Request for Proposal For Consultancy Services For Provision Of External Audit Services

Tenders are invited for Consultancy Services for Provision of External Audit Services for IGAD. The work of IGAD is co-coordinated through a Secretariat which is headed by an Executive Secretary. The Executive Secretary has the responsibility to submitannual audited financial statements of the Secretariat to the Council of Ministers. OBJECTIVE OF THE EXTERNAL AUDIT The objective of the external audit is to express a professional audit opinion in accordance with the International Standards on Auditing (ISAs) relevant to the audit and on whether: - Request for Proposal (RFP)-External Audit Services The consolidated financial statements of IGAD are prepared, in all material respects, in conformity with IPSAS and the applicable Financial Rules and Regulations of IGAD and Agreement Terms and Condition of the agreement; and The financial statements of projects that require separate audit reports1 , in all material respects, are in conformity with the applicable Financial Rules and Regulations of IGAD and Agreement Terms and Conditions of the financing agreement. 2.2 The Secretariat books of accounts provide the basis for preparation of those financials statements and are established to reflect the financial transactions in respect of the Secretariat and that it maintains adequate internal controls and supporting documentation for transactions. 5. Scope of The Audit 5.1 The audit will be carried out in accordance with the standards specified in 3.1 above and will include such tests and verification procedures as the auditors consider necessary under the circumstances. In conducting the audit, special attention should be paid to the following: (a) Carry out tests of transactions as are necessary, in order to obtain an understanding of the accounting system, to assess its adequacy as a basis for the preparation of the financial statements and to establish whether adequate records have been maintained as required by the IGAD Financial Rules and Regulations; Financial Manual and applicable rules of the donors; (b) Conduct an in-depth and exhaustive review of the internal control systems to have sufficient knowledge of the procedures underpinning the systems, as contained in the IGAD Financial Rules and Regulations; Financial Manual and the applicable rules of the concerned donors; (c) Confirm that although responsibility for preventing irregularity and fraud remains with the Secretariat, the audit has been planned so as to have a reasonable expectation of detecting material misstatements in the financial statements; (d) State the extent to which it has relied on the work of the Internal Audit; (e) Confirm that funds have been used in accordance with the applicable rules of the concerned donors, Council decisions with due attention to economy and efficiency, and that they have only been used for the purposes for which they were intended for and in accordance with the conditions under which the funding was provided; (f) Confirm that Goods and services financed have been procured in accordance with sound procurement procedures spelled out in the IGAD Procurement Manuals; Financial Rules and Regulations and applicable rules of the donors; Tender Link : https://igad.int/consultancies/

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Global Tender Document	Tender Notice