Request For Quotation For Audit Services

Tenders are invited for Audit Services. 3. Scope of the Audit The audit will cover the following key areas: - Financial Statements Review: The auditor will review all financial statements, including the balance sheet, income statement, cash flow statement, and statement of changes in equity, prepared for the year ending December 31, 2024. - Income and Expenditure: The auditor will verify the sources of income (donations, grants, etc.) and ensure that all expenditures are in line with the organizations financial policies and are properly supported by documentation. - Bank Reconciliations: The auditor will examine the bank statements and reconcile them with the financial records. - Assets and Liabilities: The auditor will verify the accuracy of recorded assets, including fixed assets, and liabilities. - Compliance Review: Ensure the organization is in compliance with applicable tax laws, donor agreements, and government regulations. - Internal Control Evaluation: Evaluate the internal control systems in place to manage financial risks, detect fraud, and ensure financial integrity. - Governance and Oversight: Assess the role of the Board of Directors and management in overseeing financial reporting and internal controls. Closing Date: Wednesday, 29. Jan 2025 Intervention Sector(s): Labor & Livelihoods Remuneration range: 1000 to 2000 (USD) How to apply 1.Requested Documents: If you are interested in submitting a bid, please check our TOR form (attached) and fill the request for quotation form (attached). Note that send your request for quotations form, legal documents ( for companies) ,CVs and your IDs to "[email protected]". 2. PROCESS: All interested and eligible firms are requested to submit their offers by email . 3.CLOSING DATE: Deadline for bids submission is 29th of January 2024 at 14:00 Beirut Time. All bids submitted after that date will be rejected. 4. Methodology The audit will be carried out in accordance with internationally accepted auditing standards, such as those set by the International Standards on Auditing (ISA). The key steps in the audit process will include: Pre-Audit Planning: A meeting with Nabad for Developments management to discuss the audit approach, timelines, and documentation requirements. Review of previous audit reports (if any) and understanding of the organizational structure. Fieldwork: On-site or remote visits (depending on availability and operational circumstances). Review of financial records and transactions. Interviews with key personnel to assess financial management practices. Reporting: Preparation of the audit report, which will include: The auditors opinion on the financial statements. Any findings or areas of concern (e.g., internal control weaknesses, non-compliance). Recommendations for improvements in financial management practices. Exit Meeting: A meeting with Nabad for Developments management to discuss the preliminary audit findings. Final adjustments to the audit report, based on feedback. 5. Deliverables The external auditor is expected to deliver the following: Audit Report: A formal report containing the auditors opinion on the financial statements, as well as any findings or recommendations for improving financial practices. - Financial Statements: Review and endorsement of the financial statements for the year 2024. 6. Timeline The audit process will follow the timeline below: - Audit Start Date: February 01,2025 - Final Report Submission: February 15, 2025 The timeline is subject to change based on the availability of documents and coordination with Nabad for Developments management team. Tender Link : https://daleel-madani.org/civil-society-directory/association-nabad-development/calls/vacancy-notice-auditor