Review and Preparation of Prior Error Adjustment(statement of Changes in Net Assets) Grap3

MLM02/03/2526

See details below or the tender documentation

Tender Closed on: 2026-04-10 12:00

Accounting Services, Audit Services - Technical, Operational, Financial, Compliance and Information Technology, Consulting Services, MFMP, GRAP and mSCOA Compliance

Ermelo, Mpumalanga

Msukaligwa Local Municipality

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Msukaligwa Local Municipality Tenders

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Tender Number: MLM02/03/2526
Department: Msukaligwa Local Municipality
Tender Type: Request for Quotation
Province: Mpumalanga
Closing Date: Friday, 10 April 2026 - 12:00
Place where goods, works or services are required: Corner Taute and Church Streeet - Ermelo - Ermelo - 2350
Special Conditions: SEE ATTACHED RFQ
ENQUIRIES:
Contact Person: Mr. SM PHIRI
Email: [email protected]
Telephone number: 017-801-3508
FAX Number: N/A
BRIEFING SESSION:
Is there a briefing session?: Yes Is it compulsory? Yes
Briefing Date and Time:
Briefing Venue:
eSUBMISSION:
eSubmission Enabled: Submit Tender by eSubmission

This tender is also available from www.etenders.gov.za


Tender Summary

Objectives

The primary objective of this tender is to obtain a suitably experienced and authorized vendor to review and prepare the Prior Period Error Adjustment (Statement of Changes in Net Assets) in accordance with GRAP 3 standards. The work aims to ensure accurate financial reporting by investigating, documenting, and supporting adjustments related to prior period errors.

Scope

The scope includes:

  • Preparation of detailed working papers for the statement of changes in net assets.
  • Investigation and validation of prior period errors leading to adjustments.
  • Provision of adequate supporting journals and disclosures supporting the adjustments.
  • Ensuring compliance with GRAP 3 standards and relevant auditing requirements.

Technical Requirements

The technical specifications mandate:

  • Provision of comprehensive working papers detailing the statement of changes in net assets.
  • Supporting journal entries that substantiate adjustments.
  • Clear disclosures supporting the amounts recorded in the statement of changes in net assets.
  • Demonstration of ability to meet minimum technical standards through evidence and model proposals, at the vendor’s own cost.

Skills Requirements

The successful vendor must demonstrate:

  • Experience in preparing financial statements in accordance with GRAP standards, specifically GRAP 3.
  • Proven expertise in investigating and correcting prior period errors.
  • Capability to produce detailed working papers, accurate supporting journals, and disclosures.
  • Qualified personnel, including personnel with experience in financial reporting, auditing, and accounting standards compliance.
  • Ability to provide evidence of previous successful engagements in similar projects, supported by audit reports and references.
This summary is AI generated. Download the tender documents for all the information.

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