Capital Markets Authority (CMA) Request for Expression of Interest
External Audit Services
Tender No. CMA/EOI/04/2012- 2013
The Capital Markets Authority (CMA) is a statutory agency charged with the prime responsibility of regulating the development of orderly, fair and efficient capital markets in Kenya.
The Capital Markets Authority (CMA) is a statutory agency charged with the prime responsibility of regulating the development of orderly, fair and efficient capital markets in Kenya.
It licenses and
supervises market intermediaries, approves primary and secondary issues
and transactions, conducts on-site and off-site market surveillance,
enforces compliance, and promotes market integrity and investor
confidence.
Following the authorization of the Auditor General pursuant to section 39 of the Public Audit Act, CMA intends to procure the services of a qualified and experienced professional external auditor to offer external audit services for the financial years ending 30 June 2013 and 30 June 2014.
The objective of the audit is to:
a) Enable the auditor to
express a professional opinion on the financial statements of the
Authority on whether the statements present fairly the financial
position at the end of each financial year and were prepared in
accordance with accounting principles, standards and all relevant laws
and regulations.
a) To confirm that the
books of account provide the basis for preparation of the financial
statements and that they are established to reflect the financial
statements and that the Authority maintains adequate internal controls
and supporting documentation for its transactions.
The Authority invites eligible audit firms to forward their Expression of Interest (EOI) to provide the required services.
Interested firms must
provide detailed information indicating their qualification to provide
the services, with clear proof of similar assignments provided and
confirmation of available qualified human capital to handle the
assignment.
The audit firm:
The audit firm must be registered and its partners must have practicing
certificates issued by the Institute of Certified Public Accountants of
Kenya (ICPAK).
The firm should have
relevant experience in auditing of organizations and state corporations
comparable to CMA, and have at least three (3) full time partners, not
less than 30 (thirty) employees and been in existence for not less than
10 (ten) years.
The assignment team should comprise of the following:
a) An Engagement Partner with over 12(twelve) years auditing experience.
b) A Manager with over 8 (eight) years’ experience in Auditing
c) A Team Leader with at least 6 (six) years of experience in Auditing; and
d) Sufficient Audit assistants with adequate experience & professional qualifications
The above in (a) (b) and (c) will have demonstrable experience in audit of financial services or relevant industry.
Mandatory requirements:
The following documents must be provided by interested applicants.
a) Certificate of incorporation / registration of business
b) Copies of professional certification and current practicing certificates issued by ICPAK
c) Detailed
profile of at least three organizations where similar assignments have
been undertaken, in the last 5 years with the contacts for the key
persons in the selected organizations.
d) Copies of the PIN and VAT certificates
e) Copy of the current Tax Compliance Certificate from KRA.
Shortlisted firms will be
issued with a Request for Proposal (RFP) document with specific terms
of reference. A short list of four (4) firms after RFP evaluation will
be submitted to The Auditor General for final appointment.
Interested firms are
welcome to obtain further information from the address below during
office hours, 8.00 am to 5.00 pm from Monday to Friday.
The EOI documents (1
original and 3 copies) must be deposited in the Tender Box located on
3rd Floor, Embankment Plaza, Longonot Road Upper Hill Nairobi, on or
before Friday 8th February 2013 at 11.00AM in a sealed envelope clearly
marked Ref No. CMA/EOI/04/2012-2013.
The bids will be opened
on Friday 8th February 2013 at 11.15 AM at CMA’s conference room 4th
Floor Embankment Plaza, Longonot Road Upper Hill.
The EOIs will be opened in the presence of representatives or their agents who may choose to witness.
The Chief Executive
Capital Markets Authority
3rd Floor Embankment Plaza, Longonot Road Upper Hill
P. O. Box 74800-00100
Capital Markets Authority
3rd Floor Embankment Plaza, Longonot Road Upper Hill
P. O. Box 74800-00100
Nairobi, Kenya
Tel:+254-20-2264258/900
Fax:+254- 20-342825
www.cma.or.ke
www.cma.or.ke
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