100% Secure Payments
Tender Details
- Country: Somalia
- Summary: Audit Services
- SOT Ref No: 68583954
- Deadline: 17 Jul 2022
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: Public
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.:
- Purchaser's Detail :
- Description :
- Tenders are invited for Audit Services Accounting and Financial Management Information CARE Somalia/Somaliland processes are guided by Policies and Procedures contained in the CARE Operations Manual and the Finance Manual. The Operations Manuals documents policies on the following: Finance Procurement Asset Management Vehicle Management Per Diem and Lodging Lease Agreement Human Resources Budgeting Sub Grants CARE Somalia/Somaliland uses a financial management system known as People Soft. The system accommodates transacting in both foreign Currency and Base Currency which is US Dollars. Donor Funds received are coded to the relevant Fund code and expenses incurred are also charged to the relevant fund code hence allowing for expense tracking, monitoring and reporting. Procurement requests are raised by requestors across the organization regardless of their location. However, procurement and financial transactions processing are done in three hubs namely Hargeisa, Garowe and Mogadishu CARE SOMALIA/SOMALILAND follows USA GAAP/International accounting standards. Further, it follows the accounting guidelines as set out in the CARE Financial Manual and implements projects in conformity with Donor Standards and Regulations. The audit will examine the Balance Sheet records for CARE SOMALIA/SOMALILAND. The statements will be extracted from the financial system for the audit period 1st July 2021 to 30th June 2023 (2 financial periods). Specifically, the Audit will include but not limited to: Audit CARE Somalia/Somaliland Balance Sheet Report, Statement of Income and Expenditure covering the period 1st July 2021 to 30th June 2023. (2 Financial years) The audit will be carried out in accordance to the International Standards on Auditing. Obtain sufficient audit evidence to substantiate in all material respects the accuracy of the information contained in the financial statements. obtain an understanding of internal controls and perform tests of internal controls Perform procedures to determine whether CARE has complied with laws, rules and regulations Issue an independent Auditor-s Report that states but not limited to the following: An Opinion (or disclaimer of opinion) as to whether the Financial Statements present fairly in all material respects in conformity with the Generally Accepted Accounting Principles A report on internal controls which shall describe the scope of testing of internal controls and the results of the tests. A schedule of findings and questioned costs that includes a summary of the auditor-s results. 4.2 The Audit Report 4.2.1 Contents of Audit Report The Auditor should issue Audit Reports for CARE Somalia/Somaliland which will include but are not limited to the following: The Accounting Standards that have been applied and indicate the effect of any deviations from those standards The period covered by the Audit Opinion Income and Expenditure Statement Audit opinion stating whether the Income & Expenditure Statement and supporting schedules present fairly in all material aspects that the funds were utilized for the purposes intended. Audited financial statements in USD currency 4.2.2 Submission Date of the Audit Report The audit is scheduled to begin on 1st September 2022 covering the financial period 1st July 2021 to 30th June 2022. & 1st of August 2023 covering the financial period 1st July 22 to 30th June 2023. The Draft Audit Reports should be submitted by 1st October 2022 while the Signed Audit Reports should be submitted by 10th October 2022. How to apply Interested applicants must submit their proposals to SOM.Consultant@care.org on or before 17 July 2022 with the subject line indicating "ToR for CARE SOM FY22-23 Institutional Audit". Closing Date: 17 Jul 2022 Type: Consultancy
- Documents :
Purchaser : CARE INTERNATIONAL IN SOMALIA
Mogadishu
Email :SOM.Consultant@care.org
If you are registered member, kindly login to view full details of this tender notice:
CLICK HERE TO LOGIN
