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The Punjab Provincial Co-Operative Bank Ltd. | Chartered Account Firm

 THE PUNJAB PROVINCIAL CO-OPERATIVE BANK LTD

The Punjab Provincial Co-Operative Bank Ltd. | Chartered Account Firm
The Punjab Provincial Co-Operative Bank Ltd. | Chartered Account Firm


Expression of Interests
Hiring of Chartered Accountant Firm for IFRS-16

The Punjab Provincial Cooperative Bank Ltd, a Scheduled Bank since 1955, having a network of 151 branches in the province of Punjab, invites Expression of Interests (EOIs) from Chartered Accountant firms of category “A & B” on SBP Auditor’s penal having knowledge, capacity & experience to handle the assignment of IFRS-16 in Banks/FIs/Companies as per requirements of SBP.

JOB REQUIREMENTS & RESPONSIBILITIE

i. The Consultant will be responsible for Identification of all assets & liabilities which fall within the purview of IFRS-16 (Leases)

ii. Collection of information/data on Leases.

iii. Suggesting accounting treatment including entries for P & L and Balance Sheet to be passed for leases under IFRS-16

iv. Establishing the principles for the recognition, measurement, persuasion and disclosure of Leases.

QUALIFICATION & EXPERIENCE

i. The assignment requires the subject matter expertise and related experience of working with other Banks/FIs/Companies as a separate assignment

ii. The Firm should have experienced resource(s) to handle the assignment.

HIRING PROCESS

 The Expression of Interests proposals received against above mentioned job requirements & responsibilities will be examined and Technical & Financial Proposals will be called through Bidding document for further proceeding. Decision of the Bank will be final and binding to all.

APPLICATIONS SUBMISSION & OPENING DATE

. The applications must be addressed and reached to the Head General Administration Division, Head Office, Cooperative Bank House, Bank Square, Shahrah-e-Quaid-e-Azam Lahore on or before 20.10.2021 till 2:30 P.M. Any Expression of Interest (EOIs) received after given date & time will not be entertained. The EOIs will be opened by the committee, constituted for IFRS-16, on 20.10.2021 at 3:00PM in committee room of the Bank at Head Office, in presence of authorized representatives of the firms who wish to attend the EOIs opening process. They will bring their authorization letters and original CNICs. Bidding document will be dispatched to the interested firms through courier on 22.10.2021 free of cost. Bid security price will be 5% of financial bid in shape of Call Deposit Receipt. In addition, Performance Guarantee Security will be 5% of Financial bid to be deposited by the successful bidder in shape of Call Deposit Receipt. . The advertisement is also uploaded on the website of PPCBL i.e. www.ppcbl.com.pk and PPRA i.e. www. ppra.punijab.gov.pk 

The Bank will not be responsible for any cost incurred in submission of documents.

The Punjab Provincial Co-Operative Bank Ltd. | Chartered Account Firm
The Punjab Provincial Co-Operative Bank Ltd. | Chartered Account Firm


Address:-

Head General Administration Division, The Punjab Provincial Cooperative Bank

Ltd., Head Office, Bank Square, Shahrah-e-Quaid-e-Azam, Lahore.

Ph: 042-99211432-6 Ext.243

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