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RFP - Statutory Financial Statement Audit for the Financial

Magenta FZE

Published

07 Oct 2026

Organization: Magenta FZEClosing date: 19 Oct 2026REQUEST FOR PROPOSALSStatutory Financial Statement Audit for the Financial Year Ending 31 December 2026 in Accordance with International Standards on Auditing and UAQ Free Trade Zone Requirements.To: Prospective BiddersFrom: MAGENTA FZERFP Reference Number: RFP-151026RFP Issue Date: 05/10/2026RFP Closing Date: 19/10/2026RFP Closing Time: 12PM GMT+3Solicitation POC Name: Raya RamoSolicitation POC Email: Raya@magentaconsulting.org1. Purpose of the ProcurementMAGENTA FZE (“MAGENTA” or “we” or “us”) is a commercial, for-profit Free Zone Establishment registered in the Umm Al Quwain Free Trade Zone (UAQ FTZ), United Arab Emirates, with a mission to create a world where people are empowered to make the best choices for a safe, healthy, and prosperous life. As part of accomplishing its mission, MAGENTA delivers services to certain governmental and not-for-profit organisations throughout the world. MAGENTA’s income includes service contracts and donor-funded grants, which are reflected in its financial statements.As a Free Zone Establishment registered in the UAQ FTZ, MAGENTA is seeking a qualified, independent auditor approved by the UAQ Free Trade Zone Authority to carry out the statutory audit of MAGENTA’s financial statements for the financial year ending 31 December 2026. The audited financial statements will support trade licence renewal and MAGENTA’s UAE Corporate Tax obligations under Federal Decree-Law No. 47 of 2022. The audit must be conducted in accordance with International Standards on Auditing (ISA), on financial statements prepared under International Financial Reporting Standards (IFRS).2. Eligibility to Respond and Receive an AwardTo be eligible for consideration for an award resulting from this solicitation, respondents must pass all minimum qualifications included within the “Instructions for Submitting Proposals” section.3. QuestionsAll questions regarding this procurement shall be directed to the Solicitation Point of Contact (POC) in writing. See the solicitation cover page for the POC’s name and contact information. MAGENTA will respond to questions via an amendment to this solicitation document, if necessary. No pre-proposal conference is planned or anticipated.4. Key DatesThe following table summarises key dates within the proposal cycle. The dates may only be changed by MAGENTA via a written modification to the solicitation.Clarification Questions Deadline: 09 October 2026Proposal Submission Deadline: 19 October 2026Project Start Date: 15 February 2027Audit Report Issuance and Submission Deadline: 15 April 20275. ContractMAGENTA anticipates awarding a fixed fee contract for the statutory audit of MAGENTA’s financial statements for the financial year ending 31 December 2026.MAGENTA reserves the right, at its sole discretion, to cancel the procurement, reject all bids or proposals, and/or to issue no contracts or awards as a result of this process.6. Option PeriodsAt MAGENTA’s sole discretion, the agreement with the audit firm may be renewed a maximum of three (3) times reflecting three (3) option periods.How to applyPlease review the full Terms of Reference (TOR), attached as a PDF to our LinkedIn post: here. The TOR includes eligibility criteria, proposal structure, page limits, formatting, and all submission requirements.Proposals must be submitted exclusively by email in PDF format to Raya@magentaconsulting.org, using the subject line “[Your Company Name] – FY2026 Statutory Audit”.Submission deadline: 12:00 noon (GMT+3) on Monday, 19 October 2026.LinkedIn is used only to publish the announcement and TOR. Proposals must not be submitted through LinkedIn or Recruit CRM. No hard copy submissions will be accepted.Note: Failure to comply with the TOR may result in the proposal being deemed non-responsive and the respondent being disqualified. Proposals received after the deadline will be disqualified.