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Tender Details
- Country: Ethiopia
- Summary: Financial Audit
- ETT Ref No: 69113136
- Deadline: 29 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 Financial Audit. Objectives of the Audit 2.1 The overall objective of the audit is to provide EMwA with a reasonable assurance on the appropriate use of funds from Partner in accordance with the reporting standards of audit, Project agreement(s) and/or program document, work plan(s) and budgets. 2.2 The audit is to be conducted in accordance with International Auditing Standards appropriate to the nature of projects and in reference to the above stated (2.1) documents 2.3 The auditor expresses an opinion on whether the statement of expenditure for each program is presented fairly, in all material respects, in accordance with the existing accounting policy and the eligible expenditures incurred to implement activities in conformity with the terms of the project agreements, work plan or program document. 2.4 The statement of expenditure contains the transactions for the audit period and reports on the balance of any funds remaining unspent and due to the funding agency at the end of the project period. The transactions of the programs/projects are also to be checked against the bank account reconciliations. The bank accounts are the account held by the association into which funds were deposited for the projects contribution from members (membership fee) is deposited. The transactions are to be checked to determine whether they are adequately supported by appropriate documentation that evidences the validity of the transactions reported, and whether the goods and services procured have been received and used to implement the activities in line with the work plan or programs/projects- document. 2.5 The Auditor must also assess whether the amount reported on the statements of expenditure correspond to the amount recorded in the association-saccounting system and reconcile to the amounts reported on the FACE forms for the audit period. 2.7 The auditor also expresses an opinion whether the funds received from financing partners were used for the purpose intended in accordance with the work plans or projects- documents, approved budget, and the requirements of the applicable funding agreements. 2.8 The Audit Report must quantify the monetary value of the net financial impact of the audit observations and clearly identify the reasons for qualification if the audit opinion is Qualified, Adverse or Disclaimer. 2.9 The auditor also assesses EMwA-s key internal controls in the areas of project management, organizational structure and staffing, accounting policies and procedures, fixed assets and inventory, financial reporting and monitoring, and procurement and contract administration and reports on specific control weaknesses, audit observations and recommendations to address them, and indication of the risks associated with the weaknesses/observations. Engagement Context 3.1. The selection of Auditor is established based on a thorough assessment of qualifications and the ToR, as well as a competitive bidding process in accordance with EMwA-s procurement and contracting rules and regulations for commercial services in detail and make recommendation to rectify the differences. 3.2. The audit will be performed in the association-s (EMwA”s) head office, at location where the association maintains all documentation stated in this ToR .EMwA will identify a focal person responsible for liaising with the Auditor in order to ensure efficient coordination and establish deadlines. 3.3 The Auditor will obtain an understanding of the engagement context of the projects subject to this audit, on the basis of the agreements, work plan or projects document signed by financing partners and the association (EMwA) and the additional supplementary information to be provided as required. Interested bidders can submit their Financial & Technical proposal from Monday to Friday in the Morning 2:30 -6:30 & Afternoon 7:30 - 11:30 local time, to EMwA-s Office in Addis Ababa, around 22 on the way to Lem Hotel, Equatorial Guinea Road, behind Meklit building and Elsa Kollo within 10 (Ten) days of this announcement. For further information please contact our office through Tel: +251 116 18 92 75. The bid will be closed at 04:20 p.m. and opened at 04:30 p.m. in the Afternoon on Friday, July 29, 2022 at EMwA-s Head Office. EMwA reserves the right to cancel, to accept or reject the entire or partial part of this bid Category: Auditing Related Closing Date: 07/29/2022
- Documents :
Purchaser : ETHIOPIAN MIDWIVES ASSOCIATION /EMWA/
Emwa-s Office in Addis Ababa, around 22 on the Way to Lem Hotel, Equatorial Guinea Road, behind Meklit Building and Elsa Kollo
Tel: +251-116189275
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