This tender seeks qualified service providers for the preparation of GRAP compliant annual financial statements for Khai-Ma Local Municipality over a three-year period. Key requirements include experience in municipal financial reporting and adherence to GRAP standards.
The Khai-Ma Local Municipality invites tenders for the preparation of GRAP compliant annual financial statements for the financial years 2025/26, 2026/27, and 2027/28. The successful service provider will be responsible for ensuring that the financial statements are accurate, credible, and free from material misstatements, thereby facilitating a smooth audit process by the Auditor General of South Africa. The contract duration is three years, commencing from the signing of the service level agreement.
Key responsibilities include reviewing financial records, preparing reconciliations, and ensuring compliance with the Municipal Finance Management Act (MFMA) and applicable GRAP standards. The service provider must also assist in addressing any audit findings from previous years, provide relevant notes to the financial statements, and ensure skills transfer to municipal officials. This project is crucial for enhancing the municipality's financial reporting capabilities and improving audit outcomes.
This tender is suitable for accounting firms and financial service providers with expertise in GRAP compliance and experience in municipal financial reporting. Businesses should have a proven track record of preparing annual financial statements in accordance with South African regulations.