Tenders are invited for Financial Audit

Financial Audit The Audit Will Be Carried Out In Accordance With The International Standards Of Auditing, And Guidelines Provided By The Liberia Institute Of Certified Public Accountants. It Will Include Such Tests And Controls, As The Auditor Considers Necessary Under The Circumstances. In Conducting The Audit, Special Attention Should Be Paid To The Following: A) All Funds Provided Under The Grant Agreement Have Been Used In Accordance With The Conditions Of The Financing Agreement, With Due Attention To Value For Money, And Only For The Purposes For Which The Funding Was Provided. B) All Necessary Supporting Documents, Records, And Accounts Have Been Kept In Respect Of All Project Income And Expenditures. C) Where Special Accounts Have Been Used, They Have Been Maintained In Accordance With The Provisions Of The Relevant Financing Agreements; D) State Whether The Audit Has Uncovered Material Weaknesses In Financial Systems Of The Financial System And Provide Suggestions For Improvements. E) Evaluate That The Delegation Of Authorities For Approvals Evidenced By Signatures By Relevant Staff Is Properly Followed And Always Includes Two Signatures; F) Follow Up Whether Salary Costs Debited To The Project/Programme Are Recorded Throughout The Duration Of The Year In A Systemized Way And Examine Whether The Salary Costs Can Be Verified By Sufficient Supporting Documentation. G) Examine Whether The Financial Report Includes A Comparison, For Every Budget Item, Between The Actual Costs/Expenditures Of Activities And The Budgeted Costs/Expenditures As Approved By The Carter Center For The Period. H) Based On Materiality And Risk The Auditor Shall Examine Whether There Is Supporting Documentation Related To Incurred Costs. Regardless Of Materiality Of The Findings The Auditor Shall Quantify The Amount For Costs Lacking Sufficient Supporting Documentation. I) Examine Whether Foreign Exchange Gains/Losses Are Disclosed As A Separate Item In The Financial Report As Well As Disclosed In Accordance With What Is Stipulated In The Agreement Including Appendices And Generally Accepted Accounting Principles. J) The Implementing PartnerS Compliance With The Applicable Tax Legislation With Regard To Taxes And Any Social Security Fees. K) Follow Up Whether The Implementation Partner Has Adhered To Its Institutional Procurement Guidelines. L) Review If Outgoing Balance For Previous Period Is The Same As Incoming Balance For The Current Period. M) If The Implementing Partner Applies Modified Cash Basis As Accounting Principle, The Auditor Shall Describe Used Method And Describe Possible Effects On The Accrual Accounting Within The Project. N) Verify The Unspent Balance At The End Of The Agreement Period Against Accounting Records And Its Supporting Documentation. O) Verify The Unspent Balance That Shall Be Repaid To The Carter Center In The Final Report Of The Last Agreement. (Only Applicable In The Final Report Of The Last Agreement Year) June 27 July 12 Post And Procurement July 25 Meeting Relevant Tcc/Leon Staff July 26 August 12 Commence Audit Leon At Tcc Monrovia Office August 15 Submission Of The First Draft Report To Tcc August 22 Feedback Session With Tcc Staff And Leon Partners August 29 All Feedback Submitted To The Auditor August 31 Final Report Submitted Tender Link :