Appointment of Statutory External Auditors for Financial Year 2025-26

The FD Office (Finance Directorate) at QESCO Headquarter, Zarghoon Road, Quetta, is procuring consultancy services for the appointment of Statutory (External) Auditors for the Financial Year 2025-26. This procurement is specifically for the annual statutory audit of QESCO accounts, ensuring compliance with the Companies Act, 2017, International Financial Reporting Standards (IFRS), and International Standards on Auditing (ISA). The scope includes reviewing the Statement of Compliance with SECP Public Sector Entities Corporate Governance Rules, a one-time technical review of the ERP (SAP) system, and calculation of key financial ratios such as Debt Service Coverage and Self-Financing Ratios. Eligible bidders must be registered on EPADS v2.0 and comply with PEC and FBR registration requirements. The firm should have a strong audit team with qualified Chartered Accountants registered with ICAP, experience auditing government organizations and power sector companies over the last five years, and international affiliations. The technical bid must include detailed documentation such as firm profiles, QCR certificates, lists of partners and audit staff, and undertakings regarding audit assignment completion and non-outsourcing. The submission deadline is Thursday, May 21, 2026, at 01:00 PM via EPADS v2.0 only; manual submissions will not be accepted. The financial bid opening will follow at 01:30 PM the same day. The bid security must be submitted in prescribed forms such as Pay Order or Bank Guarantee. The contract requires maintaining a minimum of six audit staff at QESCO headquarters during fieldwork and delivering five hard copies plus one soft copy of the final audit report and management letter. A practical tip for bidders is to ensure timely registration and familiarization with the EPADS v2.0 platform to avoid disqualification. Also, prepare a comprehensive technical proposal addressing all eligibility criteria and submit all required documents to avoid rejection. The earnest money and bid security declarations must be carefully prepared as per instructions to ensure compliance. This opportunity demands a high level of professionalism and adherence to quality-based selection criteria by the Finance Directorate of QESCO in Quetta.