Prequalification For Provision Of Auditing Services To Insurance Players' Accounts For The Year 2024 tendering job at Insurance Regulatory Authority of Uganda
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PREQUALIFICATION FOR PROVISION OF AUDITING SERVICES TO INSURANCE PLAYERS' ACCOUNTS FOR THE YEAR 2024.
Section 108(1) of the Insurance Act, 2017, requires the accounts of every licensee to be audited by an auditor approved the Authority.
In line with the aforementioned statutory requirement, the Authority wishes to update the list of Auditors to be approved to audit insurance players' accounts. This will be reviewed annually. Therefore, the Authority invites Auditors who are members of the Institute of Certified Public Accountants of Uganda (ICPAU), with sound standing in the market and are interested in auditing insurance players' accounts for the year 2024 to furnish it with the following:
i. Information on legal status and evidence thereof.
ii. Evidence of having submitted the application for Membership for the year 2024 to ICPAU.
iii. Concise history of the firm/Auditor. iv. Organizational structure of the applicant. v. Full details of physical and communication address(es) of office(s).
vi. Curriculum Vitae of the partner(s) or individual(s) and Principal/Senior Officers. vii.Names, particulars and communicating address(es) of the applicant's leading clients for the last 3 years.
viii. Details of the applicant's valid Professional Indemnity Insurance Policy of sum assured of at least Shs. 100,000,000/= expiring on or after 31st December 2024.
ix. Enclose a copy of the firm's current practicing certificate from ICPAU.
x. Enclose an up-to-date Income Tax Clearance Certificate.
xi. Enclose a copy of NSSF clearance certificate or its equivalent of at least January 2023 as evidence of payment of Social Security Contributions.
xii.Details of any interest, either directly or through his/her Partners, Principals or Senior Officers in any Insurance Company, Insurance Brokerage or any other player(s) who are within the purview of the Insurance Act in Uganda. This interest includes any stake-holding, advisory. consultative and any other relationship.
For clarity, all interested Auditors including those already on the list of previous auditors approved to audit insurance players' accounts should apply/ reapply.
Applicants should submit all the required information to the Authority at the above given address by 5:00 pm on Tuesday 31st October, 2023 or email to ira@ira.go.ug upon payment of non-refundable fee of Ushs.100,000/= payable to Insurance Regulatory Authority of Uganda Bank of Baroda Main Branch Account No. 95010200001050 and submit evidence of payment.
Please note that the attached documents should not exceed SMBs. Whatever information or document furnished to the Authority in this connection will be treated with confidence.
6. Failure to provide the required appropriate information in a timely manner prescribed shall result in disqualification.
Section 108(1) of the Insurance Act, 2017, requires the accounts of every licensee to be audited by an auditor approved the Authority.
In line with the aforementioned statutory requirement, the Authority wishes to update the list of Auditors to be approved to audit insurance players' accounts. This will be reviewed annually. Therefore, the Authority invites Auditors who are members of the Institute of Certified Public Accountants of Uganda (ICPAU), with sound standing in the market and are interested in auditing insurance players' accounts for the year 2024 to furnish it with the following:
i. Information on legal status and evidence thereof.
ii. Evidence of having submitted the application for Membership for the year 2024 to ICPAU.
iii. Concise history of the firm/Auditor. iv. Organizational structure of the applicant. v. Full details of physical and communication address(es) of office(s).
vi. Curriculum Vitae of the partner(s) or individual(s) and Principal/Senior Officers. vii.Names, particulars and communicating address(es) of the applicant's leading clients for the last 3 years.
viii. Details of the applicant's valid Professional Indemnity Insurance Policy of sum assured of at least Shs. 100,000,000/= expiring on or after 31st December 2024.
ix. Enclose a copy of the firm's current practicing certificate from ICPAU.
x. Enclose an up-to-date Income Tax Clearance Certificate.
xi. Enclose a copy of NSSF clearance certificate or its equivalent of at least January 2023 as evidence of payment of Social Security Contributions.
xii.Details of any interest, either directly or through his/her Partners, Principals or Senior Officers in any Insurance Company, Insurance Brokerage or any other player(s) who are within the purview of the Insurance Act in Uganda. This interest includes any stake-holding, advisory. consultative and any other relationship.
For clarity, all interested Auditors including those already on the list of previous auditors approved to audit insurance players' accounts should apply/ reapply.
Applicants should submit all the required information to the Authority at the above given address by 5:00 pm on Tuesday 31st October, 2023 or email to ira@ira.go.ug upon payment of non-refundable fee of Ushs.100,000/= payable to Insurance Regulatory Authority of Uganda Bank of Baroda Main Branch Account No. 95010200001050 and submit evidence of payment.
Please note that the attached documents should not exceed SMBs. Whatever information or document furnished to the Authority in this connection will be treated with confidence.
6. Failure to provide the required appropriate information in a timely manner prescribed shall result in disqualification.
Job Info
Job Category: Tenders in Uganda
Job Type: Full-time
Deadline of this Job: 31 October 2023
Duty Station: Kampala
Posted: 03-10-2023
No of Jobs: 1
Start Publishing: 03-10-2023
Stop Publishing (Put date of 2030): 03-10-2067
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