Seeking a service provider for the compilation of GRAP compliant annual financial statements for a three-year period. Key requirements include audit support, quality assurance, and adherence to statutory reporting standards.
The Ngaka Modiri Molema District Municipality is inviting bids for the appointment of a service provider to prepare GRAP compliant annual financial statements for the financial years ending June 30, 2026, 2027, and 2028. The successful bidder will be responsible for ensuring that the financial statements accurately reflect the municipality's financial position and comply with the Municipal Finance Management Act (MFMA) and Generally Recognized Accounting Practice (GRAP) standards. This includes conducting quarterly reviews, providing audit support during engagements with the Auditor General of South Africa (AGSA), and maintaining a register for requests for information (RFIs) and audit findings. The service provider will also be expected to transfer skills to municipal staff and offer training on financial processes and software used for financial statement preparation.
The contract aims to enhance the municipality's financial reporting capabilities, improve audit outcomes, and ensure compliance with legislative requirements. By engaging a qualified service provider, the municipality seeks to achieve accurate financial reporting, timely submission of statements, and a reduction in audit hours required by AGSA. This tender is ideal for firms with proven experience in municipal financial reporting and a strong understanding of GRAP standards.
This tender is suitable for accounting firms, financial consultants, and service providers with expertise in GRAP compliance and municipal financial reporting. Businesses should have a track record of successful engagements in similar projects and the capacity to provide training and support to municipal staff.