The Organizing Committee of Frank Microfinance (Under Formation) Invites Eligible, Independent External Auditors to Submit Technical and Financial Proposals for External Audit Services.

Invitation for External Audit Services Frank Microfinance (Under Formation) 1. Invitation The Organizing Committee of Frank Microfinance (Under Formation) invites eligible, independent external auditors certified and authorized by the Accounting and Auditing Board of Ethiopia (AABE) to submit technical and financial proposals for the following assignment: Audit of share-subscription receipts, capital contributions, formation expenses, and related financial records; and/or Audit of the company’s annual financial statements for the fiscal years ending 2026/27, 2027/28, and 202829, subject to completion of incorporation and approval of the appointment by the appropriate company body. 2. Scope of the Assignment For the formation-period audit, the proposed scope shall include: Examination of share-subscription records, shareholder contributions, bank statements, and supporting documentation. Verification of amounts collected, deposited, refunded, or outstanding. Examination of formation expenses and the supporting approvals and payment documents. Reconciliation of financial records with bank balances and shareholder records. Review of controls over the receipt, custody, and use of formation funds. Submission of an audit report and a management letter identifying material findings and recommended corrective actions. Where annual financial statement audits are included, bidders shall describe their proposed approach, applicable reporting and auditing standards, staffing, and deliverables separately. The final scope, reporting framework, and form of assurance shall be specified in the approved terms of reference and engagement agreement. 3. Required Documents Bidders are requested to submit: A valid certificate of incorporation or business registration. A renewed business license. A valid AABE audit-practice license. Taxpayer identification and VAT registration certificates, where applicable. A valid tax-clearance certificate. A firm profile, including relevant audit experi