08/31/2022 12:00 PM
FINANCE
- Background
The Mandela Bay Development Agency (MBDA) is a municipal entity that was established in 2004 by the Nelson Mandela Bay Municipality (NMBM) to introduce urban renewal projects and initiatives into the inner cities and various emerging and developing nodes of the Nelson Mandela Bay (which comprises Port Elizabeth, Uitenhage and Despatch).
As part of its mandate it is also the Project Execution Agency for the NMBM in respect of the Helenvale Safety and Peace through Urban Upgrading (SPUU) programme, a foreign donor funded project of KfW Bank in Germany and which forms part of a government to government financial cooperation agreement between Germany and South Africa.
The MBDA hereby wishes to invite suitably qualified and experienced service providers in the auditing field to undertake the scope of work outlined below.
- Objectives of the audit
1. The objective of the audit of the Disposition Fund(s), including the Special Account, is to permit the auditor to express an opinion on the financial reports and statements of expenditures based on the withdrawal applications for the Disposition Fund(s). Such expenditures have been made under the financial position of the loan/ financing agreement for financing the Helenvale SPUU Programme of Projects.
2. The auditor must state the total disbursements that was transferred to the Disposition
3. Scope
It is important to note that the Audit Period will be from 17 July 2021 up until 18 July 2022.