Background
NRECA International is an affiliate of the National Rural Electric Cooperative Association (NRECA) which represents America’s 900 electric cooperatives; many are located in rural parts of the United States. NRECA International was registered by the Agency for Civil Society Organization (ChSA) in Ethiopia and accorded legal personality on 27 May 2019.
NRECA is inviting qualified independent audit firms to submit a quotation for audit services in relation to their ChSA registration auditing requirements, for the year 2022. Applications should contain the information indicated in paragraphs 1 through 6 below. Please note that incomplete submissions may not be accepted.
Audit Strategies
This should be accompanied by a description of the audit approach and work plan to ensure adequate audit coverage of the NRECA annual accounts and financial statements, including consideration of the efficiency of financial procedures, the accounting system and internal financial control.
Audit fee
The justification for the fee proposed, including the linkages to the working months and the audit approach/strategies should be explained.
Working time
An estimate of the total time, in days and months, as well as by category of staff, that will be required to perform the audit annually and over the term of offices should be indicated. The external auditor will issue a report on the audit of the annual financial statements and relevant schedules.
Qualifications
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