Request for proposals for Audit Firm (Financial Audit as Well as a Compliance and Performance Audit) Deadline to apply: Monday 5 January 2026 at 12:00 Hrs The scope of the audit includes a financial audit as well as a compliance and performance audit. The financial audit must be carried out in accordance with International Standards on Auditing (ISAs). Other frameworks of auditing than ISAs are accepted as a basis for the audit, provided these frameworks result in an audit equivalent to an audit planned and performed according to the ISAs and ISSAIs. This will require the audit company to plan and perform procedures based on risk assessment and materiality. Therefore, the audit company must: Identify and assess risks of material misstatement of the financial statements, whether due to fraud or error. Based on the risks identified, the auditor must design and perform relevant audit procedures to obtain sufficient and appropriate audit evidence to serve as the basis for the auditors opinion Obtain an understanding of the internal controls relevant to the audit in order to design appropriate audit procedures. The purpose is not to express an opinion on the effectiveness of the internal controls. In relation to funds granted through the MFA, these controls pertain in particular to costs, including costs related to activities funded by the MFA, recognised in the financial statements. Evaluate the appropriateness of the accounting policies used in the financial statements, including the reasonableness of estimates and related disclosures. In relation to funds granted through the MFA, this is particularly relevant for accounting policies regarding project costs. The specific audit procedures that may be relevant for the financial audit are specified further below. The performance and compliance audit must be carried out in accordance with relevant International Standards of Supreme Audit Institutions (ISSAIs). Therefore the audit company must: Examine and evaluate the functioning of management systems and business processes with special consideration to compliance and the principle of economy. Gain an understanding of the audited entity and its environment to identify relevant regulation and legislation. Consider the necessity and relevance to perform test of details regarding compliance and the principle of economy, effectiveness, efficiency. Evaluate and conclude on audit findings and prepare communication. The specific audit procedures that may be relevant for the performance and compliance audit are specified further below. The audit must be planned in order to facilitate the timely submission of audited financial statements in accordance with [International Standards on Auditing (ISA)]. This means that the audit is expected to take place in the period [16-02-2026 to 27-02-2026]. How to apply Submission documents Financial proposal Fees for assignment Bank account details (the documents should be issued, signed and stamped by the bank) Preferred payment terms (should mention flexibility to be compliant with PIL payment terms) Administrative documents Company profile + CVs of main Partners/senior management References (reflecting previous experience with at least 3 INGOs) Company registration documents MOF and/or TVA certificate ID of owner / senior manager The audit Companys experience with audits of donor-funded activities Describe the audit Companys internal quality assurance systems How to Apply Interested suppliers shall send in PDF form the below documents reflected in (submission documents) to the email address:
[email protected] Deadline to apply: Monday 5 January 2026 at 12:00 Hrs For any clarification, should be sent by email to:
[email protected] Deadline for clarifications: Tuesday 23 December 2025 at 13:00 Hrs Tender Link : https://www.daleel-madani.org/calls-for-proposal
