"GLOBAL CREDIT" UCO CJSC announces an open tender for the selection of an external independent audit organization for the purpose of auditing the activities and annual financial statements for 2025.

Criteria for the tender for the selection of an independent audit organization

Competition proposals can be submitted until October 10, 2025 inclusive. Proposals can be submitted either in paper form in a sealed envelope or by sending them to the official email address of the organization: [email protected].

The financial criterion for evaluating the tender proposals is the cost of the audit service in Armenian drams (including all applicable taxes and other expenses), and the technical criteria are as follows:

the auditor's level of recognition (reputation) in the Republic of Armenia and international recognition (reputation)

the auditor's work experience

the qualification level of the employees participating in the audit work

the methods of conducting the audit

the deadlines for conducting the audit and submitting the audit report

the areas of audit coverage.

Those wishing to participate in the tender must also submit their company's charter, permission to conduct audit activities, and the latest financial statement approved in accordance with the procedure prescribed by law.

Audit work should include:

examining the basis for the information and disclosures reflected in the financial statements on a test basis
evaluating the accounting principles used in the preparation of the financial statements, significant estimates made by the bank's management, and the presentation of the financial statements
preparing an auditor's opinion and an auditor's report (letter to the bank's management).

In addition, the above-mentioned tender proposals should be submitted by the auditors separately for each of the following periods:

For 2025,
For 2025 and 2026,
The areas of audit coverage are: the Bank's balance sheet, financial results for the reporting period, statements of changes in equity, cash flows and notes to the financial statements, as well as the deadline for completion of the reports is May 20

The audit must be carried out in accordance with the Audit Standards established by the regulatory legal acts of the Republic of Armenia, and the International Standards on Auditing published by the International Federation of Accountants.