Audit and tax tenders are requests for chartered accountancy firms to examine, certify or advise on an organisation's finances. They include external audit of annual accounts, internal audit and risk reviews, special audits of projects and grants, tax consultancy and return filing, and compliance reviews against legal and regulatory requirements. Buyers publish them because law, donors or their own boards require independent assurance.
Across PakistanTender in the last 90 days — sources most firms never check.
Pakistan LNG Limited seeks appointment of a qualified audit or technical firm to carry out retainage audit services for the PGPCL LNG Terminal located at Port Muhammad Bin Qasim in Karachi, Federal Province. This is a…
Punjab Housing Corporation Limited, a government-owned public limited company incorporated in March 2010 and based in Lahore, Punjab, invites sealed proposals from chartered accountant firms for appointment of external…
Pakistan LNG Limited, a wholly owned subsidiary of Government Holding Private Limited mandated by the Government of Pakistan to manage the import, storage and regasification of liquefied natural gas, invites electronic…
In Pakistan the largest group of notices comes from public sector companies, statutory bodies, universities, development projects and donor-funded programmes that must appoint auditors from a list of qualified firms. Banks and listed companies appoint auditors under the Companies Act and their regulators, but many also invite proposals through published notices.
These are professional services, so price is rarely the only factor. Firms are judged on their standing, the team proposed and their approach to the engagement, and many tenders are closed with a technical score before the financial envelope is opened.
Independence and ethics are central. The ICAP code of ethics, and for listed entities the corporate governance rules, restrict a firm from providing certain non-audit services to an audit client, and buyers check that proposed teams have no financial or family ties with the organisation. A clear conflict-of-interest declaration in the proposal shows you understand the rule.
Fees in this market are shaped by the size of the entity, the number of locations and the risk of the engagement. Buyers who receive wildly different quotes often ask for clarification on hours and team grades, so build the fee from a visible staffing plan rather than a single lump figure.
Donor-funded projects add their own requirements, such as audit under international standards, management letters and compliance with the funder's terms. Firms that already work with the main donors can reuse their templates and enjoy a clear advantage in shortlisting.
Buyers include federal and provincial public sector enterprises, development authorities, universities, hospitals, regulators, power and gas companies, microfinance institutions, non-profit organisations and donor-funded projects. The Auditor General of Pakistan audits government accounts directly, so public departments themselves seldom tender external audit, but their autonomous bodies and companies do.
The chartered accountancy profession is regulated by the Institute of Chartered Accountants of Pakistan, and audit firms generally need to be on the State Bank of Pakistan or the Securities and Exchange Commission panel list when the client is a bank or listed company. Many bidders must also be rated satisfactory under the ICAP quality control review programme. Public buyers use the Public Procurement Rules, 2004 or the provincial rules and typically apply quality and cost based selection, scoring the technical proposal first and then combining it with the financial score. Rotation rules in corporate governance codes limit how long one firm can audit the same listed client.
Firms of chartered accountants registered with the Institute of Chartered Accountants of Pakistan, and often with a satisfactory quality control review rating and panel listing, depending on the client type.
Seldom. Most use quality and cost based selection, where the technical proposal is scored and only qualified firms have their fee compared. Some small assignments use lowest cost among qualified bidders.
Tax practitioners are expected to hold relevant professional membership or registration and be active taxpayers themselves. The bidding document sets the exact eligibility.
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