This Ramadan, #fjsunplugged has started Thashibari Movement among #fjsfamily Thashibari Movement is all about sharing home cooked food with extra love within #fjsfamily. To kick start this movement, Nassam has taken the initiative to pass it on to Inaz.

We hope to receive and exchange lots of delicious homemade foods each day within #fjsunplugged family.

Today, #fjsunplugged distributed Ramadan gift packs to the #fjsteam – A tradition started few years back by FJS and now continued by #fjsunplugged team.

We wish all our staff a very blessed month!

Our Unplugged team gathered for a fun filled Maahefun. We are looking forward to Ramadan 1442! Wishing all a blessed and peaceful Ramadan in the year 1442!

The Minister of Finance Mr. Ibrahim Ameer, launched the Procurement Procedures and Guidelines for State-Owned Enterprises of Maldives, at an event held on 7th April 2021. The Procurement Procedures and Guidelines for State-Owned Enterprises (SOEs) is part of an initiative to strengthen the governance and management of State-Owned Enterprises, by harmonizing and aligning SOE procurement policies with the Public Procurement regulations and guidelines.

The Procedures Guidelines will be issued by the Privatization and Corporatization Board of Maldives and was developed via assistance from the Word Bank. FJS was engaged to study the current procurement systems of SOEs and to develop the Guidelines. 

Once effective, the Guidelines will be applicable to non-PLC SOEs with over 50% government shares, for   procurement of goods, works and services whether in or outside Maldives, for and on behalf of the SOE.

This Guidelines is expected to provide guidance to officials responsible for procurement in the SOE sector. It is intended as policy and a guiding tool for the practice of procurement in SOEs, ensuring efficiency, and application of procurement best practices. It also serves to facilitate the standardization of procurement practice across all SOEs in the Maldives with a view to ensure an efficient and transparent procurement system that is central to good financial management and offers equal opportunities for eligible competitors.

The Guidelines gives procedural guidance and instructions on the many aspects of procurement and contracting, including standard and model documentation provided in Annexes. It is structured to allow the users to easily find practical information and guidance through the sequential stages of the procurement process, from planning to bidding. It also contains step by step guide for developing the tender documentation for the procurement of goods, works or services.

The Guidelines is divided into Chapters, each of which is broken down into Sections.

Under the new Guidelines, the Procurement function and operation must be audited by either the internal audit function of the SOE or an independent auditor for compliance with this Policy. The first audit must be done after two (2) years of initial implementation, and thereafter once every year. 

A quarterly procurement report detailing all the procurement activities with information including procurement value and winning parties must also be submitted to the Privatization and Corporatization Board of the Ministry of Finance.

To download a more detailed presentation on the Procurement Guidelines click below.

FJS has been appointed as the Internal Auditor for Covid_19 Emergency Income Support Project for the period ended 13^th May 2020 to 31^st December 2020, and for the years 2021 and 2022.  

MoED signed a contract with FJS on 05^th April 2021, FJS will be conducting internal audit of the Project on bi-annual basis for 2 years’ period. The internal audits will be focused on disbursement of funds, controls in place to verify the applications received, procurement procedures, and identifying potential risky areas of the Project

“Ask Expert” is a forum where professionals and specialists from a variety of fields share their views, experiences, and responded to questions from participants.

Co-founder and Psychologist at Thibaa Psychology, Ms.Aminath Nadha Shareef conducted the fifth session of Ask Expert on “Self-care and Relaxation Techniques”.

Thank you, Nadha, for the informative session and for teaching us relaxation techniques and making us aware of the importance of taking time for ourselves. We will certainly make use of these techniques.

FJS has been appointed as the Consultant for providing Internal Audit Services for FDC, a 100% state-owned company, for the year 2021.

With the agreement being signed on 17^th March 2021, FJS will be developing and executing risk-based internal audits, compliance check of the regulatory requirements, internal policies and procedures.

To commemorate the International Women’s Day 2021, we had a dialogue amongst our team on gender-based issues and challenges faced. Our team members participated in this conversation, which focused on gender-based issues, everyday challenges, concerns, and thoughts on how to make a difference.

Thank you, Inaz Mohamed, our Director of Climate Change and Sustainability Growth, for moderating this interactive session.

We chose to speak, we chose to listen, we chose to discuss and tried to understand gender biases faced by us daily. Together, we #ChoosetoChallenge the patriarchy. We are proud to be #GenerationEquality.

FJS is proud to become one of the first firms to receive audit license under the new quality-based audit licensing regime of CA Maldives. The historic day was marked on the 8^th March 2021 at a ceremony held at the Auditor General’s Office.

The Institute of Chartered Accountants of the Maldives (CA Maldives) was established under the Maldives Chartered Accountants Act (No. l3/2020) and is the new regulatory authority of the accountancy profession. CA Maldives is mandated to formulate and implement quality standards for professional accountants.

The new quality-based audit licensing regime is a much-awaited move made by CA Maldives, that will increase trust and confidence in the profession. We wish to extend our congratulations to CA Maldives on this historic achievement and we look forward to more such initiatives by the Institute.

FJS is proud that our Managing Partner, Assurance & Advisory, is a Council Member of CA Maldives and is actively working with the Institute towards the development of the accounting and audit profession in the Maldives.

FJS is a highly recognized, leading assurance and consultancy group, based in the Maldives, that works towards providing the right solutions to our clients including international development partners, government institutions, public and private corporations and small businesses. We provide a wide range of services from socio-economic research, policy consulting and development planning, to management advisory and audit services. Statutory audits are undertaken by one of the sister firms in the group, FJS Associates LLP.

Visit our website for more information or email info@fjs.mv.

FJS is a management consulting firm based in the Maldives. Since our inception in 2007, we have worked with various private and public sector organizations providing economic, social, financial and management consulting services for over a decade. Over the years, increasingly we have come to witness and advocate that the economic sustainability of our community, industry and businesses is intertwined with environmental sustainability and sustainable use of our natural resources.

We understand the growing demand of consumers expecting brands to be more ecologically responsible corporate citizens and to be more socially responsible holding ethical standards wherever they operate. With this growing demand coupled with the 2030 Agenda for Sustainable Development setting out a 15-year plan to achieve the Sustainable Development Goals (SDGs) addressing the global challenges including climate change and environmental degradation, we have now taken a keen interest in working towards achieving the SDGs. 

Maldives is at the frontlines where environment meets development and with this as our driving force, as our impetus, Mohamed Inaz joins FJS as the Director of Climate Change & Sustainable Development to head the Environment Sector.

Inaz has over 20 years of experience working on the field of environment, climate change, renewable energy and sustainable development in the Maldives, engaging with Government, local communities, private sector and international organisations. He was heading the Environment and Energy portfolio of UNDP Maldives for 8 years and was instrumental in managing & leading climate change related projects, low-emission and climate resilient programmes, disaster risk management programmes and ecosystem conservation projects. Inaz’s experience ranges from Environment Impact Assessments, disaster risk management, water resources, energy, waste management, conservation and other areas of sustainable development

We provide support to our clients to keep developing while they ensure they are caring for the environment much more and that the clients are delivering products and services that are ahead of time so that their businesses set new standards in supporting the fragile environment to thrive.

Our experts are pushing these boundaries through provision of experiences and providing our clients with policy interventions and advocacy on best practices in managing the natural ecosystems, in adopting renewable energy and energy efficiency solutions, in addressing the existential issue of climate change, and moving steadfast towards achieving the UN Sustainable Development Goals. Some of the areas we work with clients include Sustainable Strategy Development, Sustainability Alignment Assessment and GRI reporting.