Tenders Are Invited For External Auditors

Tenders Are Invited For External Auditors. Scope Of The Audit 1. The Audit Will Be Carried Out In Accordance With The International Auditing Standards And Will Include Tests And Verification Procedures As The Auditors Deem Necessary. 2. Verify All Funds Have Been Used In Accordance With The Established Rules And Regulations Of Yal And Only For The Purposes For Which The Funds Were Provided. 3. Goods, Works And Services Financed Have Been Procured In Accordance With The Yal Established Rules And Procedures. 4. Appropriate Supporting Documents, Records And Books Of Accounts Relating To All Activities Have Been Kept. Clear Linkages Should Exist Between The Books Of Accounts And The Financial Statements Presented To. 5. The Financial Statements Have Been Prepared By Yal Management In Accordance With Applicable Accounting Standards And Give A True And Fair View Of The Financial Position Of Yal And Of Its Receipts And Expenditures For The Period Ended On That Date. 6. Comprehensive Assessment Of The Adequacy And Effectiveness Of The Accounting And Overall Internal Control System To Monitor Expenditures And Other Financial Transactions. 7. Express An Opinion As To Reasonableness Of The Financial Statements In All Material Respects. 8. Include In Their Reports Opinion On Compliance With Procedures Designed To Provide Reasonable Assurance Of Detecting Misstatements Due To Errors Or Fraud That Are Material In The Financial Statements. 9. Conduct Entry And Exit Meeting With The Senior Management Team Of Yal. 10. In Addition To The Audit Report, The Auditors Will Prepare A Management Letter On The Following: A. Give Comments And Observations On The Accounting Records, Procedures, Systems And Controls That Were Examined During The Course Of The Audit. B. Identify Specific Deficiencies And Areas Of Weakness In Systems And Controls And Make Recommendations For Improvement. C. Report On The Implementation Status Of Recommendations Pertaining To Previous Period Audit Reports. D. Communicate Matters That Have Come To Their Attention During The Audit Which Might Have A Significant Impact On The Sustainability Of The Organization. E. Bring To The ManagementS Attention Any Other Matters That The Auditors Consider Pertinent. Audit Duration: The Audit Work Shall Be Completed Within Three Weeks From The Date Of Commencement Of The Audit (January 30Th - 17Th February 2023). Audit Period: The Period Of Audit Is From January 1, 2021 December 31, 2022. Expenditure: $1.1M Approximately Deadline: January 10, 2023 . Tender Link :