Audit of Financial Statements and Government Grant Evaluation for University of Turbat

This tender invites Chartered Accountant firms to audit the financial statements and evaluate the Annual Government of Balochistan Grant-in-Aid reports for the University of Turbat located in Turbat, Balochistan. The University of Turbat, under the Directorate of Finance, seeks expert audit services covering fiscal years 2022-23 to 2024-25, ensuring compliance with GAAP and applicable Pakistani auditing standards. The scope includes auditing balance sheets, income and expenditure statements, cash flow statements, and preparation of independent audit reports and management letters. Additionally, firms will audit or evaluate grant-in-aid reports as per Government of Balochistan Grant-in-Aid Rules, 2022. The assignment requires a thorough understanding of public sector audits, with a focus on the Mekran region's unique administrative and financial environment. Bidders must be registered with the Taxation Department, possess NTN and BRA certificates, and be on the State Bank of Pakistan's approved Panel of Auditors in Category A. Registration with ICAP and a satisfactory Quality Control Review rating are mandatory. Affiliation with a globally recognized firm is also required. Firms must submit original bid security of 2% of the total bid value and affidavits confirming no blacklisting or disputes. The submission deadline is **December 31, 2025**, with bids evaluated through a single stage, two envelope procedure. Technical bids will be assessed first, followed by financial bids of technically qualified firms. Bids must be submitted online via EPADS; no manual submissions will be accepted. The physical address for queries is the Directorate of Finance, University of Turbat. Pro-Tip: Ensure all bid documents are signed and stamped on each page and double-check the bid security format and validity period. Missing or incorrect bid security is a common cause for disqualification. Also, carefully review the technical evaluation criteria to maximize scoring potential.