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Consulting Services: Project Financial Audit

Published: 09 February 2026 г.

REQUEST FOR EXPRESSION OF INTEREST (CONSULTING SERVICES – FIRM SELECTION)

Country: Kyrgyz Republic

Project Name: Development of Climate-Resilient Agricultural Value Chains (CRAVC Project)

Procurement Plan Reference: No. AD-01

The Asian Development Bank (ADB) has provided the Kyrgyz Republic a concessional loan (COL) of $20.00 million from ADB’s concessional ordinary capital resources and a grant of $20.00 million from ADB’s Special Funds resources (Asian Development Fund [ADF]) to implement the Climate Resilient Agricultural Value Chain Development Project (CRAVCDP). The Loan Agreement No.4413 KGZ (COL) and Grant Agreement No.0925 KGZ (SF) for the project, signed on 13 December 2023, were ratified by the Law of the Kyrgyz Republic No.109 of 27 June 2024.

Services required: - Conducting audit of the Annual Statement of Utilization of Funds of APIU MOWRAPI (and use of funds of the CRAVCDP (Loan No. 4413 KGZ (COL) and Grant No. 0925 KGZ (SF)) and Annual Statements of Utilization of Funds of the Aiyl Bank and Eldik Bank  (and use of funds and compliance with financial covenants of the CRAVCDP (Loan No. 4413 KGZ (COL) and Grant No. 0925 KGZ (SF)) for CRAVCDP financed by ADB in accordance with Loan Agreement No. 4413-KGZ (COL) and Grant Agreement No. 0925-KGZ (SF) dated 13 December 2023, as related to component 1 “Credit Lines to PFIs” and component 2 "Value Chain Support and Project Management" of the project, for the fiscal years 2024, 2025 and 2026 (see Terms and Definitions).

The objective of auditing the Project Statements of Expenditure (SOEs) is to enable the auditor to:

  • issue an audit opinion providing reasonable assurance that the Project SOEs present fairly, in all material respects, the sources and uses of project funds, or give a true and fair view; and
  • provide additional opinions regarding the use of loan and grant proceeds and compliance with the financial covenants of the Project Agreements between ADB and Aiyl Bank and between ADB and Eldik Bank under the CRAVC Project.

The auditors must be authorized to practice in the country and be capable of applying the agreed auditing standards. The auditors should have adequate staff with appropriate professional qualifications and suitable experience, including experience in auditing the accounts of projects or entities comparable in nature, size, and complexity to the project or entity whose audit they are to undertake.

Selection Criteria

  • The audit service provider (the "Auditor") must be objective and independent from the control over the entity or project being audited and from the persons of the organization appointing him/her, and the Auditor must also be a member of a professional accountancy body affiliated with the International Federation of Accountants (IFAC) and comply with the requirements of ISAs.
  • The auditor must have at least 2 years’ experience in auditing entities in the Kyrgyz Republic in accordance with ISA.
  • The auditor must have experience auditing the projects funded by international financial institutions (preferably ADB-funded projects) and be able to offer personnel with the necessary qualifications to conduct the audit competently and in a timely manner.
  • Preference will be given to an auditor who can provide at least two permanent audit team members holding ACCA and/or CPA international qualifications.
  • Preference will be given to an auditor have experience in auditing banks.
  • Preference will be given to a Big Four audit firm.
  • The audit firm must not be a related party of the MOWRAPI, APIU, Eldik Bank, or Ayil Bank, and there must be no conflicts of interest.

Key experts will not be evaluated at the shortlisting stage.

More detailed information is available in the Terms of Reference (TOR).

The consultant will be selected in accordance with the Least Cost Selection (LCS) method by preparing a shortlist of firms, as specified in the ADB Procurement Guidelines.

Interested consultants may obtain further information at the address below during working hours from 09:00 to 18:00 (local time).

Expressions of interest must be submitted in ADB format by 6:00 PM on 23 February 2026, either in hard copy or electronically to the address below (personally, via courier, or by email) with the email subject line: "Application for Participation in the Tender: Project Financial Audit (CRAVCDP)."

This selection is also published on the CMS (ADB).

You may access it via the following link: https://selfservice.adb.org/OA_HTML/adb/xxcrs/jsp/ADBCsrnFwd.jsp?sel=219676

Organization: APIU

Address: 96A Kievskaya Street, 5th Floor, Room 515, Bishkek

Tel/Fax: +996 (312) 665 625, +996 (312) 975 974

Email: procurement@apiu.kg