Standard Terms of Reference (TOR) for Annual Audit of Naymote Democracy Advancement Program (DAP) / Program Support including ISRS 4400

  1. INTRODUCTION:

Naymote Partners for Democratic Development, hereafter referred to as the “Cooperation Partner” wishes to engage the services of an audit firm for the purpose of auditing the institution Democracy Advancement Program (DAP), as stipulated in the agreement between the Cooperation Partner and SIDA. The audit shall be carried out in accordance with International audit standards (ISA) issued by the International Auditing and Assurances Standard Board (IAASB). In addition, an assignment according to International Standards on Related Services (ISRS) 4400 shall be carried out. An external, independent, and qualified auditor shall carry out the audit and the additional assignment.

  1. OBJECTIVES AND SCOPE OF THE AUDIT:

The objective is to audit the institution financial report for the period (2023 September 1 – 2024 August 31) as subject to SIDA and to express an audit opinion according to ISA, applying ISA 800/ISA 805, on whether the financial report of the Democracy Advancement Program (DAP) is in accordance with the Cooperation partner’s accounting records and SIDA’s requirements for financial reporting as stipulated in the agreement including appendices between SIDA and Cooperation partner (Agreement).

  • QUALIFICATION OF THE AUDIT FIRM:

Auditing firms need to meet certain criteria to be considered qualified for this role. Here are some key qualifications and considerations:

  • PROFESSIONAL ACCREDITATION AND LICENSING: The auditing firm should be legally registered and licensed to perform auditing services in Liberia, be in good standing with the Liberia Institute of Certified Public Accounts (LICPA) and member of other recognized professional accounting body and complying with their standards and regulations.
  • RELEVANT EXPERIENCE: The auditing firm should have at least four years’ experience in performing independent audit of entities within the nonprofit sector and public sector, and in accordance with International Standards on Auditing (ISAs).
  • NOTE:

    All interested auditing firms are encouraged to submit their complete applications/ proposals with certified copies, and requested documents through the following e-mail address: info@naymote.com or info@yplsa.org.

    DEADLINE FOR SUBMISSION: August 10, 2024 @ 5:00 P.M.

Kindly read the Standard Terms of Reference (ToR) for additional information.

 

 

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