Hope for Children Australia (HFC-Aus) is an Australian grass roots organization, working in Ethiopia on community based initiatives and focusing on education, health, and livelihoods.
HFC-Aus is pleased to invite qualified & registered Audit firms recognized by the office of the Federal Auditor General to submit their Technical & Financial (fee) proposal for auditing the books of account of the NGO for Fiscal year ending July 7, 2018.
HFC-Aus operational budget is approximately ETB 15 million for the 2017-18 financial year.
Objectives and Scope of Audit
The objective of the audit is for the auditors to conduct audit reviews as follows:
1. The auditors shall express an independent professional opinion as to whether the financial statements present fairly, in all material respects, the financial position of HFC-Aus in accordance with the Financial Reporting Standards INGO. and the requirements of the Charities and Societies (ChSA) Proclamation under 621/2009 in Ethiopia.
2. The audit shall be carried out in accordance with the International Standards. The auditors in their duties shall comply with the duties imposed upon them by the Audits Professions Act and the ChSA regulations in Ethiopia.
3. Management letter-The Auditors should submit a management letter after the completion of the audit in which auditors will:
4. The audit reports shall:
5. Responsibility for preparation of Financial Statements
HFC-Aus will do the adjudication after the proposal submission deadline. The selection criteria will include the following:
1. Eligibility
2. Technical and Financial proposal should include:
3. The HFC-Aus Reserves the Right to reject any and all proposals submitted.
4. Only shortlisted audit firms will be contacted. Please note that this advert contains full Terms of Reference, hence no further tender documents are available.