Tenders Are Invited For Perform An Annual Audit For Fiscal Year 24/25 And To Report In Line With The International Financial Reporting Standards

Tenders are invited for Perform an Annual Audit for Fiscal Year 24/25 and to Report in Line with the International Financial Reporting Standards Subject of the Engagement The subject of this engagement is the financial statements of the fiscal year 1 June 2024-May 31 2025. The information, both financial and non-financial, which is subject to verification by the auditor, is all information which makes it possible to verify that the expenditures of CLDC in the financial statements have occurred, are accurate, and eligible. Reason for the Engagement The engaged audit firm is required to submit a full annual audit report including financial statement and management letter to CLDC. Engagement Objective The objective of this audit is to verify that the expenditures of CLDC in the financial statements for the services covered by the Agreement have occurred (reality) and are accurate (exact) and eligible, and to submit to CLDC a report of actual findings with regard to the agreed-upon procedures performed. Eligibility means that expenditure have been incurred in accordance with the terms and conditions of the Agreement. Responsibilities of the Parties to the Engagement CLDC is responsible for: · CLDC is responsible for providing financial documents/statements/grant agreement, policies etc. · CLDC accepts that the ability of the Auditor to perform the procedures required by this engagement effectively depends upon the CLDC providing full and free access to its records and accounts. · CLDC shall provide the auditors with all the necessary documentation to perform the assignment properly. The Auditor shall provide: · A full annual audit report including all statements · Yearly and cumulative statements of sources and application of funds, as per project. · Reconciliation between the amounts shown as received by the project and those shown as being disbursed by CLDC. As part of that reconciliation the auditor will indicate the procedure used for disbursement and indicate whether the expenditure is fully documented. a) Notes accompanying the financial statements b) A statement of comparison between the actual expenditures and the budget estimates c) Full disclosure of cash balances · A separate management letter addressing the adequacy of the accounting and internal control systems, strength and weakness, including compliance with international standards. The Audit company is also expected to submit: · Comment on systems and procedures such as improvements in accounting system/accounting software, information technology or computer systems, and operations that may be under development, on which the auditors comments are necessary to ensure effective Comment on other activities on which an auditor may consider it appropriate to report following international accepted accounting standards. The Auditor shall certify: · Whether the financial reports are drawn up in conformity with international accepted accounting standards. · Whether the project financial statements are accurate and are drawn up from the books of accounts maintained by the project. · Whether Procurement has been undertaken in accordance with Minimum Procurement Guidelines · Carry out a physical verification of any significant assets purchased and confirm their existence. Duration The reports on this audit should cover any funds received and disbursed during the fiscal year 1 June 2024 to 31 May 2025 Timeframe · 15 July 2025 deadline to submit proposal · 30 July 2025 awarding the contract. · 1-14 August field work, comments, seeking further details etc. · 25 August draft report · 30 August final report Requirements Any company/institutions who can fulfil the above requirements is encouraged to apply. · Valid license until the end of 2025 · Updated profile · CVs of key staff (senior auditors) with certified accounting ACCA or GAAP etc · Project proposal with cost · Availability to execute the work · Reference of work done with at least one INGO recommendation · Existing 5 to 7 years · Clearance of tax · Any other clearance How to apply To apply please send an audit proposal detailing the above listed requirements to info@cldcsl.org by 15 July 2025. Tender Link : https://somalijobs.com/tenders

Refer document

FileName	File Description
Global Tender Document	Tender Notice