APPROVED
By the decision of the Extraordinary General Meeting of Shareholders
Innovative Insurance Capital PrJSC
(minutes No. 17/0/2024 of December 03, 2024)
Announcement of a tender for the selection of audit entities
Innovative Insurance Capital PrJSC announces a tender for the selection of audit entities that may be appointed to provide services for the statutory audit of financial statements for 2024.
The purpose of the tender is to select an audit firm on a competitive basis to conduct the mandatory annual audit of the financial statements of Innovative Insurance Capital PrJSC with the duration of the mandatory audit of the financial statements for 1 (one) year, in accordance with Article 30 of the Law of Ukraine “On the Audit of Financial Statements and Auditing Activities”. The statutory audit engagement on the financial statements:
- Independent auditor’s report on the financial statements of Innovative Insurance Capital PrJSC for 2024;
- Assurance report on the annual data of the insurer “Innovative Insurance Capital” PrJSC for 2024.
The purpose of the tender is to select on a competitive basis an audit firm to conduct the mandatory annual audit of the financial statements of “Innovative Insurance Capital” PrJSC with the duration of the mandatory audit of financial statements for 1 (one) year, in accordance with Article 30 of the Law of Ukraine “On the Audit of Financial Statements and Auditing Activities” and to prepare
Terms and conditions of the competition and its procedure:
The tender is open to audit firms that meet the requirements set forth in the Law of Ukraine “On the Audit of Financial Statements and Auditing Activities” and the terms of the tender.
Commercial offers not exceeding UAH 130,000.00 are accepted for consideration.
The deadline for submitting bids is 23:59 on January 31, 2025.
The deadline for the provision of services is no later than the 24th day of the fourth month following the reporting year 2024.
To participate in the competition, you must submit the following documents:
- A questionnaire that states:
- name of the audit firm, legal entity identification code, address, contact information (phone number, e-mail, website address), name of the contact person;
- a brief reference to the activities of the audit firm or a link to the website where this information is available;
- information about the participants (founders/shareholders) of the audit firm, ultimate beneficial owners, including their surname, name, patronymic (if any), country of citizenship, name, country of residence, and location;
- information on the number of employees of the audit firm (at least five auditors with a total number of at least 10 qualified employees involved in the performance of tasks, at least two of whom must confirm their qualifications in accordance with Article 19 of the Law of Ukraine “On the Audit of Financial Statements and Auditing Activities” or have valid certificates (diplomas) of professional organizations confirming a high level of knowledge of international financial reporting standards);
- information on the qualified personnel of the audit firm (full name and number of certificates of the “Audit Entity entitled to conduct statutory audit of financial statements of enterprises of public interest”);
- description of the audit firm’s specialization: relevant experience, description of similar projects (if any).
- A copy of an extract and an extract from the Unified State Register of Legal Entities, Individual Entrepreneurs and Public Organizations;
- Form of proposal for the mandatory audit of financial statements of public interest entities of the established form.
- A copy of the extract from the Register of Auditors and Audit Entities on the inclusion of the audit entity in the relevant section of the Register of Auditors and Audit Entities.
- A copy of the current Certificate of Quality Control System Inspection.
- Documents confirming that the amount of remuneration of the audit entity for the previous annual reporting period from each of the public interest entities that received statutory audit services during this period did not exceed 15 percent of the total amount of income from the provision of audit services.
- A document confirming that the audited entity does not have any restrictions specified in Article 27 of the Law of Ukraine “On the Audit of Financial Statements and Auditing Activities”.
- Documents confirming that the audit entity does not have any restrictions related to the duration of services provided to an enterprise of public interest.
- A copy of the contract of insurance of civil liability of the audit entity to third parties that conducts the statutory audit of financial statements (with the relevant information in the Register of Auditors and Audit Entities on the conclusion of such a contract).
- Draft agreement on the provision of services for the statutory audit of financial statements.
Auditors who have not passed an external audit of the quality control system and do not have a valid certificate of compliance with the quality control system as of the date of the tender announcement are not allowed to participate in the tender. If a tender proposal is received from such entities, the proposal will not be accepted for consideration.
In case the audit entities submit documents containing inaccurate information or submitted outside the time limits established by these terms and conditions, or if PrJSC “Innovative Insurance Capital” determines that the audit entity does not comply with the requirements of the Law of Ukraine “On the Audit of Financial Statements and Auditing Activities”, such proposals shall be rejected.
The commercial offer and documents for participation in the tender should be sent to the e-mail address marked “Tender Audit”: office@insk.com.ua.
If necessary (this will be additionally announced), paper documents for participation in the competition should be sent to the following address: 01033, м. Kyiv, ul. Saksaganskogo 3 letter A, PrJSC IC Innovative Insurance Capital.
tel. +38 (044) 371 17 17
Contact person: Alla Nagorna
The decision on the selection of the auditor will be announced by February 15, 2025. The results of the tender will be announced on the official website of “Innovative Insurance Capital” PrJSC by posting a corresponding announcement.
Documents received after the deadline or submitted incompletely or in violation of the terms of the tender will not be considered.