Audit Firm at Premiere Urgence Internationale (PUI)

Location: Maiduguri / Abuja
Project Name: OFDA/FFP
Short: Assignment    
Reporting to: Finance Coordinator
Duration: 30 days
Start date: 05 April 2021
End date: 03 May 2021

Objectives
PUI is seeking for auditing firm to provide the following services:

• Prepare and audit financial statement for Premiere Urgence Internationale for FY 2020
• Obtain Tax clearance certificates for Premiere Urgence Internationale from 2020

The specific objectives of the survey are:

• Investigate PUI internal system.
• Check the authenticity and validity of transactions which are done.
• Examine arithmetical accuracy of books of accounts, casting, balancing.
• Settling the current value of assets and liabilities.
• Plan and design an audit approach.
• Perform tests of controls and substantive tests of transactions.
• Perform analytical procedures and tests of details of balances.
• Complete the audit and issue an audit report.
• The auditor meet the overall objective of the audit, which is to express an opinion on the fairness with which the financial statements present fairly, in all material respects, the financial position, results of operations and cash flows in conformity with GAAP.
• By accumulating sufficient appropriate evidence for each audit objective, the overall objective is met.
• The accumulation of evidence is accomplished by performing the four phases of the audit.

Description of the Work

• The Auditing Firm represents and warrants that the Auditing Firm possesses the necessary skills, expertise and experience to perform the required services in accordance with the provisions of this Agreement.
• The audit shall take place at Abuja and in Maiduguri in Borno state. The Auditing Firm will apply all GAAP methodology as it relates to auditing processes/ideologies.

The main tasks of the consultancy is included to:

• Develop and design audit protocol, including methodology  
• The Auditing Firm must provide a detailed written request of the records required to complete the audit few days prior to the date the records are required.
• If additional work is required to complete the audit as a result of not preparing the required schedules or documentation, a written request must be submitted to PUI
• Previous similar experience with INGO is a privilege
• Duly registered audit firm with Corporate Affairs commission (CAC)
• Auditors of the firm must be chartered accountants and licensed audit practitioners.

Time Frame:

• The overall timeline to conduct the audit is a one month period (from 05th April to 03rd May, 2021).

Expected Outputs and Deliverables
The Accounting Firm shall perform an audit for the purpose of expressing an opinion on the financial statements and schedules of PUI fiscal years beginning January 2016- 31st December 2019. The examination of the financial statements is to be performed in accordance with Nigerian Generally Accepted Auditing Standards. The following is a list of reports to be submitted as a result of the audit:

• An attest audit report is to be issued on the examination of the financial statements. It is to report whether the financial statements present fairly the financial position and the results of operations in conformity with Nigerian Generally Accepted Accounting Principles and the CAC Handbook. The audit report is to address the issue of evaluation of internal control procedures on specific account balances including internal control on cash
• Submit an audit firm profile and protocol with detailed methodology.
• Have an approved financial statement format that are required to use which has been updated in accordance with Nigerian Corporate Affairs commission CAC.
•  Submit opinion on the audit of the financial statements, the audit firm is required to list all auditing procedures taken to reach such conclusion.
• The audit report requires a management letter to be issued which is detailed.
• Copies of the audited financial statements complete with the auditor’s report and the required supplemental reports listed above are to be distributed in paper and digital format to PUI.

Job Qualifications and Required Skills

• Submit a copy of  the Audit firm profile
• Detailed financial proposal for the services requested in the objective listed above.
• Proof of Previous experience working with INGOs
• Duly registered audit firm with Corporate Affairs commission (CAC)
• Auditors of the firm must be chartered accountants and licensed audit practitioners.