Price offer for the provision of audit services by Independent Audit Company «Concord» LLP

1. Price offer for the provision of audit services by Independent Audit Company «Concord» LLP

2. Для внимания руководства Kazakhstan branch of the foreign company «Tek Know Holding ApS» Ex. No. 9 dated January 25, 2023  

Для внимания руководства
Kazakhstan branch of the foreign company «Tek Know Holding ApS»
Ex. No. 9 dated January 25, 2023
Dear sirs
Here is our price offer for verification of the accounting and tax accounting of the Kazakhstan branch of the foreign
company "Tech No Holding ApS" for 2022, compiled in accordance with IFRS and the requirements of the legislation
of the Republic of Kazakhstan.
The choice of «IAC «Concord» LLP will provide you::
reasonableness and balanced of decisions with a team with extensive experience in working with insurance companies;
a proactive approach to identifying and solving a problem, allowing you to find the right solutions to your problems in the
shortest possible time;
provision of services providing that ensures not only effective receipt of a reliable conclusion, but also useful comments
and recommendations for management;
rational value for money, not only due to the reasonable cost of services, but also due to the timely execution of the provision of
services providing within the established deadlines with the most efficient use of management time.
We hope that our proposed pricing policy will meet your expectations, as well as hope for further mutually beneficial cooperation
and will be happy to discuss with you our price proposal, as well as consider any questions at a convenient time for you.
Regards,
General Director of «IAC «Concord» LLP
Slambekova R.Zh.
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3. Content

Regulation of auditing activities
Government license
Services provided by «IAC «Concord» LLP
Membership in a Professional Auditing Organization
«IAC «Concord» LLP today
Advantages of choosing «IAC «Concord» LLP as an auditor
Our clients
Our professional team 14-17
Audit methodology of «IAC «Concord» LLP
Audit stages
Quality control and business reputation of «IAC «Concord» LLP
Compliance with ethical standards
By ordering an audit of financial statements, you get
Cost of the service terms of completion of the audit
Our office in Almaty
Conclusion
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4. Regulation of auditing activities

The main regulatory legal act regulating auditing activities is the Law of the Republic of
Kazakhstan "On Auditing Activities" No. 304-I dated 20.11.1998.
The audit activity of «IAC Concord» LLP and its employees is regulated by:
•State license to engage in auditing activities No. 0000084, issued by the Ministry of
Finance of the Republic of Kazakhstan on 05.03.2012;
•The legislation of the Republic of Kazakhstan on auditing activities;
•International Standards on Auditing (IAS);
•The Code of Ethics of Professional Accountants;
•Company-wide standards and Methodology of the Company.
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5. Government license

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6. Services provided by «IAC «Concord» LLP

ТОО IAC «Concord» LLP conducts an audit of the financial statements of organizations in
various sectors of the economy. In addition to the audit in accordance with Article 3 of the Law of
the Republic of Kazakhstan «On Auditing Activities» No. 304-I dated 20.11.1998 (with
amendments and additions) The company can also provide the following services according to the
profile of its activity:
Audit of financial
statements
Special
purpose
audit
Due Diligence
Audit
services:
related
Overview of financial
statements
Checking the correctness of
accounting and tax
accounting
Audit of tax reporting
Agreed procedures
Audit support
Testing of the internal control
system
Compilation
Development and updating of
accounting policy and tax
accounting policy (incl. a
complete list of all registers)
Transformation of balance
sheet items during the
transition from NFRS to
IFRS
Assistance in the preparation
of financial statements in
accordance with IFRS
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7. Membership in a Professional Auditing Organization

The
non-governmental regulatory body is the Professional Auditin Organization
«Chamber of Auditors of the Republic of Kazakhstan».
IAC Concord LLP is a member of the Professional Auditing Organization «Chamber of
Auditors of the Republic of Kazakhstan», accredited by the Ministry of Finance of the
Republic of Kazakhstan, and has a certificate of recognition of a legal entity as a member
of a Professional Auditing Organization with the rights, duties and responsibilities
provided for by the Charter and the Code of Ethics of Auditors (registration No. 125-A
dated 03.05.2012).
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8. Membership in a Professional Auditing Organization

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9. «IAC «Concord» LLP today

«IAC «Concord» LLP - one of the largest audit companies in Kazakhstan, flexibly responding
to all external changes, dynamic, competent and experienced team.
«IAC «Concord» LLP It is one of the leading Kazakhstani audit companies that successfully
compete with international audit companies that are part of the Big FOUR.
«IAC «Concord» LLP was included in the list of audit organizations recognized by the
Exchange that meet the qualification requirements for audit organizations for admission of
financial instruments to the special trading platform of the regional financial center of Almaty
by the decision of the Committee of the Board of Directors on Financial Reporting and Audit
of Issuers of Kazakhstan Stock Exchange JSC (KASE).
Besides, «IAC «Concord» LLP - has a certificate of «Quality Management Systems» ISO 90012016.
We have passed external quality control of the audit services provided, as a result of which we
received a high rating of 5, which means that the activity of the audit organization is sufficient
to ensure the quality of the audit at the proper level and is aimed at compliance with the
requirements of the ISA and the Code of Ethics of Professional Accountants (IFAC).
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10. Advantages of choosing «IAC «Concord» LLP as an auditor

❖ Personal responsibility of Management «IAC «Concord» LLP :
Compliance with the established deadlines;
Timely resolution of key issues;
Business reputation and stability of «IAC «Concord» LLP ;
A team of highly qualified professionals.
❖ Global approach – individual solutions:
Priority in the work of the management of «IAC «Concord» LLP with global clients as a decisionmaking center;
The use of an integrated approach to audit, the distinctive feature of which is flexibility, allowing to take into
account the individual needs of the client and provide services taking into account all the features of his
business.
❖ Our experience and understanding of the business:
Deep understanding of the industry as well as the inherent risks;
A fresh look and ideas that bring additional benefits to the business of the audited company, as part of
the audit;
We do not recruit customers by quantity. We are looking for reliable partners, so the order is carried
out for each partner individually with a focus on results and is never formal.
❖ Our guarantees:
All services are provided by us at the level of high professional regulations and standards of our
company's Methodology with the use of a multi-level quality control system;
The civil liability of «IAC «Concord» LLP is insured in a reliable insurance company.
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11.

High potential of
our personnel
Our guarantees
for the customer
Your advantage
Complexity of the
approach
Service support
after the audit
We will help solve problems
related to control systems,
financial reporting and other
issues affecting the success of
our clients' business!!!
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12. Our clients

The clients of «IAC «Concord» LLP are enterprises operating in the field of construction,
production, trade, information systems, pharmaceuticals, education, subsoil use, finance and
others.
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13. Client location map

We provide audit services to clients all over Kazakhstan:
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14. Our professional team

The team consists of successful, responsible professionals who have repeatedly
proven their qualifications: auditors, accountants, economists, lawyers,
management specialists with many years of experience working with enterprises of
various forms of ownership and activities, as well as deep knowledge of
international financial reporting standards, understanding the specifics of your
Company's industry. Each of the employees of «IAC «Concord» LLP is an
important link in our common professional work.
The specialists of «IAC «Concord» LLP have knowledge confirmed by
international and national certification in the field of accounting and auditing
(Auditor of the Republic of Kazakhstan, ACCA, CPA, DipIFR ACCA, CAP,
Professional Accountant of the Republic of Kazakhstan, tax consultant), as well as
sufficient professional experience to perform the work efficiently.
The staff of «IAC «Concord» LLP employs 10 auditors who have a qualification
certificate Auditor of the Republic of Kazakhstan.
The company attaches great importance to continuous professional training of
employees. Seminars and trainings organized by the Company for its employees
and clients are regularly held on amendments to IFRS, topical issues of financial
and economic activities of enterprises, taxation and other issues that interest the
client.
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15. Company Management

Slambekova Raigul Zhandarbekovna
Founder, CEO, Auditor, member of PJSC «Chamber of Auditors of the
Republic of Kazakhstan»
Qualification certificate of the Auditor of the Republic of Kazakhstan
No. MF-0000100 dated 03.09.2012.;
The ACCA Diploma in International Financial Reporting (DipIFR
Russian), No. 1768105, 09.12.2010;
Certificate of the tax consultant of the Republic of Kazakhstan of the
1st category No. 00664, 16.11.2015;
Certificate of professional accountant No. 0000146 dated 15.11.2010
Mukhametzhanova Zhanar Talgatbekovna
Managing Partner, auditor, member of PJSC «Chamber of Auditors of
the Republic of Kazakhstan»
Qualification certificate of the Auditor of the Republic of
Kazakhstan No. 0000236 dated 09.04.1996;
Diploma ACCA Diploma in International Financial Reporting
(DipIFR of Russia), No. 1802945, 09.06.2011;
Certificate of the tax consultant of the Republic of Kazakhstan of the
1st category No. 00667, 16.11.2015;
Certificate of professional accountant No. 000083, 14.11.2011
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16. Composition of the audit team

Sarbasov Sauran Baglanovich
Mailybayeva Gulnara Sapargalievna
Auditor, member of PJSC «Chamber of Auditors of
the Republic of Kazakhstan»
Qualification Certificate of the Auditor of the
Republic of Kazakhstan No. MF-0000194, dated
06.08.2014;
International Certificate Member
of
the
Association of Chartered Certified Accountants
(ACCA), No. 00906797, 28.04.2011;
International Certificate Certified Professional
Accountant of British Columbia (CPA), No. 31,
01.01.2018.
Auditor, member of PJSC «Chamber of Auditors of the
Republic of Kazakhstan»
Qualification certificate of the Auditor of the
Republic of Kazakhstan No. MF-0001150 dated
18.08.2020;
International
Certificate
Member of the
Association Association of Chartered Certified
Accountants (ACCA), No. 2080614, 09.19.2013;
International Certificate Certified Professional
Accountant of British Columbia(CPA), No. XX,
01.12.2015.
Kairanova Tolkyn Muhametkalievna
Shevernitskaya Tamara Yurievna
Auditor, member of PJSC «Chamber of Auditors of
the Republic of Kazakhstan»
Qualification Certificate of the Auditor of the
Republic of Kazakhstan No. MF-0000525 dated
16.01.2018 г.;
International Certificate Member of the
Association Association of Chartered Certified
Accountants (ACCA) No. 0962263, 20.06.2015;
Certificate of professional accountant, No.
000709, 03.01.2019.
Auditor, member of PJSC «Chamber of Auditors of the
Republic of Kazakhstan»
Qualification certificate of the Auditor of the
Republic of Kazakhstan No. 0000585 dated
18.08.2006;
The ACCA Diploma in International Financial
Reporting (DipIFR Russian) dated 10.12.2009;
CIPA Certificate, No. 0000124 dated 12.16.2006;
Certificate of professional accountant, No.
000556, 02.15.2013.
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17. Composition of the audit team

Rakhimberlinova Zhanar Zhandarbekovna
Slambekov Azamat Sanatayuly
Auditor, member of PJSC «Chamber of Auditors of
the Republic of Kazakhstan»
Qualification certificate of the Auditor of the
Republic of Kazakhstan No. MF-0000112 dated
03.09.2012;
The ACCA Diploma in International Financial
Reporting (DipIFR Russian), № 1767985 dated
09.12.2010 ;
Certificate of the tax consultant of the Republic
of Kazakhstan of the 1st category No. 00665
dated 16.11.2015;
Certificate of professional accountant No.
0000142 dated 15.11.2010
Auditor, member of PJSC «Chamber of Auditors of
the Republic of Kazakhstan»
Qualification certificate of the auditor of the
Republic of Kazakhstan No. MF 0001037 dated
20.02.2020;
Certificate of professional accountant No. 001705
dated 28.10.2016;
Certificate of the tax consultant of the Republic of
Kazakhstan of the 1st category No. 001411 dated
27.03.2019.
Rudina Alina Andreevna
Супиева Наргиза Хамраевна
Auditor, member of PJSC «Chamber of Auditors of
the Republic of Kazakhstan»
Qualification certificate of the Auditor of the
Republic of Kazakhstan No. MF 0001361 dated
21.01.2021;
Certificate of professional accountant No.
0001714 dated 27.01.2017;
Certificate of the tax consultant of the Republic
of Kazakhstan of the 1st category No. 001409
dated 27.03.2019.
Auditor, member of PJSC «Chamber of Auditors of
the Republic of Kazakhstan»
Qualification certificate of the Auditor of the
Republic of Kazakhstan No. MF 0001484 dated
17.03.2021 г.;
Certificate of professional accountant No. BSB 00736 dated 02.08.2019 г.;
Certificate of the tax consultant of the Republic
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of Kazakhstan of the 1st category No. 001415
dated 27.03.2019 г.

18. Audit methodology of «IAC «Concord» LLP

General overview of the Audit Methodology
The provision of high-quality audit services, in accordance with current
professional standards, is the guiding principle of the Audit Methodology
of «IAC «Concord» LLP . Our Methodology serves as a means of
controlling the services we provide and acts as a guarantor of a highquality, independent audit.
The approach of our Audit Methodology ensures a holistic audit of your
Company « without surprises» , which:
Максимизирует знания отраслевых вопросов, стратегических рисков,
бизнес-процессов и требований к представлению отчетности;
Maximizes knowledge of industry issues, strategic risks, business
processes and reporting requirements;
Focuses on the most significant risks in your financial statements;
Understands the importance of the control system, including the
information technology control system, in the functioning of your
Company as a whole.
We have considerable experience in providing audit services, the purpose
of which is to use our knowledge and experience for the benefit of our
clients.
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19. Audit stages

1.
Planning
Implementation of risk assessment procedures, identification of specific risks;
Development of audit strategy, identification of critical accounting objects;
Development of an audit approach.
2. Evaluation of the internal control system
Study of the accounting system and preparation of financial statements;
Assessment of the organization and functioning of the selected controls;
Testing the effectiveness of selected controls;
Assessment of the risk of non-detection of errors and distortions by applying
control procedures.
3.
Detailed verification procedures
Planning and selection of detailed procedures;
Performing detailed procedures;
Assessment of whether audit evidence is sufficient and credible;
Formulation of conclusions on critical accounting objects.
4.
Completion of the audit
Implementation of procedures for the completion of the audit;
Conducting a general assessment of the financial statements and the
information disclosed therein;
Preparation of the auditor's report.
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20. Quality control and business reputation of «IAC «Concord» LLP

The business reputation of «IAC «Concord» LLP is based
on the principles of activity, a system of values and a code
of professional conduct. During the work in the market of
the Republic of Kazakhstan, our company has confirmed
and strengthened its business reputation, as it has always
attached the most important importance to the issues of
business integrity and independence of the auditor. One of
the main aspects of our business strategy was to gain an
impeccable reputation, which performs the functions of an
auditor with all care and at the proper level. In all
situations when we faced the need for choice, we chose the
path of business decency and independence.
«IAC «Concord» LLP pays close attention to the
implementation of audit quality control, which provides
for a wide range of measures aimed at ensuring the
integrity and objectivity of employees when performing
work to achieve high quality audit.
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21. Compliance with ethical standards

Independence
Confidentiality
«IAC «Concord» LLP has
the opportunity to perform the
above works at the level of high
professional and ethical
standards.
Compliance with these
standards ensures:
Disclosure of
significant
factors
Objectivity
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22. By ordering an audit of financial statements, you get

For participants
• An audit report on the reliability of financial
statements, which allows the reporting user to draw
correct conclusions about the financial position of
the company based on the data of the report.
For guidance
• An internal report containing the main problems
negatively affecting the internal control system of the
organization, as well as affecting financial stability
or entailing tax and other risks.
For the financial
service
• Information on the full list of deviations identified
during the audit in the accounting methodology and
taxation of the organization from the norms of
legislation and recommendations for the elimination
of these inconsistencies.
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23. Cost of services

The cost of our audit services is based on current rates and interest in this project and in your Company as
a valuable client for us.
The name of the client and the type of services provided
Cost of services, tenge
Verification of the accounting and tax accounting
of the Kazakhstan branch of the foreign company
«Tech No Holding ApS» for 2022, compiled in accordance
with IFRS and the requirements of the legislation of
the Republic of Kazakhstan.
2 800 000 (Two million eight hundred
thousand) tenge, including VAT.
The cost of services does not include travel
expenses. The costs associated with the possible
secondment of the Contractor's employees
outside the city of Almaty are paid by the
Customer additionally upon the fact.
.
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24. Deadlines for completion of the audit and payment procedure

Service delivery period:
Preliminary June-July 2023.
The cost of services is calculated by us solely taking into account the fact that the work will be carried out
in compliance with the assumptions listed below, as well as subject to the active participation and
interaction at all relevant levels of your staff with our specialists in the audit process:
Constant access to the necessary information and Guidance will be provided;
The Company's staff will provide all possible assistance to the team of auditors;
The previously agreed audit schedule will be observed, including working hours in the
Company's office and the provision of key information.;
There will be no significant changes in the structure of the Company and the volume of their
operations, which can significantly increase the volume of planned audit procedures.
Payment procedure: prepayment - 50% of the total cost, the remaining 50% - after signing the act of
completed works.
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25. Our office in Almaty

Our office in Almaty:
, 140 Aimanova str., room 8a
Phone number: (727) 225 81 25, 225 81 35
cellular phone: +7 (707) 910 71 44
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26. Conclusion

Consideration of the client's interests and requirements
The Company's management will have a full opportunity to openly express their opinion about the work of
our specialists and the quality of their services. All the comments and suggestions made will be taken into
account in the planning process and the distribution of responsibilities in the future. «IAC « Concord» LLP
attaches great importance to establishing constructive business relationships with customers, considering it as
an integral part of our business.
Conclusion
We understand that the appointment of an auditor is a very difficult issue, and we are fully aware of the
importance of such a step. By sending you our offer of cooperation, we hope that we were able to highlight all
the main issues, took into account all the requirements and tasks facing the Company, and also clearly
demonstrated our responsible approach to audit and self-confidence as professionals in their field. Our
business philosophy is based on people and ideas.
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