REQUEST FOR PROFESSIONAL EXTERNAL AUDITING IN MOGADISHU SOMALIA

Contract duration  15/09/2024-20/10/2024

Tender Issue date 02/09/2024

Deadline date   10/09/2024

Issuing Office  Muslim Hands Somalia

Address  Wadajir District – Mogadishu

Submit Financial and Technical Proposals with Supportive documents via email  [email protected]

Muslim Hands Somalia HQ Office –Mogadishu

Inquires  Call: 613928627

Location Mogadishu- Somalia

Attention  Late submission will not be accepted

1.1 Introduction

Muslim Hands (MH) is an international Non-Governmental Organization (INGO), established in 1993 with objective of tackling poverty, responding to emergencies and disasters of any kind, promoting peace and justice and transforming conflict into opportunities for peace and development.

The organization’s projects activities have been implemented through its 20 field offices across the globe including Somalia.

Muslim Hands Somalia strives to empower the needy people for the long-term with provision

Procurements in Provision of Audit Service

RFQ No: MHS (2024-023)

Date: 2nd Sep, 2024

Muslim Hands invites to all Audit Firms and bidders from qualified Firms from all regions the submissions of Financial and technical Proposals in Provision of Audit Service for Muslim Hands Somalia for the year of 2023.

1.2  Purpose

Muslim Hands Somalia is soliciting financial and technical proposals from qualified auditing firms; the period of the audit is from January 2023 to 31st December 2023.

The audit firm needs to start early mid Sep 2024, a draft of audit report submitted by first week of Oct 2024 final report submitted by 31st of Oct 2024.

1.3  Objectives of the audit

The overall objectives of the auditor are:

• To obtain reasonable assurance as to whether the financial statements as a whole are free from material misstatement, whether due to fraud or error.

• To provide reasonable assurance that the project books provide the basis for preparation of the Project Financial Statements and are established to reflect the financial transactions in respect of the project and confirm if adequate internal controls are maintained and supporting documentation for transactions.

• To obtain reasonable assurance about the achievement of program objectives by matching physical outputs and achievements to funds disbursed and the timing of the flows.

• To enable the auditors to express an independent professional opinion on the financial position of the Project, to assure that the Project funds have been used for their intended purposes and as per the signed donor agreement.

• To report on the financial statements and communicate as required by auditing standards in accordance with the auditor’s findings

1.4  Scope of the work

• The audit will examine the financial records, statements and reports for Muslim hands Somalia. These records, statements and reports will be generated from financial system in US Dollars for the audit period 1st January 2023 to 31tst December 2023.

• Perform statutory audits as required by local laws and in accordance with the International Standard on Auditing (lSA).

• Plan and organize the audit on the basis of risk assessment to provide satisfactory assurance that the financial statements are free of misstatement due to fraud and errors.

• Ascertain that multi donor funds received by the organization have been applied for the intended purpose and have been accounted for in accordance with funding agreement.

• Verify that funds received by MHS, have been acknowledged and reflected in the financial reports/statements submitted to the users/donors.

• The audit will examine MHS internal policies and external government rules and regulations.

1.5  Deliverables

• Draft complete audit report

• Final complete audit report

• Copy of audited financial statements

• Management letter in accordance with the scope of work described here before.

Qualifications

• Updated Firm Profile

• Evidence showing minimum 5 years experience in audit

• Certificate of incorporation as certified public accountant CPA

• License to operate Somalia

• Evidence showing minimum three auditing experiences services

• Team qualifications

• Financial And technical Proposals

• Official Currency for Financial Proposal must be only in US dollar

• Your firm’s policy on handling cost-overruns which might occur

• Tax compliance certificate.

How to apply

Muslim Hands Somalia country office is accepting financial and technical proposals qualified from audit firms for the procurements in provision of audit service.

All interested and qualified parties are requested to submit their financial and technical proposals with subject line – External Audit – MHS Country Office, not later than 10th of Sep 2024 via email: [email protected] .