TERMS OF REFERENCE FOR CONDUCTING AN EXTERNAL AUDIT SERVICES FOR THE FISCAL YEAR 2020
Hope and Homes for Children (HHC) is one of the leading organisations focusing on De-Institutionalisation (DI) globally - the process of reforming child protection systems from institutional to community and family-based care.
Hope and Homes for Children-Rwanda is currently implementing a three-year (2018-2021) UK Aid Match-funded project to demonstrate how to build safe communities for children with disabilities, setting up the local community-based services families need to thrive, preventing the separation of children from their families and replacing institutions with alternative care, including for children with disabilities.
HHC Rwanda is recruiting a committed and professional external auditor (Individual/Firm) to conduct audit, certify financial statements FY 2020 and issue an independent opinion on their preparation.
The audit will be conducted in accordance with the International Standards on Auditing (ISA) and Rwandan Law No. 016/2018 of 13/04/2018 Establishing Taxes on Income.
Section 1: ROLES AND RESPONSIBILITIES OF THE AUDITOR
- Conduct an independent audit of the HHC Rwanda’s Financial Statements in line with the International Standards on Auditing and International Financial Reporting Standards
- Express an opinion on whether the Financial Statements are prepared in accordance with the applicable financial reporting standards and frameworks, whether the organization has maintained proper books of accounts, and whether the accompanying financial statements give a true and fair view of the financial position of the organization.
- Develop consolidated financial statements as required by RRA.
Section 2: DELIVERABLES AND PERIOD
The expected deliverables are as follows;
- Financial Statements in the format required by RRA
- Financial Audit report for FY20
- Management letter detailing any internal control deficiencies
The audit work is expected to be performed in the period of two weeks from the date of contract signature.
Section 3: REQUIRED PROFILE OF THE AUDITOR
Firms/Individuals will be required to meet the following criteria:
- Be registered under Rwandan Law and a member of the Institute of Certified Public Accountants of Rwanda (ICPAR)
- Belong to an International Network of audit firms
- Demonstrate capacity and experience required to undertake the audit within required timeline
- Experience in auditing International Non-Governmental Organizations is an added value.
Section 4: SUBMISSION OF OFFERS
a) Technical Proposal
- Provide evidence of experience in performing audit services to non-governmental organizations in Rwanda.
- Provide references – list at least two (2) current and two (2) past clients along with the names and telephone numbers of contact persons and number of years of services provided
- Provide a list of key staff member(s) who will be assigned to the engagement and/or direct the overall with the educational background and/or curriculum vitae.
- Provide a copy of the registration and license of the firm/individual under the laws of Rwanda.
- Describe the audit methodology/approach, work plan, and timeline for undertaking and completing the assignment. The plan must include a detailed timeline that specifies the submission of the final draft on or before 23rd March 2021.
b) Financial Proposal:
- Indicate the details of proposed budget, VAT inclusive.
Firms/Individuals meeting the above criteria are requested to submit their electronic proposals at firstname.lastname@example.org with a copy to email@example.com not later than Wednesday 05 March, 2021, 05:00 PM.
Done at Kigali, 18th February 2021