Closing date

07 February 2023

Improving the financial reporting system of SUE "Rohi Ohani Tojikiston"

REQUEST FOR EXPRESSIONS OF INTEREST

Additional Financing for Public Financial Management Modernization Project II

Loan No./Credit No./ Grant No.: D-750TJ

Assignment Title: Improving the financial reporting system of SUE "Rohi Ohani Tojikiston" in accordance with the requirements of the International Financial Reporting Standards (IFRS)

Reference No. (as per Procurement Plan): AF/PFMMPII/CQS-6/2022

The Ministry of Finance of the Republic of Tajikistan has received Grant from the World Bank for implementation of the Additional Financing for Public Finance Management Modernization Project II, and intends to apply part of the proceeds toward payments under the consultancy contract for Improving the financial reporting system of SUE "Rohi Ohani Tojikiston" in accordance with the requirements of the International Financial Reporting Standards (IFRS).

The main objective of the assignment is to (i) assist the management of SUE “Rohi ohani Tojikiston”, taking into account subordinate enterprises (hereinafter referred to as the "Company" or "Group") in reforming the accounting and financial reporting system in accordance with IFRS requirements, in developing and implementing accounting policy and practices aimed at preparing the financial statements of the Group in accordance with IFRS requirements at the group level and (ii) providing support in the development of a plan of the transformation of group reporting for the period of 2020–2022 and maintain of the transformation of the financial statements of the group for the period of 2020–2022 taking into account the development of a methodology of the transformation of accounting in accordance with IFRS (financial statements should be prepared on December 31, 2022 for the first time with comparative information for 2021).

The Public Financial Management Modernization Project II intends to hire the consulting company on accounting/audit/advisory (hereinafter referred to as the "Consultant") specialized in advising on the issues of application of IFRS, accounting and auditing services, policies, development and introduction regarding accounting and financial reporting policies and strengthening the capacity on preparing and providing the reporting to the group in accordance with IFRS.

The accomplishment of assignment should approximately begin in March-April 2023 and be completed in November-December 2024.

The detailed Terms of Reference (TOR) for the assignment can be obtained at the address given below.

The Administrative and Procurement Support Team now invites eligible consulting firms (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. The consulting company (the “Consultant”) should have:

  • Experience and proven experience in accomplishment of works on IFRS reporting and auditing based on ISA for at least five years.
  • Experience in auditing the public companies and advising in the area related to the assignment.
  • Experience in the reorganization of accounting processes in the large organizations with a complex structure. The Consultant will have to work with at least one company similar to the Group or its largest economically significant subsidiary enterprise in terms of size and complexity of assignments, including redesign of processes (specify organization, prior experience).
  • The main employees of the Consultant who will be involved in the implementation of the terms of reference must have an internationally recognized qualification as a member of the International Federation of Accountants (i.e. ACCA, ACCA advanced diploma in Finance and Business Management, CPA, ICAEW) with at least 10 years of work experience and be available for this assignment and be in Dushanbe city to work in the sites for at least 7 weeks during the duration of the contract. The company must have experience in auditing and advising the companies.
  • The working language (written and oral) for all tasks listed in this assignment will be Russian.

The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.  

Consultants may associate with other firms to enhance their qualifications, but should indicate clearly whether the association is in the form of a joint venture and/or a sub-consultancy. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected.

A Consultant will be selected in accordance with the Framework Agreement arrangements described in the Procurement Regulations and to be specifically set out in the Request for Proposals.

Further information can be obtained at the address below during office hours 09:00 – 17:00.

Expressions of interest must be delivered in a written form to the address below (in person, or by mail, or by fax, or by e-mail) by February 07, 2023.

Attention Mr. Azam Karimov

Coordinator of Public Financial Management Modernization Project II

Ministry of Finance

Foteh Niezi street,

Dushanbe, Republic of Tajikistan

E-Mail: a.karimov@pfmmp.tj  

Cc:  k.bobro@pfmmp.tj;