BACK GROUND
Save the Children is the world's leading independent organization for children. Our vision is a world in which every child attains the right to survival, protection, development and participation. Our mission is to inspire breakthroughs in the way the world treats children and to achieve immediate and lasting change in their lives.
The objective of the audit is to provide an independent professional opinion on the award financial statements, which includes an opinion on the eligibility of expenditure and compliance with the relevant legal agreements as per the TOR Audit instructions.
Save the Children International Ethiopian Country Office has been carrying project namely: Support to Early Recovery and Socio-Economic Stability of the drought affected population in Ethiopia and agreement no. ICSP/2016/373-502 being implemented from June 1, 2017 to April 30, 2018 with total expenditure of approximately around EURO 2,800,000.00
OBJECTIVE OF THE AUDIT
The objective of the audit is to provide an independent professional opinion on the award financial statements, which includes an opinion on the eligibility of expenditure and compliance with the relevant legal agreements with the EC - European Commission.
PROJECT FINACILA STATMENT
The responsibility of preparing the financial statements rests with the SCI. The auditors will express a professional opinion on the true and fair view of the project’s position and operations.
The audit verification should consider the Audit instruction for projects EC - European Commission can be collected from Save the Children International Ethiopia Country Office.
The auditor must be impartial and independent from all aspects of management or financial interests in the entity being audited. The auditor should not, during the period covered by the audit nor during the undertaking of the audit, be employed by, serve as director for, or have any financial or close business relationships with any senior participant in the management of the entity. It may be appropriate to remind an auditor of any existing statutory requirements relating to independence and to require an auditor to disclose any relationship that might possibly compromise his/her independence.
The auditor should be experienced in applying either ISA or INTOSAI audit standards, whichever is applicable for the audit. The auditor must employ adequate staff with appropriate professional qualifications and suitable experience with ISA or INTOSAI standards, with knowledge of local accounting procedures including experience in auditing the accounts of entities comparable in size and complexity to the entity being audited. The audit team leader should have at least 5 years of relevant professional experience and the other team members should have at least 2 years of relevant professional experience.
Curriculum vitae (CVs) should be provided by the principal of the firm of auditors who would be responsible for signing the opinion, together with the CVs of managers, supervisors and key personnel proposed as part of the audit team.
CVs should include details on audits carried out by the applicable staff, including ongoing assignments indicating capability and capacity to undertake the audit.
The proposal must include and accompanied by:
1. Technical and financial proposal including time frame required to complete the audit work including the final audit submission date
2. Renewed business license for the year 2018;
3. Audit certification License
4. VAT registration certificate