Objectives

The primary objective of this tender is to procure a service provider capable of performing an impairment assessment in accordance with IAS 36 for the financial year 2025/2026. The assessment aims to evaluate and determine the impairment of assets as per international accounting standards, supporting Pelchem SOC Ltd.'s financial reporting obligations.

Scope

The scope of work includes:

• Performing an impairment assessment in line with IAS 36 for the 2025/2026 financial year.
• Supporting the assessment with relevant documentation and technical expertise.
• Handling any queries from auditors, including the Auditor-General (AG), during the audit process related to IAS 36 impairment assessment.

Technical Requirements

The technical requirements for the service provider include:

• Proven track record in preparing IAS 36 impairment assessments, especially for entities audited by top audit firms and the AGSA.
• Availability of sufficient resources to handle queries and implement changes on short notice.
• Team composition must include qualified Chartered Accountants (CA) registered with SAICA, capable of performing the scope in accordance with IFRS standards.
• Experience in preparing annual financial statements that include IAS 36 impairment assessments for State-Owned Entities.
• Minimum of 5 years’ experience specifically in IAS 36 impairment assessments.

Skills Requirements

The skills and expertise required from the service provider are:

• Extensive experience in IAS 36 impairment assessments, with a demonstrated track record.
• Qualified CA (SAICA registered) with the ability to interpret and apply IFRS standards.
• Strong analytical and technical skills to support audit queries and ensure compliance with IFRS and audit standards.
• Capacity to provide timely support and handle queries during the audit process.
• Experience in working with or preparing financial statements for State-Owned Entities is preferred.