Appointment of Chartered Accountant Firm for Vetting Accounting Manual at State Life Insurance Corporation Karachi

This tender invites reputable Chartered Accountant firms to provide one-time vetting services for the Accounting Manual of State Life Insurance Corporation in Karachi. The assignment involves a comprehensive review and update of the manual to align with international accounting standards and regulatory requirements, including IFRS 17 impacts. The scope covers organizational financial flow review, SOP alignment, internal controls, reconciliations, and system automation assessments across multiple divisions including Principal Office, regional, and Gulf zones. The consultancy requires detailed evaluation of financial processes, controls, and reporting mechanisms to enhance operational efficiency and compliance. The firm will engage with key stakeholders, incorporate feedback, and deliver a revised manual with track changes and implementation roadmap. The work demands expertise in insurance sector accounting, strong knowledge of tax laws, and experience with SOE governance. Bidders must be registered Chartered Accountant firms in Pakistan with at least two partners, registered with tax authorities, and approved by SECP for insurance companies. Firms should have a proven track record in financial consultancy for life insurance entities. Compliance with PEC category and FBR/ATL status is essential, and proposals must adhere to PPRA rules and the 2025-26 fiscal requirements. Submission deadline is set for 20th January 2026 at 11:00 am, with technical bids opening at 11:30 am on the same day. Proposals must be submitted electronically via the E-PADS system. The physical address for correspondence is the Central Procurement Division, 10th Floor, State Life Building No. 11, Abdullah Haroon Road, Karachi. Pro-Tip: Ensure your technical proposal clearly references all required documents and proof pages as per the evaluation criteria to avoid disqualification. Also, verify your firm's registration and SECP approval status before submission to meet eligibility requirements.