Request for Proposal For Appointment Of External Auditors

Request for proposals for Appointment of External Auditors About Corruption Watch Corruption Watch is an independent, non-profit organisation committed to strengthening transparency, accountability and ethical governance in South Africa. The organisation encourages the public to report corruption, undertakes strategic investigations and litigation, promotes accountability through advocacy, and works collaboratively with civil society, government and other stakeholders to combat corruption. Good governance, sound financial management and accountability are fundamental to achieving the organisations mission and maintaining the confidence of donors, partners and the public. 3. Organisational Profile Item Information Legal Status Non-Profit Company (RF) NPC Registration Number K2011/118829/08 Public Benefit Organisation Registered VAT Registration 4480259748 Financial Reporting Framework IFRS for SMEs Financial Year-End 31 December Governance Board of Directors supported by the Finance, Audit and Risk Committee Funding Model Primarily donor funded Annual Operating Budget Approximately R40R50 million (subject to donor funding) Principal Activities Anti-corruption advocacy, investigations, strategic litigation, research and public education Corruption Watch operates in a complex donor-funded environment and is accountable to multiple stakeholders through robust governance, transparent financial reporting and sound internal controls. Purpose of this Request for Proposal The purpose of this RFP is to appoint an independent external audit firm to undertake the annual statutory audit of Corruption Watch. The successful firm will provide an independent opinion on whether the Annual Financial Statements fairly present the financial position, financial performance and cash flows of the organisation in accordance with International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The appointed auditors will also support the Finance, Audit and Risk Committee through constructive engagement and value-added recommendations that strengthen governance and internal controls. 5. Scope of Services The successful audit firm will be required to: Conduct the annual statutory audit. Audit the Annual Financial Statements prepared under IFRS for SMEs. Conduct the audit in accordance with International Standards on Auditing. Evaluate internal financial controls. Consider fraud risks and report any reportable irregularities where applicable. Assess compliance with applicable legislation and donor requirements relevant to the statutory audit. Communicate significant audit findings. Present audit findings to Management. Present the audit results to the Finance, Audit and Risk Committee. Attend Board meetings where requested. 2. Purpose of the Appointment The purpose of this appointment is to provide independent assurance that the Annual Financial Statements: fairly present the financial position of Corruption Watch; comply with International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs); and have been prepared in accordance with applicable legislation and recognised accounting principles. The appointment should also provide constructive recommendations that strengthen governance, financial management and internal controls. 3. Audit Objectives The appointed external auditors shall: Express an independent audit opinion. Perform the audit in accordance with International Standards on Auditing (ISA). Assess whether the Annual Financial Statements have been prepared in accordance with IFRS for SMEs. Evaluate the adequacy of internal financial controls. Consider fraud risk in accordance with ISA 240. Assess compliance with applicable legislation. Communicate significant audit matters Tender Link : https://ngopulse.net/ads/category/calls-for-proposal