Tender Description
REQUEST FOR EXPRESSIONS OF INTEREST
TENDER NOTICE N°: 026-24-PS-RISE
TITLE: AUDIT SERVICE FOR RESPONSE INITIATIVE FOR SOMALIA EMERGENCIES (RISE) PROJECT.
CLIENT: SADAR DEVELOPMENT AND RESILIENT INSTITUTE
FINANCING: IFAD GRANT N°: 2000004338/4698
The SADAR DEVELOPMENT AND RESILIENT INSTITUTE has received financing from the International Fund for Agricultural Development (“the Fund” or “IFAD”) towards the cost of Response Initiative for Somalia Emergencies (“RISE”). (“the client” or “procuring entity”), and intends to apply part of the proceeds for the recruitment of consulting services, for which this REOI is issued.
• Purpose and objectives of Audit Service.
The objective of the audit is to enable the auditor to express an audit opinion(s) on whether the SOE (including additional disclosures) fairly presents the financial position of the project in all material respects and whether the funds received and expenditures incurred for the relevant accounting... period are in conformity with the International Public Sector Accounting Standard (IPSAS). The auditor shall conduct this audit in accordance with the International Auditing Standards.
The auditor must perform the following checks in relation to the eligibility criteria applicable to the grant agreement. The auditor must therefore gain a good understanding of such requirements to perform the relevant checks only and properly apply the relevant eligibility requirements.
• a)The Statement of Expenditures (SOEs) for the reporting period, as submitted to IFAD, comprises the project information (name of the recipient, grant number, currency of the grant agreement, project name and reporting period), as well as whether the presentation of the expenditures is by expenditure category and/or project component, as set out in schedule 2 of the grant agreement.
• b)The total of the expenditure transaction lists for the reporting period agrees with the total cumulative expenditures for the same period, as described in the SOEs submitted to IFAD.
• c)The reported expenditures meet the project eligibility criteria as described in schedule 4 of the grant agreement and other eligibility requirements, including but not limited to the correct exchange rates used, where applicable; duties, taxes and charges included in the financial
report cannot be recovered by the Recipient, and expenditure in respect of eligibility criteria as defined in IFAD General provisions annexed as schedule 3 of the grant agreement.
• d)The expenditure is recorded in the accounting system of the Recipient in accordance with the applicable accounting standards and the Recipient’s usual cost accounting practices.
• e)The expenditure is backed up by sufficient and effective supporting documentation listed at www.ifad.org/grantforms, which shall be constantly available and stored in accordance with paragraph 3.11, schedule 3 of the Grant Agreement.
• f)A representative sample of transactions is selected from the recipient’s list of expenditures to confirm eligibility for financing. The size of the sample will be based on the auditor’s professional judgement and underlying risks.
• g)Ensure that supporting documents include distribution lists to final beneficiaries and that these lists fully justify the expenditure claimed.
A Consultancy firm will be selected using the Consultants Qualifications Selection (CQS) method set out in the consultants’ selection.
Attachments
Advert for Epression of Interest (EOI) for Audit Service – RISE Project (3).pdf
How to apply
The shortlisted consultant(s) will be provided with the detailed TORs and asked to submit a detailed technical and financial offer. The evaluation will include a review and verification of qualifications and past performance, including a reference check, prior to the contract award.
The client now invites legally constituted consulting firms (not individual consultants) (“consultants”) to request for expressions of interest (EOIs) via e-mail to the address below [email protected] the subject, Expressions of interest (EOIs) Provision of Audit service for response initiative for Somalia emergencies (RISE) no later than 3 PM, 10/02/2024 EAT.
Yours sincerely,
Procurement Unit
SADAR INSTITUTE
Email: [email protected].
advert-for-epression-of-interest-(eoi)-for-audit-service—-rise-project-(3)-15295451968409878
Somalia