Advert for Auditors Professional6 days ago - Contracts and Bids - Abuja - 20 views
An Abuja-based NGOis currently require the services of suitably qualified candidates/firm to conduct its financial audit for the year ending December 2018:
The objective of the audit is for the auditors to express an independent professional opinion as to whether the financial statements present fairly, in all material respects the financial position of the NGO.
The audit shall be carried out in accordance with the International Standards on Auditing (ISAs)and laws of Nigeria.
The audit should include but not limited to the following:
- That funds have been used with due attention to efficiency and economy, and only for the purposes for which funding was provided.
- Review income and expenditure statement for the period
- An appropriate management structure, internal controls and record keeping systems are maintained and can be relied upon.
- Test a sample (max 20%) of invoices by employing monetary unit sampling methodology.
- All assets financed by NGO funds physically exist and used for intended purposes.
- Opening and closing balances.
- The selected auditors would be expected to prepare an audit report issued in soft copy and 10 hard copies and a management letter
Qualification and Experience
- The auditor shall be registered and have a license with the Institute of Chartered Accountants of Nigeria (ICAN) and must demonstrate that S/He employs adequate staff with appropriate professional qualifications and with suitable experience in accounting and auditing the accounts of NGOs.
- The Auditors commit to disclose any relationship that might possibly compromise their independence.
- Demonstrate sufficient knowledge of relevant laws, regulations and rules in Nigeria. This includes but is not limited to taxation, corporate governance and labour regulations, accounting and reporting
- The key audit team will comprise, at least:
- An audit manager with at least 10 years experience in auditing and with a sound knowledge of donor-financed projects.
- A member of a recognized accountancy professional body;
- A team leader with at least a Masters' degree in Auditing/Accounting or equivalent with a minimum of 5 years’ experience in auditing and;
- An assistant auditor with adequate experience and professional qualifications.
How to Apply
Interested and qualified candidates should submit a Proposal not more than 10 pages in totaland include the "Auditor or Auditor Firm’s full Legal Name, Office Physical Address(es), Contact Numbers, Emails; TIN (Tax Identification Number)and Company Registration Number and/or Licence Number" by email to RFPPanel at: socialjusticeNGO@outlook.com Proposals to be clearly marked in tie subject line as "Audit RFP".
- A firm’s submission must include list of names of proposed team members and their qualifications.
- A list of similar NGOs served by your firm. Detailed audit plan/methodology including your approach to risk and fraud detection
- Your staff assignments (if any) and availability to complete the audit on a timely basis; and estimated number of days to complete the audit.
- The proposal should clearly show a breakdown of all costs and separate the professional fees from reimbursable costs.
- Costs should be quoted in NGN (Nigerian Naira). Please note that professional costs are liable to withholding tax, so this must be included in your costing.
- In addition, send a copy of the company registration or licence certificate with the proposal.
- Only shortlisted audit firms will be contacted for the next stage. Please note that this advert contains full Terms of Reference, hence no further tender documents are available.
Application Closing Date 5:00pm; 18th March, 2019.