GRAP-Compliant Annual Financial Statements for 2025/2026
Tender Details
- Tender Title: Compilation of GRAP-Compliant Annual Financial Statements for 2025/2026 Financial Year
- Tender Number: NLM/BT/007/2025-26
- Department: Nala Local Municipality
- Location: Bothaville
- Province: Free State
- Closing Date: 29 June 2026 at 12:00
- Briefing Session: 22 June 2026 at 10:00 (Compulsory)
Category:
- Accounting Services
- Audit Services
- Financial Consulting
- GRAP & mSCOA Compliance
- MFMA Reporting
- Report Writing & Financial Compilation
Tender Objective
The objective of this tender is to appoint a qualified service provider to compile GRAP-compliant Annual Financial Statements (AFS) for the 2025/2026 financial year for Nala Local Municipality.
The work includes ensuring financial accuracy, correcting prior-year errors, preparing audit-ready financial statements, and transferring skills to municipal staff.
Scope of Work
The appointed service provider will be responsible for:
Financial Statement Compilation
- Reviewing and compiling the 2025/26 Annual Financial Statements (AFS)
- Ensuring compliance with GRAP standards
- Preparing audit-ready financial reports
Financial Corrections & Adjustments
- Identifying and correcting prior period errors
- Adjusting misallocations and disclosure errors
- Reviewing trial balance accuracy
- Preparing adjusting journals where required
Audit Preparation & Support
- Preparing audit files aligned with National Treasury requirements
- Responding to Auditor-General audit queries
- Making necessary corrections during audit process
- Ensuring compliance with audit timelines
Reporting Deliverables
- Draft AFS submission: 15 August 2026
- Final AFS submission: 31 August 2026
Capacity Building
- Training municipal staff
- Skills transfer through workshops and mentoring
- Documentation handover for internal capacity development
Technical Requirements
The service provider must:
- Compile GRAP-compliant financial statements for local government
- Prepare audit files according to National Treasury standards
- Use CaseWare software (provided by municipality)
- Correct prior period financial errors
- Support Auditor-General audit processes
- Deliver structured skills transfer programme
Skills and Experience Requirements
Professional Expertise
- Proven experience in GRAP financial statement compilation (minimum 5 years)
- Experience in local government financial reporting
- Knowledge of MFMA, GRAP, and mSCOA frameworks
Team Requirements
- Senior team member:
- SAICA / SAIPA / AGA(SA) or equivalent registration
- Experience in audit support and financial reporting
- At least 2 accountants:
- Minimum 4 years’ experience
- Registered with professional accounting bodies
Technical Skills
- CaseWare software proficiency
- Financial statement preparation
- Audit file compilation
- Trial balance analysis and correction
- Journal adjustments and reconciliations
Project Management Skills
- Ability to design and implement project methodology
- Structured reporting and documentation
- Deadline-driven execution
Capacity Building Skills
- Training and mentorship of municipal staff
- Skills transfer and knowledge sharing
- Documentation of processes
Key Deliverables
- GRAP-compliant Annual Financial Statements (2025/26)
- Corrected prior-year financial errors
- Audit-ready financial documentation
- CaseWare-based financial files
- Responses to audit queries
- Final AFS submitted to Auditor-General of South Africa
- Skills transfer and training programme
Ideal Service Providers
This tender is best suited for:
- Accounting and Audit Firms
- GRAP Compliance Specialists
- Municipal Finance Consultants
- Public Sector Accounting Experts
- SAICA / SAIPA Registered Firms
- CaseWare Financial Reporting Specialists
- Audit Support Consultants
Important Dates
- Briefing Date: 22 June 2026 at 10:00 (Compulsory)
- Closing Date: 29 June 2026 at 12:00
Briefing Venue:
Nala Municipality, 8 Preller Street, Bothaville, 9660
Submission Reminder
All bidders must attend the compulsory briefing session and ensure full compliance with GRAP, MFMA, and CaseWare requirements. Late or incomplete submissions will not be accepted.