Seeking a consultant to implement updated GRAP 104 reporting standards for financial instruments, focusing on compliance and methodologies for financial asset evaluation. The project duration is three months.
The Gauteng Enterprise Propeller (GEP) is inviting proposals for consulting services to assist in the implementation of the updated GRAP 104 reporting standards, effective from April 1, 2025. The consultant will be responsible for reviewing and ensuring compliance with the new financial reporting requirements, specifically focusing on financial instruments such as loans to Micro, Small, and Medium Enterprises (MSMEs) and partnership financial instruments. Key objectives include developing a credit loss model, establishing consistent methodologies for financial measurement, and preparing necessary disclosures for year-end financial statements.
The scope of work encompasses a comprehensive review of GEP's financial instruments, the development of a compliance tool for GRAP 104, and the customization of disclosures required by the updated standards. The consultant will work closely with GEP's Chief Financial Officer and other stakeholders to ensure that all financial instruments are accurately measured and reported, thereby enhancing the organization’s financial integrity and transparency. This project not only aims to meet regulatory requirements but also to strengthen GEP's commitment to supporting the growth and sustainability of SMMEs in Gauteng.
This tender is suitable for accounting firms, financial consultants, and organizations with expertise in public sector financial reporting and compliance, particularly those experienced with GRAP standards and financial instruments.