External Auditors for the Financial Years 2020 through 2024 Tender, Barbados - 37405643

Procurement Summary

Country : Barbados

Summary : External Auditors for the Financial Years 2020 through 2024

Deadline : 17 Nov 2019

Other Information

Notice Type : Tender

TOT Ref.No.: 37405643

Document Ref. No. :

Competition : ICB

Financier : Caribbean Development Bank (CDB)

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : CARIBBEAN DEVELOPMENT BANK (CDB)
Procurement Policy Unit P.O. Box 408 Wildey, St. Michael Tel: (246) 431-1600 Fax: (246) 426-7269
Barbados
Email :internalaudit@caribank.org, procurement@caribank.org

Tender Details

Tenders are invited for External Auditors for the Financial Years 2020 through 2024.

The Caribbean Development Bank (CDB) wishes to engage a firm of external auditors for the financial years 2020 through 2024. The external auditors will be required, inter alia, to audit the financial statements for the five financial years ending December 31, 2020 through 2024 in accordance with International Standards on Auditing and issue an audit opinion on financial statements prepared in conformity with International Financial Reporting Standards, for the Bank and its pension-related funds and on special purpose financial statements of the other funds under the Bank-s administration. The external auditors will also be required to support the Bank-s various note and/or bond offerings in the capital markets worldwide during the period July 1, 2020 through June 30, 2025.

ELIGIBLITY

Consideration will be limited to firms or joint ventures of firms which are legally incorporated or otherwise organised in an eligible country, have their principal place of business in an eligible country and are more than 50% beneficially owned by a citizen(s) and/or a bona fide resident(s) of an eligible country or countries or by a body or bodies corporate meeting these requirements. In all cases, the firm(s) should have no arrangement and undertakes not to make any arrangement whereby any substantial part of the net profits or other tangible benefits of the contract will accrue or be paid to a person or persons not a citizen(s) or bona fide resident(s) of an eligible country.

For the purposes of this engagement, eligible countries are CDB Member Countries.

CDB hereby invites qualified firms who are interested in undertaking these services, to submit information in the questionnaire mentioned below and in addition must provide information to satisfy the following requirements:

1. be an accounting firm which has been operating for a minimum of ten years; have an international operating infrastructure; operate under common standards and policies worldwide and have formal continuing education programmes;

2. furnish the Bank with a general background of the firm including description of ownership and structure encompassing its national and international operations;

3. have the ability to conduct audits under International Standards on Auditing and issue audit opinions on financial statements prepared in conformity with International Financial Reporting Standards;

4. have the ability to service the auditing and related needs of the Bank and provide professional support in connection with note and/or bond issuances in capital markets worldwide; and

5. be experienced in auditing multilateral banks and/or international commercial banks.

INSTRUCTIONS

Accounting firms are required to submit a completed copy of a questionnaire and required information to The Head - Internal Audit, CDB via the e-mail address provided below. Copies of the questionnaire are available on the CDB website here

After evaluation of the information submitted, a shortlist of not less than three (3) and not more than six (6) firms will be selected and invited to submit proposals for the provision of the services. The terms of reference for the services will be made available to the shortlisted firms.

The approximate date for commencement of the services is expected to be July 1, 2020. CDB shall not be bound to assign any reason for not shortlisting any applicant and shall not be responsible for any costs incurred by applicants.

Eligible countries are CDB Member Countries.

All submissions are to be in English and must be received by the Head - Internal Audit via email at internalaudit@caribank.org by November 17, 2019.

Documents

 Tender Notice