Consultancy Services for External Audit of the Financial Statements

• Country: Rwanda
• Summary: Consultancy Services for External Audit of the Financial Statements
• RWT Ref No: 66776961
• Deadline: 30 May 2022
• Financier: World Bank (WB)
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.: RW-NELSAP -283366-CS-LCS
• Purchaser's Detail:
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• Description:
• Expression of Interest are invited for Consultancy Services for External Audit of the Financial Statements. The audit will be conducted in accordance with the International Standards of Auditing. The specific objectives of the audit are to: • Audit the financial statements relating to the Rusumo Project implementation as contractually committed and to ensure that the NELSAP is fully compliant with the project financing agreement contributions, funding requirements and other pertinent regulations; • Express an opinion on the adequacy or otherwise of the Rusumo Project financial management and operations of the Designated Account and in particular: o Verify all Interim Financial Reports(IFRs) including summary expenditure statements used as a basis for the submission of loan withdrawal applications to the World Bank, verify completeness, and accuracy of supporting documents; o Review the activities of the Designated Account associated; o Evaluate and obtain sufficient understanding of the internal control structure of NELSAP to assess control risk and identify issues which should be reported on, including material internal control weaknesses; o Perform tests to determine whether the NELSAP complied, in all material respects, with agreement terms and applicable laws and regulations. Any material instances of non-compliance and all indications of fraud should be identified and reported on. o Review the contract management of all works related transactions, to ensure that all advance, and retention are properly administered, and that performance, advance and/or retention guarantees are properly recorded, updated and there is a safety mechanism in place for the guarantees • Express an opinion as to whether all the funds have been provided and used in accordance with the relevant financing agreements, with due attention to economy and efficiency, and only for the purposes for which they were provided; • Express an opinion as to whether goods, works and services financed have been procured in accordance with the relevant financing agreements including specific provisions of the World Bank Procurement Policies and Procedures The audit firms shall be a firm member of Professional Accountant Organization recognized by IFAC, the International Federation of Accountants. The firm shall have at least 10 years- experience in the audit project financed by International Development Partners, or audit of international organizations, and minimum 5 year of experience of World Bank financed projects. The audit firm should have the capacity to deploy staff and resources in all three countries of Tanzania, Burundi and Rwanda The team composition should be such that the key staff is qualified, experienced and skilled to carry out the audit exercise. The audit team will comprise, at least: a) Team Leader/Financial Auditor with ACCA, CPA and at least a Master degree in auditing/accounting and minimum of 10 years- experience in auditing and with in-depth knowledge and experience of donor-financed projects. In addition, he/she should be a member of an accountancy professional body recognized by IFAC; b) Audit manager /financial auditor with at least a Master degree in auditing/accounting and a minimum of 7 years- experience in auditing; and auditing donor funded projects. He/she should be a fully qualified accountant and a member of an accountancy professional body recognized by IFAC. c) Senior Auditor /Financial Auditor. He/she should be a fully qualified accountant with a minimum of 3 years- experience in auditing donor funded projects. d) A financial auditor with part professional accountancy qualifications and a minimum of 2 years audit experience of organizations similar in size and scope to Rusumo project. Provisions for ensuring quality assurance should be guaranteed by way of having at least a partner, manager and audit seniors on the task. Where necessary a technical expert in the relevant area should be sought for the audit. The attention of interested Consultants is drawn to paragraph 1.9 of the World Bank-s Guidelines: Selection and Employment of Consultants under IBRD Loans and IDA Credits & Grants by World Bank Borrowers (“Consultant Guidelines”), setting forth the World Bank-s policy on conflict of interest. The consultant will be selected in accordance with the Least-Cost Selection method set out in the World Bank-s Guidelines: Selection and Employment of Consultants by World Bank Borrowers (January 2011 edition, Revised July 2014). Interested consultants may obtain further information at the address below during office hours. The audit firm should have the capacity to deploy staff and resources in all three countries of Tanzania (Ngara District, Burundi (Giteranyi & Busoni Communes) and Rwanda (Ngoma & Kirehe District) for auditing LADP activities funded by Rusumo Project.
• Documents:

 Tender Notice