JSC "National exploration
company "Kazgeology"

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Selection process of auditing services

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2013

Procedure on auditors selection

Notification on auditor selection process to provide long-term audit services for 2013-2015

1."Kazgeologiya" JSC (legal and domicile address: D. Kunaeva st. 12/1, ВП - 61, 6th Floor,Astana, 010000, This e-mail address is being protected from spambots. You need JavaScript enabled to view it )notifies about execution of auditor selection process to provide long-term audit services for 2013-2015.

2. Confidential Disclosure Agreement:

Electronic version of for Confidential Disclosure Agreement text shall beattached to this notification.

30.04.2013 – Notification

30.04.2013 - Confidential Disclosure Agreement

2012

Notification on the auditor selection process results  (12.12.2012).

"Kazgeologiya" JSC(legal and domicile address: D. Kunaeva st. 12/1, ВП - 61, 6th Floor, Astana, 010000, This e-mail address is being protected from spambots. You need JavaScript enabled to view it ) notifies auditor selection process results to be performedin 26.11.2012.

The successful participant is "Ernst & Young" LLP which has the highest score with quotation- 3,890,000.0 (three million eight hundred ninety thousand) tenge VAT excluding.

Notification (12.12.2012)

The notification auditor selection process.(at10:00 a.m., 20.11.2012).

"Kazgeologiya" JSC (legal and domicile address: D. Kunaeva st. 12/1, ВП - 61, 6th Floor, Astana, 010000,   This e-mail address is being protected from spambots. You need JavaScript enabled to view it )notifies about performance of auditor selection process.

Confidential Disclosure Agreement:

Electronic version of Confidential Disclosure Agreement text shall be attached to this notification.

The volume of audit and related services to be purchased for 2012.

1. Supplier shall submit an audit report on the following audit types:

1) Customer financial audit for 2012 to check the compliance with the International Financial Reporting Standards (hereinafter - IFRS) is conducted in accordance with International Standards on Auditing (hereinafter - IAS). Supplier audit report shall be based on the analysis results and provides the information whether the above stated Group’s financial audit is in accordance with IFRS provisions and contains material misstatements;

2) audit report on the attestation of financial statements for 2012 in accordance with the forms No 422provided for release and approved by the Ministry of Finance of the Republic of Kazakhstan dated 20 August 2010;

3) audit report on the attestation of financial statements for 2012 in accordance with the form sapproved by the "Samruk-Kazyna" JSC

2. According to the financial audit results Supplier shall prepare letters to the management to express his opinion on above issue and provide appropriate recommendations mentioned during audit process and in the case of non-compliance, provide relevant recommendations for consideration to management aimedat development of current activities:

- Accounting Systems (including the procedures description of accounting records maintenance) and financial reporting;

- the methods and procedures of the assets and liabilities recognition, including a reconciliation of receivables and payables with goods and services suppliers;

- employees cooperation involved in the financial reporting regarding information on audited financial reporting;

- identified cases of misappropriation and errors in accounting records maintenance and financial reporting (fraud);

- the internal control and risk management system.

Note: Due to the fact that the Customer is a member of “National Welfare Fund" Samruk-Kazyna "JSC (hereinafter - the Fund), the Contractor shall assist the Fund external auditor to prepare its consolidated financial statements, including the provision of access to working papers . In this case, the potential costs are included into the total contract value.

Upon execution and submission of confidentiality agreement, potential participant can obtain an electronic copy of the request to participate in the Selection procedure by sending a formal request to the following e-mail addresses: This e-mail address is being protected from spambots. You need JavaScript enabled to view it , This e-mail address is being protected from spambots. You need JavaScript enabled to view it and This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Envelopes with official proposals for services provided from potential participants shall be registered at the following address: D. Kunaeva st. 12/1, 2nd Floor, Office 221, Astana, Republic of Kazakhstan010000,in the period from 11:00 a.m, November20 until 11:00 am, November 26,2012. Deadline for send in gpotential participants envelopes with official proposals for services provision is until 11:00 am November 26,2012 and to be sent to the following address: D. Kunaeva st. 12/1, 2nd Floor, Office 221, Astana, Republic of Kazakhstan 010000.

The allocated amount (provided) for the audit and related services purchasingfor the year 2012isas follows: - 10,000,000 (ten million) tenge VAT excluding.

The auditor (as a company) is not allowed to participate in the selection procedure if it is in the unreliable potential suppliers list of "Samruk-Kazyna" and / or Blacklist of biders for government contracts.

For more information, please call: 8 (7172) 475-726, 689-644. Notification (20.11.2012 at 10:00a.m).

Notification (20.11.2012)

Confidential Disclosure Agreement (20.11.2012)