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15. August 2014

ANNOUNCEMENT

C-QUADRAT Ampega Asset Management Armenia LLC (hereinafter Funds Manager) announces a tender for audit company selection to carry out the audit of the annual financial statements for 2014 of the Funds Manager and the funds managed by it comprising: “C-QUADRAT Ampega Fixed Income Pension Fund’’, “C-QUADRAT Ampega Conservative Pension Fund”, “C-QUADRAT Ampega Balanced Pension Fund.”


Applications will be accepted from August 15 to September 15, 2014, at 37 Hanrapetutyan Street, Yerevan.
The tender is open to audit organizations which meet the following criteria:

  1. have at least 3 years experience in financial audit of the organization. However, this standard does not apply to international audit organizations (organizations which are members to one of the top 10 audit networks as listed on one of the following websites:
  2. http://www.accountancyage.com/static/top50-this-year, http://accountants.entrepreneur.com/, http://www.vault.com/wps/portal/usa/rankings/landing?rankingId=177&regionId=0
  3. responsible auditor of the audit organization has at least 3 years of working experience and at least 3 financial institutions’ auditing experience and a document (certificate) certifying the completion of at least half of the phases of an international accounting or auditing qualification (e.g. ACCA, CPA, CISA) or a document certifying auditor’s qualification issued by the Association of Accountants and Auditors of Armenia or by the legal body authorized by the Government of the Republic of Armenia.
  4. at least half of the employees involved in the audit group have at least 3 years of working experience and auditor’s qualification issued by the Association of Accountants and Auditors of Armenia or by the legal body authorized by the Government of the Republic of Armenia.

Moreover, signing the contract with the Funds Manager the audit organization gives its consent to participate in the tripartite meeting organized by the Central Bank of the Republic of Armenia between the Funds Manager, audit organization and the Central Bank of the Republic of Armenia to discuss the results of the external audit

Applications are to be submitted in Armenian and English languages, in closed and sealed envelopes with the following content:

  • the audit company's name, address, phone number, license details, information regarding the experience of auditing,
  • information regarding membership to one of the top 10 audit networks as listed on one of the following websites: http://www.accountancyage.com/static/top50-this-year, http://accountants.entrepreneur.com/, http://www.vault.com/wps/portal/usa/rankings/landing?rankingId = 177 & regionId = 0
  • one of the best sites on the list included 10 members of the full network audit information,
  • information regarding the qualification and experience of the employees participating in the audit,
  • information regarding the experience of the responsible auditor,
  • Auditing methods, and volumes about the approximate audit program,
  • Audit costs (separately for the company and each fund), including all taxes and fees,


Applications shall be accompanied by the following documents:

  • A copy of the audit company’s license,
  • A document (certificate) regarding the responsible auditor and staff involved in the audit group certifying the completion of at least half of the phases of an international accounting or auditing qualification (e.g. ACCA, CPA, CISA) or a document certifying auditor’s qualification issued by the Association of Accountants and Auditors of Armenia or by the legal body authorized by the Government of the Republic of Armenia
  • The draft contract for rendering the audit services.


The Funds Manager selects the external auditor according to the legislation of the RA and its internal procedures, after which concludes the contract on providing audit services by 15th of October.


This announcement comprises an invitation to make an offer, and the presented applications shall comprise offers to the Funds Manager.

C-QUADRAT Ampega Asset Management Armenia LLC
Address: 4th floor, 37 Hanrapetutyan Street, Yerevan.
Tel: 010-519921,
E-mail։ This e-mail address is being protected from spambots. You need JavaScript enabled to view it ,
Website: www.c-quadrat-ampega.am:

Last Updated: 27 August 2014
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