Tenders Are Invited For Irss Annual Audit 2023

Tenders are invited for IRSS Annual Audit 2023 Objectives of the audit The objective of the audit Islamic Relief South Sudan to express an opinion whether the financial reports prepared are prepared in all material respect, in accordance with an identified financial reporting framework. The phrases used to express the auditor opinion are given a true and fair view or present fairly, in all material respect, which are equivalent terms. Audit Methodology The audit methodology and the audit techniques to be used are those which accord with international auditing standards. Substantive testing procedures encompassing the following should be applied: Inspection of original support documentation; Inspection of inventory print-outs and physical inspection of assets and (Where necessary) inspection of computer systems. Expectations/output Through the audit exercise, the auditor will give an independent audit opinion as to the truth and fairness of the accounts prepared. Islamic relief management will get, as a by product, a management letter which will help the management to improve its efficiency. The audit report will also help to submit a return under any Taxation legislation and deposit the tax. 1.1 It is expected that the audit is undertaken in accordance with International Standards on Auditing (ISAs), and in the absence of local charity legalisation have regard to the Statement of Recommended Accounting and Reporting by Charities for the time being applicable, and published by the Charity Commissioners for England and Wales. 1.2 The auditors are expected to undertake the audit in accordance with the highest professional standards which will include tests of transactions, and of the existence, ownership and valuation of assets and liabilities. 1.3 Ascertain the accounting system in order to assess its adequacy as a basis for the preparation of financial reports. 1.4 Report on any significant weaknesses in, or observations on, the field offices systems. 1.5 Undertake an appropriate risk assessment of the field office. 1.6 The audit should include site visits to project areas and an assessment of these respective projects. 1.7 Where the field office is in undertaking projects funded by institutional donors, the audit should include the verification of the expenditure on the project and the income received for the project, including the existence, ownership of any assets purchased for the project. 1.8 A report is required to be sent to Islamic Relief International Headquarters stating whether, in your opinion, the financial statements of the field office, which have been audited by your firm, give a true 2 and fair view of the state of the field offices affairs at the period end, and of its income and application of resources for the period then ended. Tender Link : https://comms.southsudanngoforum.org/c/tenders