REQUEST FOR EXPRESSION OF INTEREST
CONSULTANCY SERVICES FOR AN EXTERNAL AUDIT FIRM FOR GHANA GAS
CONTRACT #: GNGC/PS/0027/18
The Ghana National Gas Company (GNGC) intends to use part of its 2018 budgetary allocation to secure the services of an External Audit firm to conduct financial audit for Ghana Gas. Ghana Gas has the responsibility to build, own and operate the infrastructure required for gathering, processing and delivering natural gas resources in a safe, cost effective, responsible and reliable manner to customers.
The objectives of this assignment as set out below include, but not limited to, the following:
The Terms of Reference addresses audit requirement for the audit of financial statements of GNGC covering Financial Years 2016and 2017and thereafter, the period 1stJanuary – 31stDecember of each year.
The certified financial statements for the financial year will be made available no later than 31stMarch following the end of the financial year.
The audits should be carried out in accordance with International Standards of Auditing (ISA) and International Financial Reporting Standard (IFRS). In complying with International Standards on auditing, the auditor is expected to pay particular attention to the following matters:
The Auditor shall design and perform further audit procedures whose nature, timing and extent are based on and are responsive to the assessed risks of material misstatement at the assertion level as required by Internal Standard on Auditing 330: The Auditor’s Response to Assessed Risks.
Sufficient audit evidence should be gathered to substantiate in all material respects the accuracy of the Financial Statement.
The audit report should state if the audit was not in conformity with any of the above standards and National Laws and Regulations have been complied with, and that the Financial and Accounting procedures approved for the Company (Human Resource Manual, Financial Procedures Manual, etc.) were followed and used.
Interested External and Internal Firms shall provide the following documents as part of their EOI submissions:
Interested external audit firms may obtain further information from the Head of Procurement, on Tel. No. 00-233-302-744207between 8:30am and 4:30am (Monday – Friday) or by email: Freda.firstname.lastname@example.org Thursday, 31stMay 2018.
Expressions of Interest and supplementary documents (one original and four copies), all in English, should be placed in a sealed envelop clearly marked “PROVISION OF EXTERNAL AUDIT SERVICES FOR GHANA GAS” and addressed to (I) below:
(I) THE CHIEF EXECUTIVE OFFICER
GHANA NATIONAL GAS COMPANY
TEL. NO.: 00-233-302-744211 / 12
Consulting firms will be selected in accordance with the procedures set out in the Public Procurement Act, Act 663 (2003), and as amended in Act 914 (2016) of the Republic of Ghana.
The submissions shall ot be more than twenty (20) pages to include cover letter and supplementary documents. All documents shall be delivered to the Procurement Department located at the No. 10 Drake Avenue, Airport Residential Area, Airport, Accraon or before 11am on Thursday, 21stJune 2018.
Late submissions shall not be accepted.
Only short-listed External Audit firms shall be issued with request for proposals (RFP) documents.