Request for Proposal: Provision of External Audit Services for a Period of Three (3) Years 120 views

ESTIMATED PROJECT SIZE: Large Tender

ESTIMATED PROJECT VALUE: Approximately N$2 million – N$6 million over three years (estimate only).

KEY ITEMS / WORKS / SERVICES REQUIRED:

• Provide statutory external audit services to NamRA for three consecutive financial years.
• Prepare audit planning memoranda, audit reports and management letters.
• Provide tax and compliance-related advisory on an ad hoc basis within the audit engagement.

IMPORTANT QUANTITIES OR SCOPE:

• Audit financial years ending March 2026, March 2027 and March 2028.
• Conduct audits in accordance with International Standards on Auditing (ISA).
• Submit detailed audit methodology, work plan, IFRS-compliant financial statement sample, interim audit proposal and experienced audit team.

MANDATORY REQUIREMENTS:

• Valid PAAB registration (including proof of approved training firm) or qualifying Namibian business registration.
• Valid Good Standing Tax Certificate, Social Security Good Standing Certificate and completed Company Shareholding Information Form.
• Minimum three client references for similar external audit assignments completed within the last five years, involving organisations of similar size or entities with revenue of at least N$1.2 billion or assets exceeding N$1 billion.

TECHNICAL OR EXPERIENCE REQUIREMENTS:

• Detailed audit methodology, risk-based approach, work plan and timetable.
• Engagement Partner and Engagement Manager must be Chartered Accountants/Registered Auditors with PAAB membership and the required experience. Minimum technical score of 80/100 required to proceed to financial evaluation.

BIDDER SUITABILITY: Suitable only for established audit firms with strong public sector or state-owned enterprise audit experience, PAAB accreditation and experienced Chartered Accountant-led audit teams.

AI QUICK ASSESSMENT: Highly specialised and competitive consultancy opportunity. Strong technical submissions, high-value audit references and an experienced audit team will be critical. Price is evaluated only after achieving the minimum technical score, making quality and experience the deciding factors.

Disclaimer: The information above, including estimated project value and requirements, is AI-generated for guidance purposes only and may contain errors or omissions. Unified Tender Solutions will not be held liable for any inaccuracies. Bidders are advised to inspect the official bidding documents before making any decision.