Tenders Are Invited For Auditing Service

Quotation Are Invited For Auditing Service Request For Quotation For Auditing Service Reference Number 20 08 20191 Background Introduction1 1 About Forum Syd Forum Syd Liberia Fsl Is A Swedish Non Profit Member Based Civil Society Organization That Contributes To Strengthening A Pluralistic Civil Society And Empowering People Using A Human Rights Based Approach And Comprises Of 150 Swedish Civil Society Organizations Forum SydS Operations Consists Of Actions In Four Main Areas Development Cooperation Sub Grants Advocacy And Capacity Development In These Areas Forum Syd Engages Hundreds Of Projects Around The World And Its Work Is Guided By Its Rights Based Theory Of Change Organized Rights Holders Civil Society And Duty Bearers Are Supported To Use Human Rights Instruments Analysis Of Power Relations Context Knowledge And Strategic Partnership To Address Change In Attitude Behavior Relation And Work Methods To Achieve Its Vision For A Just And Sustainable World Where All People Have The Power To Affect Change Forum Syd Has More Than 20 Years Of Experience Of Peacebuilding And Post Conflict Work In Countries Such As Nicaragua Colombia Guatemala Cambodia Liberia Somalia And The Balkans To Name A Few Countries Forum Syd Is A Strong Niche For Pro Poor And Rights Based Participation In Development Including Tools For Genuine Participation From Its Partnership With Csos In Africa Asia Europe And Latin America Forum Syd Has Built Experience In Participation And Influence Of Civil Society Actors And To Build Trust And Create Constructive Communication Channels Between Rights Holders Institutions Of State And Other Duty Bearers This Experience Is Vital To The Liberian Context Forum Syd Has Since 2001 Provided A Total Of Sek 13 Million To Cooperation Projects Between Swedish And Liberian Civil Society Organizations Csos In The Areas Of Human Rights And Democracy Gender Equality Hiv Aids Education Culture Health As Well As Support To The Un Association In Liberia In 2012 The Embassy Of Sweden In Monrovia And Forum Syd Began A Dialogue To Involve Forum Syd In The Support To Civil Society In Liberia This Dialogue Resulted In The Embassy Supporting Forum Syd With A 12 Month Pre Study In 2016 2017 With The Overarching Objective To Expand Forum SydS Operations In Supporting Civil Society Development In Liberia Through A Multi Annual Rights Based Programme And Long Term Strategic Presence Forum Syd Conducted The Study In Closed Dialogue And Collaboration With Key Csos Including Community Based Organizations Cbos And Other Stakeholders In Nine Of LiberiaS 15 Counties Bomi Bong Gbarpolu Grand Bassa Grand Cape Mount Grand Gedeh Margibi Montserrado Rural And Nimba Counties Based On The Results Of The Study Forum Syd Has For The First Time Begun Direct Operations And Support To Civil Society In Liberia Introduction And Term Of ReferenceForum Syd Wishes To Engage The Services Of An Audit Firm For The Purpose Of Auditing TheSustainable Ownership Empowering Communities And Civil Society In Liberia As Stipulated In TheAgreement Between Forum Syd And Sida The Audit Shall Be Carried Out In Accordance WithInternational Audit Standards Issued By Iaasb1 The Audit Shall Be Carried Out By An External Independent And Qualified Auditor I Objectives And Scope Of The AuditThe Objective Is To Audit The Financial Report For The Period 2019 01 01 To 2019 05 31 AsSubmitted To Sida And To Express An Audit Opinion According To Isa 800 805 On Whether TheFinancial Report Of Sustainable Ownership Empowering Communities And Civil Society In LiberiaIs In Accordance With Sida S Instruction For Financial Reporting As Stipulated In The AgreementIncluding Appendix Between Sida And Forum Syd Ii Additional Assignment According To Agree UponProcedures Isrs 4400 Review The Following Areas InAccordance With The Terms Of Reference Below Follow Up Whether Salary Costs Debited To The Project Programme Are Recorded Throughout TheDuration Of The Year In A Systemized Way And Examine Whether The Salary Costs Can BeVerified By Sufficient Supporting Documentation 2 Examine Whether The Financial Report Includes A Comparison For Every Budget Item BetweenThe Actual Costs Expenditures Of Activities And The Budgeted Costs Expenditures As Approved BySida For The Period Based On Materiality And Risk The Auditor Shall Examine Whether There Is SupportingDocumentation Related To Incurred Costs Follow Up Whether Forum Syd Has Implemented Recommendations From The Previous AuditsReports Of The Program The Examination Includes Reviewing Whether Forum Syd HasImplemented The Action Points As Described In Forum Syds Management Response That HasBeen Submitted To Sida In Connection With Audit Reports Examine Whether Foreign Exchange Gains And Losses Are Disclosed In Accordance With What IsStipulated In The Agreement Including Appendixes 1 The International Auditing And Assurances Standards Board Iaasb 2If The Budget Includes Salary Costs To Be Debited To The Project The Auditor Shall Always Examine Salary Costs AsStipulated Here Liberia Forum Syds Compliance With The Applicable Tax Legislation In Regard To Taxes E G Paye 3And Social Security Fees Follow Up Whether Forum Syd Has Adhered To The Procurement Guidelines Annexed To TheAgreement Review If Outgoing Balance For Previous Period Is The Same As Incoming Balance For TheCurrent Period If Forum Syd Applies Modified Cash Basis As Accounting Principle The Auditor Shall MotivateWhether The Applied Accounting Principle Is Acceptable For This Type Of Financial Report Follow Up Of Funds That Are Channelled To ImplementingPartners Does Forum Syd Have Signed Agreements With Its Partner Organisations Are The Audit Requirements In Agreements With Partner Organisations In Accordance With TheAudit Requirements As Stipulated In Forum Syds Agreement With Sida Review Whether There Is An Unbroken Chain Of Audited Financial Reports According To TheRequirements As Stipulated In The Agreement Between Forum Syd And Sida For FundsDisbursed The Previous Year The Review Shall Include Whether Forum Syd Makes DocumentedAssessments Of The Audited Financial Reports Submitted To Forum Syd And Whether TheseReports Are Followed Up By Forum Syd The Review Shall Include Verification Of ContributionsEquivalent Of A Minimum Of 30 Of The Total Of Disbursed Funds As Well As 30 Of TheNumber Of Contributions The Review Shall Also Include Any Observations From Auditors ThatSida Should Be Informed About Are The Same Requirements For Reporting Exchange Rate Gains Exchange Rate Losses AsStipulated In The Agreement Between Forum Syd And Sida Included In The AgreementsBetween Forum Syd And Its Implementing Partners Iii The ReportingThe Scope Of The Audit Shall Be Stated In The Report And The Methodology Used Shall Be Presented The Reporting Shall Be Signed By The Responsible Auditor Not Just The Audit Firm And Title The Reporting From The Auditor Shall Include An Independent AuditorS Report In Accordance WithThe Format In Standard Isa 800 805 And The AuditorS Opinion Shall Be Clearly Stated As Well As AManagement Letter With Audit Findings And Weaknesses Identified During The Audit Process The3 Pay As You Earn LiberiaAuditor Shall Regardless Of Materiality Quantify The Amount For Costs Lacking Sufficient SupportingDocumentation The Auditor Shall Make Recommendations To Address The Weaknesses IdentifiedAnd The Recommendations Shall Be Presented In Priority Order If The Auditor Assesses That NoFindings Or Weaknesses Have Been Identified During The Audit That Would Result In A ManagementLetter An Explanation Of This Assessment Must Be Disclosed In The Audit Reporting Measures Taken By The Organization To Address Weaknesses Identified In Previous Audits Shall AlsoBe Presented In The Management Letter The Additional Assignment According To Agree Upon Procedures Isrs 4400 Under Paragraph Iii Shall Be Reported Separately In A Report Of Factual Findings If The Auditor Conducts An Additional Assignment According To Isrs 4400 And Assesses That TheObservations Presented In The Report Of Factual Findings Include The Information That WouldHave Been Included In A Management Letter A Management Letter Does Not Need To BeDeveloped In Such A Case The Report Of Factual Findings Shall Include An Explanation Of Why AManagement Letter Has Not Been Developed Qualifications Of The AuditorThe Audit Shall Be Carried Out By An External Independent And Qualified Auditor And Must BeCompletely Impartial And Independent From All Aspects Of Management Or Financial Interests InThe Entity Being Audited Members Of The Auditing Firm Should Not During The Period Covered ByThe Audit Nor During The Undertaking Of The Audit Be Employed By Serve As Director For Or HaveAny Financial Or Close Business Relationships With Any Senior Participant In The Management Of TheEntity The Auditor Should Be Experienced In Applying Either Isa Audit Standards Whichever IsApplicable For The Audit The Auditor Must Employ Adequate Staff With Appropriate ProfessionalQualifications And Suitable Experience With Isa Standards Including Minimum Three YearsExperience In Auditing The Accounts Of Entities Comparable In Size And Complexity To The EntityBeing Audited Experience In Auditing Of Fsl Supported Projects Is An Asset Curriculum Vitae Cvs Should Be Provided To Fsl By The Principal Of The Firm Of Auditors WhoWould Be Responsible For Signing The Opinion Together With The Cvs Of Managers SupervisorsAnd Key Personnel Proposed As Part Of The Audit Team Cvs Should Include Details On AuditsCarried Out By The Applicable Staff Including Ongoing Assignments Indicating C

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