APPROVED
By the decision of the Supervisory Board
Innovative Insurance Capital PrJSC
(Minutes No. 07/2025 of December 24, 2025)
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 2025.
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 2025;
- Assurance report on the annual data of the insurer “Innovative Insurance Capital” PrJSC for 2025.
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 300,000.00 are accepted for consideration.
The deadline for submitting bids is 23:59 on January 09, 2026.
The deadline for the provision of services is no later than the 24th day of the fourth month following the reporting year 2025.
To participate in the competition, you must submit the following documents and information:
- Information about the audit firm.
- A copy of the extract from the Unified State Register of Legal Entities, Individual Entrepreneurs and Public Organizations.
- Commercial offer.
- 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.
- 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.
Audit firms that meet the following criteria are invited to participate in the competition:
- The company is an audit entity.
- The Audit Company is included in the section of the Register of Auditors and Audit Entities, which gives the right to conduct statutory audits of financial statements of companies of public interest.
- The audit entity can ensure a sufficient level of staffing at the main place of work to perform the mandatory audit of financial statements (at least five auditors work at the main place of work, the total number of full-time qualified employees involved in the performance of tasks is at least 10 people, of whom at least two have confirmed qualifications in accordance with Article 19 of the Law on Audit, or have valid certificates (diplomas) of professional organizations confirming high
- The auditor does not have a criminal record that has not been expunged or removed in accordance with the established procedure, or has not been subject to an administrative penalty for committing a corruption-related offense within the last year, as well as no penalty in the form of exclusion from the Register of Auditors and Audit Entities for submitting inaccurate information to the Register of Auditors and Audit Entities within the last year.
- The auditor, the audit entity, its key audit partners, its owners (founders, participants), officials and employees and other persons involved in the provision of such services, as well as close relatives and family members of the said persons:
– are not owners of financial instruments issued by a legal entity whose financial statements are subject to audit or have a significant and direct interest in obtaining benefits from a legal entity, entity without the status of a legal entity to which audit services are provided, or a legal entity related to such a legal entity by common ownership, control and management, except for those owned by such a legal entity indirectly through joint investment institutions;
– do not participate in transactions with financial instruments issued, guaranteed or otherwise supported by the legal entity to which the audit services are provided, except for transactions within collective investment institutions;
– did not, during the reporting period of the financial statements to be audited and the period of providing audit services for such financial statements, have any labor, contractual or other relations with the legal entity to which the audit services are provided that may lead to a conflict of interest.
- The audit entity meets all other requirements established for audit entities authorized to conduct the statutory audit of the financial statements of companies of public interest.
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: Yana Kachorovska
The decision on the selection of the auditor will be announced by January 26, 2026. 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.