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in the Kyrgyz Republic

Announcements

CONSULTING SERVICES “FINANCIAL STATEMENTS AUDIT PROJECT 2024-2029”

Published: 29 January 2025 г.

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES– FIRMS SELECTION)

KYRGYZ REPUBLIC RESILIENT LANDSCAPE RESTORATION PROJECT (RESILAND CA+ PROGRAM)

Contract No. KG/CS/RESILAND/PIU/LCS-01

The Kyrgyz Republic received a loan from the International Development Association, grants from PROGREEN and the Korea-World Bank Partnership Fund (KWPF) for the implementation of the Sustainable Landscape Restoration in the Kyrgyz Republic project, which is part of the World Bank RESILAND CA+ Program, which aims to increase the resilience of regional landscapes in Central Asia and intends to use part of this loan/grant for consulting services for the audit of the financial statements of the Project.

The objective of the financial audit is to enable the auditor to express a professional opinion on the financial position of the project by the end of annual fiscal year, and the income and expenditure for the accounting periods ending by those dates. The accounting system forms a basis for the preparation of Project Financial Statements (PFS) and was established to reflect the financial transactions with respect to the project.

Specifically, the audit will be conducted in accordance with the International Standards on Auditing (ISA), published by the International Accounting Standards Board (IASB) of the International Federation of Accountants (IFAC). Those standards require that the auditor plan and performs the audit in order to obtain reasonable assurance that the financial statements are free from material misstatement. An audit involves examining, on the basis of testing, evidence supporting amounts and disclosures in the financial statements. Audit also includes an assessment of the applied accounting principles used and significant estimates made by management, as well as an evaluation of the overall presentation of the financial statements.

The objective of the audit of the project financial statements is to enable the auditor to express a professional opinion on the project’s financial position:

  • As of the period from September 1, 2024, to December 31, 2025, at the end of December 31, 2026, December 31, 2027, December 31, 2028, June 29, 2029 including the grace period of October 29, 2029, income and expenses for the reporting period ending on this date.

The Projects Implementation Unit (PIU) under the Ministry of Emergency Situations of the Kyrgyz Republic (MoES KR) now invites eligible consulting firms (“Consultants”) to express their interest in providing the Services. The interested Consultants should provide information demonstrating their qualifications and relevant experience required to perform the assignment.

Short list criteria are as follows:

  • Experience in auditing financial statements for at least seven years;
  • The firm has completed at least two (2) similar assignments over the last three (3) years;
  • Essential requirement: The firm must be on the World Bank's list of eligible audit firms. 

The attention of interested Consultants shall be drawn to the World Bank’s Procurement Regulations for IPF Borrowers, setting forth the World Bank’s policy on conflict of interest and eligibility. 

Consultants may submit their EOIs as an individual firm or in association in the form of a joint venture or a subconsultancy. All members of the joint venture shall be jointly responsible for the entire assignment. However, the experience of sub-consultant will not be considered for short list.

A Consultant will be selected in accordance with the Least Cost Selection (LCS) method set out in the World Bank Procurement Regulations for IPF Borrowers (2016).

Terms of reference

Interested consultants may obtain further information at the address below during the office hours (9 a.m. – 5 p.m.).

Expressions of interest must be delivered in a written form or e-version in English or Russian (in .pdf format with appropriate signatures and in .word format) by Feb. 11, 2025, to the address below.

101/1 Manas Ave., 720033, Bishkek, Kyrgyz Republic.

Contact person: Mrs. Nargiza Iskender, PIU Senior Procurement Specialist.

Tel.: (+996) 312 323865

Email: tender.resiland@gmail.com