JSC "KazMunayGas-service NS" invites you to participate in the procedure for selecting an audit organization for the provision of Audit Services, a detailed description of which is given below. Tender applications must be submitted by January 25, 2024.
Description of the volume of audit and related services purchased (reporting periods, volume and nature of audit procedures):
2.1. audit services provided in accordance with international audit standards for the period 2023 - 2025 provide for auditing of the customer's financial statements prepared in accordance with International Financial Reporting Standards (hereinafter referred to as IFRS), as well as in accordance with the list, forms approved by the regulatory act of the authorized state body of the Republic of Kazakhstan in accordance with the law of the Republic of Kazakhstan "on accounting and financial reporting", namely:
Conduct an audit review by submitting an audit review of the customer's financial statements (hereinafter referred to as IFRS reporting) for the six months ended June 2024 and 30, 2025;
Confirmation of the customer's financial statements data in the FC (hereinafter referred to as FC reporting) system for the six months ended June 30, 2024 and 2025 and for the year ended December 31, 2023, 2024 and 2025;
Аudit of IFRS of the customer's reporting for 2023, 2024 and 2025;
2.2 related services with the provision of relevant recommendations on them in letters to management:
- provide recommendations on improving the process of preparing financial statements, as well as reducing the time for preparing financial statements;
- еxpress an opinion on the methodology and results of the assessment of fixed assets in accordance with the customer's accounting policy (if it is carried out) ;
- presentation of the results of the audit to the members of the Supervisory Board/Audit Committee and the customer's management (at the request of any of the specified bodies);
- conducting a tax review for 2023, 2024, 2025 in order to identify tax risks, including the most significant ones, without submitting an audit report;
- conducting consultations on accounting and tax accounting without submitting relevant reports;
- assessment of accounting and preparation of financial statements (including methods and procedures for conducting an inventory of assets and liabilities, including an assessment of the procedure for accounting for funds, taking into account the specifics of the customer's activities, assessment and revaluation of assets and liabilities, reconciliation of receivables and payables with suppliers of goods, works/services);
- assessment of the adequacy of the customer's internal control and risk management system on issues related to accounting and preparation of financial statements;
- assessment of the state of software and technical equipment and reliability of automated information processing systems;
- assessment of compliance of the customer's activities with the requirements of the legislation of the Republic of Kazakhstan in the field of Accounting and financial reporting;
-providing information on violations of the legislation of the Republic of Kazakhstan identified during the audit in the use of budget funds, loans, grants, state assets, State-guaranteed loans in accordance with paragraph 6 of Article 21 of the law of the Republic of Kazakhstan" on audit activities".
- the presence of an auditor when the customer conducts an inventory of funds, fixed assets and intangible assets to confirm their correct reflection in the financial statements (if necessary, in agreement with the customer);
- if necessary, visit the location of the customer's affiliates to conduct analytical audit procedures necessary for the release of individual and/or consolidated financial statements.
The number of audit reports to be submitted is indicated in Appendix 1 to the request for participation.
The deadlines for issuing audit reports are specified in Annex 2 to the request for participation.
The amounts allocated for the purchase of services of the audit organization are indicated in Annex 3.
The list and contact details of the customer's responsible officials, to whom the participants have the right to meet in order to obtain additional information for the preparation of an official offer for the provision of services, are specified in Annex 4.
General information about the customer, in respect of which the procedure for selecting an audit organization for the provision of Audit Services is carried out, is indicated in Annex 5.
The requirements for the official tender offer for the provision of audit services on the basis of a standard document are set out in Annex 6 to the request for participation.
