BACKGROUND
Solidaridad is a global civil society organization that provides market driven solutions for sustainable production practices across different supply chains. With 50 years of experience Globally in facilitating the development of socially responsible, ecologically sound and profitable supply chains, Solidaridad is a frontrunner in the area of sustainable economic development.
Solidaridad established a country office in Ethiopia since November 2015 with registration # 3531. The office re-registered on July 11, 2019 under the CSO proclamation 1113/2019. Solidaridad Ethiopia is currently implementing initiatives in the cotton, textile, leather and dairy sectors in collaboration with the Ethiopian government and private sector partners & stakeholders.
Solidaridad has an average annual income and expenditure ranging from 35 to 45 million ETB
Solidaridad is seeking the services of an independent external auditor to carry out audits of its financial statements. The auditor will be appointed to conduct audits of the fiscal year January 1st 2022 December 31st 2022.
The continued engagement of the auditor is subject to satisfactory performance and the timely submission of audit reports in accordance with the engagement.
OBJECTIVES 0F THE AUDIT
The objective of the audit of Solidaridads’s financial statements is to enable the auditors to express an independent professional opinion on (i) whether the financial statements (including the notes thereto and supplementary statements) present fairly, in all material respects, (or give a true and fair view of) the financial position, and its cash flows, in conformity with the accounting standards (ii) whether the funds of the organization have been used for their intended purposes (iii) whether the books of accounts of the organization provide the basis for preparation of the Financial Statements (iv) whether proper books of accounts as required by law have been maintained and (v) whether the organization maintain adequate internal controls and supporting documentation for the transactions.
ACCOUNTING STANDARDS
The financial statements will be prepared on a modified cash basis of accounting in accordance Generally Accepted Accounting Principles (GAAP).
MANAGEMENT RESPONSIBILTY
Solidaridad is responsible for preparing and fairly presenting its financial statements including adequacy of disclosure, and for maintaining sufficient internal controls to ensure that the financial statements are free from material misstatement, whether due to fraud or error.
The project’s books of accounts provide the basis for preparation of the financial statements and are established to reflect the financial transactions in respect of the activities. This includes maintenance of adequate accounting records and supporting documentation for transactions, selection and application of accounting policies, and safeguarding of project assets.
AUDITING STANDARDS
The auditor will carry out the audit in accordance with International Standards of Auditing, and local Standards of Supreme Audit Institutions.
AUDITORS RESPONSIBILTY
AUDIT DURATION
The audit work shall be completed within two weeks from the date of commencement of the audit.
DELIVERABLES
The Auditors on completion of the audit work will submit 3 (Thee) original copies of the Audit Report appended to the Financial Statements along with the reports to the attention of the Management .
Management letter in accordance with the scope of work described.
Award or Evaluation Criteria
SN | Criteria | Score |
1 | Financial | 30% |
2 | Technical | 70% |
AUDITOR QUALIFICATIONS
The auditor must satisfy the following minimum requirements:
OTHER MATTERS
Essential (exclusion) Criteria