Tenders Are Invited For Appointment Of Auditing Firm For Statutory Audit For The Year 2025 For Gulf Zone in United Arab Emirates

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Tenders Are Invited For Appointment Of Auditing Firm For Statutory Audit For The Year 2025 For Gulf Zone 2 Accounting Trial Balance To Be Audited. 2.1. Uae 2.2. Kuwait 2.3. Ksa 3 Scope Of Work 3.1. Audit Of Accounts Of Uae (Main Office) Including Trial Balance Of Kuwait And Ksa. 3.2. Audit Of Consolidated Trial Balance. 3.3. Submission Of Final Audited Trial Balances Duly Stamped Of All Locations To Principal Office For Consolidation Purpose And To Meet The Reporting Requirements Of The Group Lead Auditors In Pakistan. 3.4. Audit Of Financial Statements In English And Arabic Languages For The Quarters Of March, June, September, And Annual Accounts. 3.4.1. Statement Of Financial Position. 3.4.2. Statement Of Comprehensive Income. 3.4.3. Income Statement. 3.4.4. Statement Of Change In Equity. 3.4.5. Statement Of Cash Flows. 3.4.6. Notes To The Financial Statements. 3.4.7. Any Other Requirement From Cbuae. 3.4.8. Fulfillment Of Ifrs 17 Requirements. 3.4.9. Submit Quarterly Report With Comments And Suggestions On State Life Gulf Investment Portfolio Comprising Comprehensive Portfolio Analysis, Economic Outlook, New Legal Requirements (If Any) Applicable To Insurance Companies About Investment Of Its Life Funds And Suggestions Regarding Potential Investment Opportunities Available In The Local Uae Market For Safe And Profitable Investment Of Us$ And Aed Funds. 3.4.10. As Per Financial Regulations 2014 Article No. (10) Reporting Requirements To The Authority Clause (2) "The Company Shall Submit To The Authority An Annual Risk Analysis Report Of Its Investment Portfolio, Strategy And Management Process, Which Is Certified By The Actuary, Authenticated By The Statuary Auditor And Endorsed By The Chairman Of The Board Of Directors. The Timeline For Submission Of This Report Will Be At The Same Time As The Submission Of The Audited Annual Financial Results. The Risk Analysis Report Should Include, But Is Not Limited To, The Following:" A) A Summary Of The Overall Investment Strategy As Outlined In Addendum (2). B) Analysis Of The Investment Portfolio Classifies As Per The Regulations In Article (3) Above; And C) Analysis Of The Market And Liquidity (Investment) Risk And Credit Risk, Including Scenario / Stress Testing, As Outlined In Addendum (3). Audit Firm Is Supposed To Authenticate The Annual Risk Analysis Report Of Its Investment Portfolio, Strategy And Management Process Which Is Certified By The Actuary Closing Date: 27-Mar-2025 Tender Link : Http://Www.Ppra.Org.Pk/Doc/17-3/147Slic173-273.Pdf

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