Request for Proposal For Provision Of External Audit Services For Afi

Request for proposals for Provision of External Audit Services for AFI The Alliance for Financial Inclusion (AFI) is a global policy leadership alliance that works to advance financial inclusion. A member-owned network of central banks and financial regulatory institutions in 83 countries, AFI connects and enables policymakers to develop effective initiatives to advance financial inclusion. Over the last 15 years, AFI members have introduced 1,130 financial inclusion policies, and financially included 1 billion people. AFIs philosophy is based on two key principles: that policies and regulations should be tailored to the country context, and that inclusivity should be at the center of the design of policy solutions. AFIs cooperative model accelerates progress via knowledge exchange and peer-to peer engagement. Through AFI Working Groups, Regional Initiatives, Knowledge Products and Capacity Building events, members connect, exchange and share insight in order to develop and implement effective policies. B. THE ASSIGNMENTS: This Terms of Reference (ToR) covers three separate assignments. The expected deliverables are: COMPONENT 1: Statutory Financial Audit COMPONENT 2: Project Audit for The Government of the Federal Republic of Germany BMZ MD-PIF Phase II COMPONENT 3: Project Audit for potential future funders, currently under proposal development stage. This engagement is a one (1) year contract with options to renew for another two years, subject to annual review. Proposer may participate in all three (3) COMPONENTS or two (2) COMPONENTS or single COMPONENT. Kindly refer administrative information below. AFI transitioned to become an independent organization owned and supported by its members in 2015. AFI registered in Malaysia as an international organization under the International Organizations (Privileges and Immunities) Act 1992, and our official independence being declared on 27 January 2016. AFIs operations and programs are funded through membership subscriptions and donor contributions. As part of AFIs strong governance framework, an annual statutory financial audit is to be conducted after its financial year end of 31 December. 1.2 Overall objective: The objectives of the audit are to examine in accordance with approved standards on auditing in Malaysia and report to the members of AFI on the financial statements. The auditor shall report to the members of AFI whether in its opinion, the financial statements have been properly drawn up in accordance with Malaysian Financial Reporting Standards (MFRS) and IFRS Accounting Standards, to give a true and fair view of the financial position of the Organization as at the date of balance sheet and of its financial performance and cash flows for the financial year. 1.3 Scope of Work: The audit shall be conducted in accordance with approved standards on auditing in Malaysia and International Standards on Auditing (ISAs). The auditor shall plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement and to issue an auditors report that includes its opinion. The audit shall include: 1.3.1 Identify and assess the risks of material misstatement of the financial statements of the Organization, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis of its opinion. Tender Link : https://www.developmentaid.org/#!/tenders/search

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