Subscribe to Job Alert
Join our happy subscribers
Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us
International Alert was founded in 1986 to help people find peaceful solutions to conflict. At that time, the number of conflicts between countries was decreasing, but there was an alarming increase in the number of conflicts within countries. These conflicts were undermining development and leading to gross violations of human rights. Identifying and hig...
INTRODUCTION
International Alert Nigeria is looking for an audit firm to support its financial and systems audit of the Matasa Ku Taso Project.
The following are the terms of reference (‘ToR’) on which International Alert agrees to engage an audit company to perform a financial and systems audit and to report in connection with the programme below.
OBJECTIVES
The objectives of this audit are to enable the Auditor to express an opinion on whether:
The additional specific objectives of this audit are as:
STANDARDS AND GUIDANCE
The Auditor who performs this financial and systems audit is governed by:
REQUIREMENTS FOR THE AUDITOR
Qualifications and Experience
The Auditor and/or the firm is registered as a certified accountant’s body and commit to undertake this engagement in accordance with the International Federation of Accountants (IFAC) standards and ethics.
The audit team should have experience with audits of development aid programs and projects with varying size and complexities funded by national and/or international donors and institutions. The audit team should provide a report in English.
TEAM COMPOSITION
The team of auditors required for this engagement will be composed of a category 1 auditor who has the ultimate responsibility for the audit and an audit team which is composed of an appropriate mix of category 2 – 4 auditors. It is the responsibility of the auditor to compose and propose an audit team which has an appropriate mix of auditors for this engagement.
Category 1 – Audit Partner
An audit partner should be a highly qualified expert with a relevant professional qualification and assuming or having assumed senior and managerial responsibilities in public audit practice. He/she should be a member of an accountancy institute and must have at least 12 years of professional experience as a professional auditor or accountant in public audit practice.
The audit partner is responsible for the audit and its performance, and for the report that is issued on behalf of the firm. He/she has the appropriate authority from a professional, legal, or regulatory body and is authorized to certify accounts by the laws of Nigeria.
Category 2 - Audit Manager
The Audit manager should be a qualified expert with a professional qualification. They should have at least 8 years of experience as a professional auditor or accountant in public audit practice including relevant managerial experience of leading audit teams.
Category 3 – Senior Auditor
Senior auditors should be qualified experts with a relevant university degree or professional qualification and at least 5 years’ professional experience in public audit practice.
Category 4 – Assistant Auditor
Assistant auditors should have a relevant university degree and at least 2 years professional experience in public audit practice.
CURRICULA VITAE (‘CVs’)
The Auditor will provide International Alert with CV's of the partner or other person in the audit firm who is responsible for the audit and for signing the report together with the CVs of the audit managers, senior auditors and assistant auditors proposed as part of the audit team. CVs will include appropriate details on the type of audits carried out by the staff indicating capability and capacity to undertake the audit as well as details on relevant specific experience.
Alert will examine the CV's before it signs an order form or other applicable contractual document for this engagement and will reject them if they are not considered suitable for the requirements of the engagement.
SCOPE
The scope of an audit is a statement that specifies the focus, extent, and boundary of a particular audit. The scope can be specified by defining the physical location of the audit, the organizational units that will be examined, the processes and activities that will be included, and the time that will be covered.
The subject of the audit is:
The Terms and Conditions for this Project are set out in:
METHODOLOGY
The exact methodology will be the responsibility of the audit firm, we expect a technical proposal on approach, methodology and work plan of not more than 5 pages. The Auditor should exercise due professional care and judgment and determine the nature, timing, and extent of audit procedures to fit the objectives, scope, and context of the audit.
The Auditor should identify controls which are relevant and appropriate to the Project and the Entity and to the preparation of the Entity's Financial Report for the Project. Controls should be suitable for managing and mitigating risks to the achievement of the objectives of the Project. The audit should cover an examination of the Entity's control environment and more specifically of:
TIMEFRAME
The assignment is expected to be completed by 30/04/2024.
The auditor shall include and justify their estimated timeframe for this audit, including chargeable days and budget.
RECIPIENT
The main recipient of this assignment is International Alert.
REPORTING
The Auditors will report to the following members of the International Alert’s team in Nigeria: Country Director, the Project Manager, and Finance Manager. Final reports including the Management letter will be submitted to Alert’s Management team.
WORK PLAN
A revised audit work plan should be submitted 2 days after the first meeting with International Alert management team.
AUDIT REPORT
The audit report will comprise:
MANAGEMENT LETTER
In addition to the audit report, the auditors will prepare a “management letter” in which they will:
The management letter will include reactions/comments from the auditee on the weaknesses noted by the auditors.
This job has expired or closed. Application is no longer allowed
Build your CV for free. Download in different templates.
Join our happy subscribers