The Malawi Accountants Board (MAB) is the regulatory authority for the accountancy profession in Malawi. The Board was established by the Public Accountants and Auditors Act (Cap 53:06) No. 5 of 2013 to regulate the reporting of financial matters and provide direct oversight over professional accountancy bodies and auditors in order to promote high quality reporting of financial and non financial information by entities, promote the highest professional standards amongst auditors and accountants to ensure compliance and enforcement of applicable local and international accounting and auditing standards. This is in line with Section 17 of the Public Accountants and Auditors Act No. 5 of 2013.
The Board therefore would like to engage a competent and capable organisation to develop an integrated ICT system software to be used in managing its operations.
2. SCOPE OF THE ASSIGNMENT