SRRP/External Audit External Financial Auditor Tender, Uzbekistan - 73140739

Procurement Summary

Country : Uzbekistan

Summary : SRRP/External Audit External Financial Auditor

Deadline : 18 Nov 2022

Other Information

Notice Type : Tender

TOT Ref.No.: 73140739

Document Ref. No. : LOAN 53312-001 UZB

Competition : NCB

Financier : Asian Development Bank (ADB)

Purchaser Ownership : Public

Tender Value : Refer Document

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Tender Details

National Road Development Project - SRRP/ExternalAudit External Financial Auditor

Deadline of Submitting EOI: 18-Nov-2022 11:59 PM Manila local time

Estimated Short-listing Date: 04-Dec-2022

Estimated Commencement Date: 08-Jan-2023

Estimated Commencement Date: 37, 170 USD

Engagement Period: 36 MONTH

Objective and Purpose of the Assignment 1. Introduction and Background This Terms of Reference is prepared in accordance with provisions of the Loan Agreement 4174-UZB (Loan Agreement) between Republic of Uzbekistan and Asian Development Bank (ADB) dated 25 March 2022. The Loan amount is 273.8 million US dollars for the period of 24 years, including 4-year grace period, of which 183.8 million US dollars were allocated for reconstruction of 111 km road sections in Surkhandarya region and 90 million US dollars for completion of reconstruction of 87 km road section in Bukhara region of the Republic of Uzbekistan. The objective of the project, for which the Loan Agreement was concluded, is increased road transport efficiency for the project roads, being the national road between Darband village and Denov city in Surkhandarya region and the A380 road section between districts Bukhara and Gazli in Bukhara region. The project comprises of
2 sub-projects as follows: (i) reconstruction of the existing 111 km road sections of the 4R105 “Darband v.- Boysun c.- Elbaen v.” (km 5-70) and 4R100 “Manguzar v.- Zharkurgan c.- Bandikhon v.- Oltinsoy v.- Denov c.” (km 128-174) with cement concrete pavement, including supply and installation weigh-in motion system (“Surkhandarya” project), and (ii) completion of the reconstruction and widening of the existing 87 km of A380 “Guzar-Bukhara- Nukus-Beyneu” road on the section from km 228 to 315, which has been previously funded by ADB Loan 3355 until closure of that loan, i.e. 23 August 2021 (“Bukhara” project). The Committee for Roads (CR) under the Ministry of Transport of the Republic of Uzbekistan is the executing agency responsible for effective targeted use of the loan funds and implementation of the project. A project management unit (PMU) has been established under “Avtoyulinvest” Agency (AA) (formerly Republican Road Fund) to manage the day-to-day project activities. The Sectoral Procurement Committee and Ministry of Investment and Foreign Trade of the Republic of Uzbekistan are the monitoring committees for the project implementation. The audit services will be contracted by the PMU (Client), with the following contact details: Address: 68, Mustakillik Ave., Tashkent, Uzbekistan; Attn: Mr. Fakhriddin Abdurakhmanov, Director of PMU; Tel: (+99871) 268-99-68; E-mail: surkhandarya.project@gmail.com

2. Objectives The objective of the audit of the project financial statements is to enable the auditor to (i) express an independent and objective opinion as to whether the project financial statements present fairly, in all material respects, or give a true and fair view of the project-s financial position, its financial performance and cash flows, and (ii) provide a reasonable assurance opinion over certain specific representations made in the Statement of Compliance. The objective of the Audited Project Financial Statements (APFS) audit is to enable the auditor to express an opinion on the financial position of the project implementation for the fiscal years ended 2021 and 2022, for the fiscal year ended 2023 and for the fiscal year ended 2024 on the funds received and expenditures made within audit years. Separate opinions on the eligibility of claims made in Statements of Expenditure (SOE) and on the Advance Account Statement are also required.

3. Audit Scope The auditor-s examination should include evaluation of the systems and operating procedures for accounting, custody of assets, control of environment and internal financial control, financial reporting, and related systems. An analysis of explanations submitted to the auditor and all information necessary to support the auditor-s opinion and to construct the report of the auditor, will be provided by the PMU, AA, CR, and the Ministry of Finance. The auditor should obtain an understanding of the project and the PMU, AA, CR, Ministry of Finance, including the contents of the Report and Recommendation of the President to the Board of Directors (ADB) (RRP), legal agreements and ADB-s relevant guidelines. Auditing Standards and Program. The audit will be carried out in accordance with the agreed auditing standards (See Terms and Definitions), including professional or general standards, standards of fieldwork, and reporting standards. The audit program will consider the risk of material misstatements resulting from fraud or error. It should include procedures that are designed to provide reasonable assurance that material misstatements (if any) are detected. Accounting Policies and Changes. The auditor should comment on the project-s accounting policies, and confirm the extent to which the agreed project accounting policies (See Terms and Definitions) have been applied. In particular, the auditor should note the impact on the APFS arising from any material deviations from the agreed accounting standards. The auditor should also comment on any accounting policy changes, either during a financial year, or from one year to another. Advance Account (or Special Account). The Advance Account reflects: (i) deposits and replenishment received from financiers, (ii) payments substantiated by withdrawal applications, and (iii) the remaining balance at financial year-end. The auditor will examine whether the Advance Account has been maintained in accordance with the provisions of the relevant financing agreements. The auditor must form an opinion on whether the Advance Account was used in compliance with required procedures (e.g., those of ADB), and the fairness of the presentation of Advance Account activity and the year-end balance.

The auditor should examine the eligibility and correctness of financial transactions during the period under review, account balances at the end of the period, the operation and use of the Advance Account in accordance with the financing agreement, and the adequacy of internal controls for this particular disbursement mechanism. Statements of Expenditures (SOEs). The auditor will audit all SOEs used as the basis for the submission of loan withdrawal applications to ADB. These expenditures should be compared for project eligibility with the relevant financing agreements (and with reference to the RRP and other project documents for guidance when considered necessary). Where ineligible expenditures are identified as having been included in withdrawal applications and reimbursed against, these should be separately noted by the auditor. The annual audit report should include a separate paragraph commenting on the accuracy and propriety of expenditures withdrawn under SOE procedures, and the extent to which ADB can rely on those SOEs as a basis for loan disbursement. Annexed to the APFS should be a schedule listing individual SOE withdrawal applications by specific reference number and amount.

Documents

 Tender Notice