Terms of Reference (TOR) for the External Auditors

image

Terms of Reference (TOR) for the External Auditors

Background:

Civil Society Scaling-up Nutrition in Nigeria (CS-SUNN) is a non-governmental, non-profit making coalition, made up of organizations with a passion to promote quality nutrition in Nigeria. The Coalition was formally launched on the 7th of August, 2014.

Our vision is to transform Nigeria into a country where every citizen is food and nutrition secured. We pursue this lofty goal by mobilizing Non-State Actors to advocate, generate evidence, build capacity and stimulate communities to scale up nutrition in Nigeria. Since inception the Coalition has been advocating for improved nutrition in Nigeria through holding government accountable and ensuring policy implementation by all stakeholders.

CS-SUNN is requesting proposals from licensed certified public accounting firms to audit its financial statements for the fiscal year ending December 31, 2020, with the option of auditing its financial statements for the subsequent two (2) fiscal years.  This audit is to be performed in accordance with the provisions included in this request for proposal:

Objectives of the Audit:

The objective of the audit is for the auditors to conduct audit reviews as follows:

  1. The auditors shall express an independent professional opinion as to whether the financial statements present fairly, in all material respects, the financial position of CS-SUNN in accordance with the International best practice in the non-profit industry.
  2. The audit shall be carried out in accordance with the International Standards on Auditing (ISAs) as issued by the International Federation of Accountants (IFAC). The auditors in their duties shall comply with the duties imposed upon them by the Audits Professions Act and the Companies and Allied Matters Act, Cap. C20, Law of the Federation of Nigeria 2004.
  3. The Audit shall establish whether or not appropriate supporting documents, records and books of accounts relating to all activities have been kept. Clear linkages should exist between the books of accounts and the financial statements presented.
  4. Produce complete and accurate financial statements of project revenues and expenditure during the period under review.
  5. Management letter-The Auditors shall prepare a management letter after the completion of the audit in which auditors will:
  • Identify specific deficiencies or areas of weakness in systems and controls, and make recommendations for their improvement;
  • Examine on test basis that appropriateness of supporting documents, records and books of accounts relating to all project activities;
  • Include management responses to audit findings and recommendations;
  • Point out any matters that come to the auditor’s attention during the audit that might have a significant impact to the implementation of the program
  • Examine, assess and report on compliance with the terms and conditions of the agreement between funding partners and CS-SUNN and applicable laws and regulations within accounting and taxes;
  • The auditor shall report the identified amount in case there are any missing supporting documents;
  • Bring to the Executive Secretary’s attention any other matter that the auditors consider pertinent.
  1. SCOPE OF WORK

3.1. The successful bidder will be required to perform the following types of external audits

         (Only list the applicable items):

  • Risk based audits (this includes, but are not limited to, audits on the Financial, Human Resource);
  • Compliance audits;
  • Performance audits;
  • Audits on predetermined objectives (performance information);

3.2. The scope of external audit work entails testing and evaluating the adequacy and    effectiveness of the organization’s systems of internal control and to make recommendations, basically auditors are expected to:

  1. Review  the  effectiveness  and  efficiency  of  the  financial  and  human  resource management process.
  2. Appraise the effectiveness and efficiency with which resources are employed and identifying opportunities to improve operating performance.
  3. Review the reliability and integrity of financial and operating information and the means used to identify measure, classify and report such information.
  4. Review the systems established by management to ensure compliance with those policies, laws, regulations and controls that could have a significant impact on operations  and  determine  whether  the  organizations  is  in  compliance  with  its financial, administrative and   property management procedures and other relevant legislation that governs the organization.
  5. Ensure that the organization adheres to the corporate governance requirements as prescribed in the organization’s internal rules and regulations.
  6. Review operations or programs to ascertain whether the results are consistent with established objectives or goals and whether the operations or programs are being carried out as planned.

3.3. Execution of audit assignments will be as follows:

  1. Assignments are to be performed in accordance with the International Standards on Auditing (ISAs) as issued by the International Federation of Accountants (IFAC).
  2. The execution of each assignment shall be in accordance with the instructions the bidder will get from the client.
  3. In carrying out the work, the successful bidder must ensure its staff maintains their objectivity by remaining independent of the activities they audit.

3.4.    Location of services

The required service of external audit will be rendered at CS-SUNN National Secretariat, situated at Plot 203 Cadastral Zone B02, Off Oladipo Way (Beside Concordia Apartments) Durumi District Abuja.

  1. Technical Requirements

Thorough research must be conducted for benchmarking purposes and estimation of overall hours by the organization inviting tenders, the overall hours should be the basis for evaluation of the following in the bidding process:

4.1. Explanation of the approach to performing an external audit, including the audit    methodology, nature, timing and extent of audit procedures to be performed;

3.2. Demonstration of experience and expertise of external auditing for non-governmental    organizations;

3.3. Providing an activity plan (project plan) of actions to achieve the objectives of the external audit function, specifying budgeted hours, timelines and sequence for its audit procedure and level of staff to be assigned;

3.4.  Incorporating  CV’s  of  the  proposed  professional  staff  of  the  core  management  team proposed for the engagement and the authorized representative submitting the proposal. Key information should include the position of the individual in the company, the role that the individual will have in the engagement, number of years’ experience, all tertiary and professional qualifications, professional memberships, experience, and degree of responsibility held in various assignments during the last three (3) years. CVs must be maximum one (1) page per staff member.

3.5. Proof of experience in performing external audit services: list current and past clients where the bidder carried out external audit along with the name of the organization, contact person, designation, contact number, nature of the external audit service and length of the appointment for at least three (3) non-governmental organizations where you have rendered external audits services in the last three (3) years.

3.6. Proposals must remain valid from the submission date. CS-SUNN will make its best effort to complete negotiations within this period.  If the Proposal validity period of 30 days is extended, bidders have the right to withdraw their Proposals.

  1. EVALUATION CRITERIA

Proposals will be evaluated in two parts. The technical proposal shall bear 60% of the total marks while the financial proposal shall bear 40% of the total marks.

  • Proposals should make clear about the relevant skills, experience and capacity of the participant, in respect of this particular TOR
  • Proposals must contain the details of the proposed approach to be adopted in order to deliver the service in accordance with the TOR
  • Proposals  should  clearly  indicate  whether  or not  bid participants  have  the  capacity to meet the requirements of the TOR

Only shortlisted audit firms will be contacted. Please note that this advert contains full Terms of Reference, hence no further tender documents are available.

Proposal submission  

To be considered, two (2) copies of a proposal must be addressed and sent to the Executive Secretary at Plot 203 Cadastral Zone B02, Off Oladipo Way (Beside Concordia Apartments) Durumi District Abuja by 12:00 noon on August 24th, 2020 latest.  CS-SUNN reserves the right to reject any or all proposals submitted.

Leave a Reply

Your email address will not be published. Required fields are marked *

grenade weight loss pills side effects weight loss diet basics does b12 pills help you lose weight ginseng pills for weight loss pills help lose weight fast saba weight loss pills weight loss supplement that actually work keto diet recipes free pdf prescription weight loss pills that really work greek yogurt weight loss diet stimulant free weight loss supplements allie grant weight loss diet keto diet pills and keto drink atkins diet weight loss per week keto diet pills kate middleton slimming beauty chinese pills for weight loss supplements weight loss muscle gain mayo clinic diet for quick weight loss good diet and exercise plan to lose weight fast weight loss diet plan for women vegetarian fast easy ways to lose weight without pills dr stillman weight loss diet christian diets weight loss rapid weight loss low carb diet what supplement is good for weight loss are benzos found in weight loss pills diet vegetable smoothies for weight loss green tea supplements and weight loss fruit supplement for weight loss keto diet pills and keto drink weight loss pills greensboro nc 7 day vegan diet weight loss weight loss speed pills good diet pills to lose weight thrive weight loss pills price one month how fast will you lose weight on ketogenic diet garlic pills for weight loss review what research goes into weight loss supplements alli weight loss pills costco best weight loss pills non prescription vince gironda weight loss diet the best weight loss pills anushka weight loss diet healthy pills to lose weight that actually work weight loss on fasting diet weight loss pills to get rid of belly fat 2 weeks diet for weight loss fda approved weight loss drug does diabetes prevent weight loss on atkins diet why do high protein diets cause weight loss

cbd oil companies how often should i take cbd purchase cbd oil near me best cbd drops pure cbd hemp oil cibdex cbd drops buy cbd wax does the us post office deliver cbd oil cbd oil made from hemp cbd 1000 mg oil cbd fort worth plain jane cbd cbd laws in georgia cbd honey reviews how to use cbd oil for neuropathy cbd oil in augusta ga office space sydney cbd cbd clinic pain relief ointment cbd bubble hash is cbd oil bad for your liver mole removal melbourne cbd can cbd help with depression what are cbd tinctures which cbd oil is the best humanity health cbd avon in cbd oil and levothyroxine cbd restaurant dallas uws sydney cbd campus cbd 5000mg cream cbd pen just chill products cbd hemp oil best cbd prefilled cartridge does cbd oil come in capsules cbd molecule structure cbd oil benefits for hair does cbd oil cause urinary retention overdose on cbd oil vitacost cbd oil does cbd oil help with alcoholism passport office cbd belapur cbd oil neck tremor cbd sublingual how long cbd oil and quitting anti depressants what plants have cbd cbd oil the strongest cbd immune system rsho blue label cbd hemp oil difference between cbd and copaiba cbd oil rehoboth delaware best cbd wax

rip stick vape voopoo shenzhen vape ban california e cigarette united states dabs vape pen ecig not working royale vape store canada stick v8 wattage vaporesso tarot nano where to buy weed oil for ecig variable voltage ecig explained kind e juice ecig drop shipping mag 225w lime popsicle ecig flavoring e cigarette weed flavour ecig cyclone tank e cigarette batteries when i vape i get juice in my mouth uwell crown tnak bluebird ejuice alien smoke shop e cigarette charging case smok mag 225w tc mod how to tell if your kid is vaping vaping zone coupon is vaping vegetable glycerin bad for you nike vapor golf hat baby beast diameter diy vape coil vaporesso pod vape shop glendale az used vapes for sale how many cigarettes compared to 3 vape juice smok alien instruction manual rx200 price nautilus battery vape how to update the voopoo drag how much nicotine is in one pack of cigarettes how many nicotine in one cigarette vaperesso coils tsa vape rules 2018 smok tvf12 alto vape smok h priv 220w kit uwell e juice bottle smok al85 instruction manual nicotine withdrawal uwell crown 4 glass e cigarette on ebay

most effective penis enlargement walgreens weight loss pills that work best sperm booster supplements major retail male enhancement what male enhancement makes you bigger kaboom male enhancement reviews top ten male enhancement pills 2020 penis enlargement cream reviews aalad helps male enhancement are testosterone pills safe top reviews for male enhancement best male enhancement on men penis enlargement programs dvd torrent male enhancement lubes pheromone enhancer drugs bodybuilding erectile dysfunction round blue pill v citrate tablets help erectile dysfunction without drugs male enhancement sex pill best ed pills non prescription on line other erectile dysfunction drugs erectile dysfunction without pills non prescription male enhancement pills minipress drug medicine capsules for sale bp pills that affect erection e 118 pill extenze medicine price in pakistan caerjack injectible male enhancement supplements to increase estrogen sweet pills penis enlargement tampa florida walmart weight loss supplements penis enlargement cream nightmare triple wicked erection pills size gel penis enlargement golden root sex pills math penis enlargement viagra tablets price in lahore pakistan best doctor for penis enlargement after penis enlarging pills proboost enlarge penis pills pines enlarger more blood fow to penis pills male orgasm enhancement technique testosterone enlarged prostate hair regrowth pills for men global biotech male enhancement pills extenze pill