REQUEST FOR PARTICIPATION IN THE AUDITOR SELECTING PROCEDURE (hereinafter referred to as the Request for Participation)
Ural Oil and Gas LLP (hereinafter referred to as the Client / Company) invites you to participate in the auditor selecting procedure to provide financial statements audit services, a detailed description of which is given below:
Information provided by the Client and approved by the Auditor Selection Commission f Ural Oil and Gas LLP (hereinafter referred to as the Client Commission):
- Audit of the Client's Separate Financial Statements prepared in accordance with IFRS as of and for the reporting years ending December 31, 2022 and 2023;
- Letter of recommendation to the Client's management about significant shortcomings in the internal control system, as well as about all other shortcomings and recommendations for the audited period.
The list of related services includes assessment of:
|
Year |
2022 2023 |
|
w/o VAT |
35 781 750 35 781 750 |
|
including VAT |
40 075 560 40 075 560 |
– Leading Engineer of the Department of Marketing, Procurement and Logistics – Karabaev Kairat, mob. tel. 8 777 075 86 18, 8 701 550 85 41 address: KKarabayev@UOG.KZ
1) participants must provide confirmation of participation or non-participation in the Selection Procedure within 20 calendar days from the date of publication of the announcement of the selection procedure on the Client's website in the procurement section;
2) after the Participants confirm their participation in the selection procedure, the participants must provide signed Confidentiality Agreements;
3) participants shall submit official bids within 30 calendar days from the date of sending information by participants about participation in the Client's selection procedure;
When providing services, the auditor must be guided by the Law of the Republic of Kazakhstan "On Audit Activities".
Audit services for financial statements for the periods 2022-2023, provided in accordance with international auditing standards, include:
1) audit of annual financial statements for the periods 2022 and 2023. of the Client in order to express an independent opinion on the reliability of the preparation of financial statements in accordance with IFRS in all material aspects;
2) provision of related services listed below as part of the audit, the cost of which is included in the total cost of Services with the provision of appropriate recommendations on them in letters to the Client's management;
- expressing an opinion on the methodology and results of the assessment of fixed assets in accordance with the accounting policy of the Client;
- calculating depreciation of fixed assets and intangible assets, with the provision of a report;
- presentation of the results of the audit of the Client's financial year for the periods 2022 and 2023 for the management and shareholders of the Client upon request;
- provision of proposals for improving disclosures in the notes to the Client's financial statements;
- conducting a tax review of the financial year for the periods 2022 and 2023 without providing a tax report. Conducting a tax review shall affect accounting and tax procedures (especially those issues on which the possibility of tax risks is most significant);
- conducting consultations on accounting and tax accounting during the audit without providing consultation reports.
- assessment of accounting and financial statements (including assessment of inventory accounting procedures taking into account the specifics of the Client's activities, assessment and revaluation of assets and liabilities, methods and procedures for inventory of assets and liabilities, including reconciliation of accounts receivable and accounts payable with suppliers of goods, works/services);
- assessment of the adequacy of the Client's internal control and risk management system on issues related to accounting and financial reporting;
- assessment of the state of software and hardware equipment and reliability of automated information processing systems;
- assessment of compliance of the Client's activities with the requirements of the legislation of the Republic of Kazakhstan in the field of accounting and financial reporting;
3) technical requirements:
- availability of at least 10 (ten) specialists with 3 (three) years of work experience and having professional qualifications of Association of Chartered Certified Accountants (hereinafter - ACCA):
- availability of at least 5 (five) specialists with an auditor's qualification certificate and with 3 (three) years of work experience:
- availability of 5 (five) audit partners who have ACCA or CA (Chartered Accountant) or Certified Public Accountant (hereinafter referred to as CPA) certificate and 3 (three) years of work experience:
- availability at the head of the audit organization of an auditor's qualification certificate, full ACCA or CPA professional qualification, or other similar international qualifications and the head's membership in a professional audit organization and with 3 (three) years of work experience:
- availability of a tax manager (partner) - a member of the Chamber of Tax Consultants and having 3 (three) years of work experience:
- availability of at least 3 (three) specialists with Chartered Financial Analyst International Certificate (hereinafter – CFA), or other similar international qualifications and with 3 (three) years of work experience:
- availability of work experience corresponding to the subject of services procured over the past ten years.
4) special requirement
-the auditor must be a member of a global network that has an office in the British Virgin Islands, where the Client's parent company is registered, in order to be involved in the audit on specific issues related to transactions with the parent company and to ensure the audit of the consolidated financial statements of the Client's parent company. It is required to confirm the experience of involving specialists of the British Virgin Islands in the subject of services procured.
List of documents:
