This tender seeks qualified service providers to implement an Expected Credit Loss (ECL) model per revised GRAP 104 standards, conduct probity audits, and provide risk assurance services for a 36-month period.
The Johannesburg Development Agency is inviting proposals from experienced service providers for the implementation of an Expected Credit Loss (ECL) model in compliance with the revised GRAP 104 standards. The scope includes developing a financial instruments register, assessing impairment methodologies, and ensuring compliance with financial reporting requirements. Additionally, the selected provider will conduct probity audits to ensure transparency and integrity in procurement processes, alongside offering comprehensive risk assurance services. This engagement aims to enhance financial governance and mitigate risks associated with credit management and procurement practices.
Service providers must demonstrate expertise in financial accounting, risk management, and auditing, with a team that includes an actuary, business analyst, and financial accountant. The successful bidder will not only implement the ECL model but also provide ongoing training to JDA staff to ensure sustainable knowledge transfer. This project is crucial for improving financial reporting accuracy and enhancing stakeholder confidence in the agency's procurement processes.
This tender is suitable for firms specializing in financial consulting, risk management, and auditing services, particularly those with experience in public sector procurement and compliance with GRAP standards.