IE Network Solutions PLC invites qualified firms to submit proposals for annual and 9-month interim audit services, as well as asset valuation services.

TERM OF REFERENCE (TOR)For External Audit (Annual & 9 Month Interim) and Asset Valuation Services IE Network Solutions PLC 1. Background IE Network Solutions PLC is an Ethiopian IT company established in December 2008. The company specializes in enterprise solutions, including network services, business automation, smart infrastructure, and cloud services. The company emphasizes a value-maximizing and service-oriented approach, aiming to be a leading IT provider in Ethiopia. IE Network Solutions PLC maintains partnerships with global companies such as Dell, IBM, and Cisco, enabling delivery of international-standard products and services. The Company prepares its financial statements in accordance with International Financial Reporting Standards (IFRS) and applicable Ethiopian laws and regulations. The fiscal year runs from Hamle 1 to Sene 30. IE Network Solutions PLC intends to engage a qualified and independent firm to provide: · Annual Audit · 9-Month Interim Audit Services · Asset Valuation Services The assignment shall comply with Ethiopian regulatory frameworks, including directives of the Accounting and Auditing Board of Ethiopia (AABE), Ministry of Finance, and relevant tax proclamations. 2. Objectives of the Assignment The assignment aims to proactively identify and address financial, control, and compliance gaps highlighted through regulatory and internal reviews, and to ensure that the Company’s financial statements and asset base are accurate, complete, and aligned with IFRS prior to year-end 2.1 Interim Audit Objectives · To express an independent professional opinion on whether the financial statements present a true and fair view in accordance with IFRS and Ethiopian regulations · To perform a 9-month interim audit/review of financial statements · To assess the accuracy and reliability of financial information · To evaluate the effectiveness of internal control systems · To identify risks, gaps, and areas requiring corrective action before year-end ·