documentation.
The Eastern Cape Rural Development Agency (ECRDA) is inviting proposals from experienced service providers to facilitate the implementation of the revised GRAP 104 Financial Instruments for the 2025/26 financial year. This project is crucial for ensuring compliance with the new accounting standards set by the Accounting Standards Board, which will take effect from April 1, 2025. The selected provider will be responsible for developing a comprehensive financial instruments register, assisting in the classification and measurement of financial instruments, and ensuring that all accounting treatments and disclosures meet the revised GRAP 104 requirements.
The scope of work includes conducting a financial instrument risk assessment, developing impairment calculation models, and providing recommendations on current credit management policies. Additionally, the service provider will be expected to deliver training to ECRDA's finance division to ensure a thorough understanding of the new standards. This engagement is anticipated to last for five months, commencing shortly after the award of the contract, and will require regular reporting on progress to the agency's working group.
This tender is suitable for accounting firms, financial consultants, and professional service providers with expertise in GRAP standards and financial instruments. Businesses with a proven track record in public sector compliance and training will find this opportunity particularly relevant.