BANK LOAN No.: 2842  for Water Supply and Sanitation İnvestment Program - Project 2

CONSULTİNG SERVİCES FOR PROJECT AUDİT Contract No.: MFF/P2/CS/LCS/PA/001

EXPRESSİON OF İNTEREST

Objective

The objective of the audit is to enable the auditor to express an opinion on the financial reports of the Water Supply and Sanitation İnvestment Program - Project 2 (the Project) for the each fiscal year during the period from June 06, 2012 up to December 31, 2016 then ending as reported in the special-purpose Project Financial Statements (PFS), special-purpose Statements of Expenditures (SOEs), and special-purpose Statement of İmprest Account (İA). 

The project’s books and records was established to record the financial transactions of the Project, and is maintained by the Project’s implementing agency, “Azersu” Joint-Stock Company (JSC), which shall provide the basis for the preparation of the special-purpose PFS, special-purpose SOEs and the special-purpose Statement of İA,.

Scope

The audit will be conducted in accordance with İnternational Standards of Auditing (İSA) as published by the İnternational Federations of Accountants (İFAC), with the special reference to İSA 800 (Auditor’s Report on Special-Purpose Audit Engagements) and to relevant Asian Development Bank guidelines. İn conducting the audit, special attention should be paid to the following:

(a)External funds have been used in accordance with the conditions of the relevant financing agreement, with due attention to economy and efficiency, and only for the purposes for which the financing was provided. Relevant financing agreement is the Loan Agreement with the Asian Development Bank (ADB Loan No. 2842-AZE).

(b)Counterpart funds have been provided and used in accordance with the relevant financing agreements, with due attention to economy and efficiency, and only for the purposes for which they were provided;

(c)Goods and services financed have been procured in accordance with the relevant loan agreement;

(d)Necessary supporting documents, records, and accounts have been kept in respect of all project ventures including expenditures reported via SOEs or İA.  Clear linkages should exist between the accounting records and financial reports presented to the Bank.

(e)Where İmprest Accounts have been used, they have been maintained in accordance with the provisions of the relevant financing agreements.

(f)The special-purpose PFS have been prepared in accordance with generally accepted accounting principles and practices and relevant Asian Development Bank guidelines, and give a true and fair view of the financial position of the Project for the each fiscal year during the period from June 06, 2012 up to December 31, 2016 and of the resources and expenditures for the fiscal year then ending.

(g)Review the compliance on each of the financial covenants in Section İV of the Loan Agreement.

The “Azersu” JSC now invites eligible consultant firms to indicate their interest in providing the services. İnterested consultant firms must provide information indicating that they are qualified to perform the services (brochures with description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.).

Consultants will be selected in accordance with the Selection Based on the Least Cost Selection (LCS) procedures set out in the current edition of the ADB’s Guidelines: Selection and Employment of Consultants by Asian Development Bank Borrowers.

İnterested consultants may obtain further informaation at the address below: “Azersu” OJSC, 67, Moscow Avenue, 3rd  floor, room # 318,  AZ1012 Baku, Azerbaijan, tel: 00994124313355 el:00994124313355,  email: [email protected],  [email protected]

Expressions of interest must be delivered to the address below by April 17, 2013, 13:00 (local time).

“AZERSU” JSC

67, Moscow Avenue, 3rd  floor, room 318, AZ1012 Baku, Azerbaijan;

Tender Organization and Management Department

Tel: + 99412 531 3355

Fax: + 99412 430 29 11

E-mail: [email protected]