Centlec SOC Ltd seeks qualified firms to provide technical assistance in implementing GRAP 104 for the 2025/26 financial year, including a review of Annual Financial Statements. Bidders must have SAICA registration and relevant experience.
Centlec SOC Ltd is inviting tenders for the provision of services related to the implementation of the revised GRAP 104 Financial Instruments for the 2025/26 financial year. This includes a comprehensive review of the Annual Financial Statements (AFS) to ensure compliance with the updated accounting standards. Bidders must demonstrate prior experience in reviewing AFS for municipal entities and must be registered with the South African Institute of Chartered Accountants (SAICA). The scope of work encompasses developing a financial instruments register, assessing impairment calculations, and preparing GRAP-compliant disclosure templates.
The successful bidder will assist in documenting methodologies for the classification and measurement of financial instruments, ensuring that all relevant line items are compliant with GRAP 104. Additionally, the service provider will be responsible for preparing supporting documentation for audit purposes and providing technical assistance to Centlec management regarding any audit queries raised by the Auditor-General of South Africa. This project is critical for ensuring that Centlec meets its financial reporting obligations and maintains transparency and accountability in its financial practices.
This tender is suitable for accounting firms and consultants with expertise in municipal finance, particularly those experienced in GRAP compliance and financial statement reviews. Businesses must be registered with SAICA and have a proven track record in similar projects.