Consultancy – Financial and Systems Audit at International Alert

The objectives of this audit are to enable the Auditor to express an opinion on whether:

• the Financial Reports presents fairly, in all material respects, the actual expenditure incurred, and the revenue received for the project in conformity with the applicable Accountable Grant; and
• Project funds provided by EU have, in all material respects, been used in conformity with the applicable contract conditions.
• the Internal Control System set up and operated by the Entity for the purpose of managing risks to the achievement of the objectives of the project, was suitably designed and operated effectively.
• The entity adhered to established financial compliance requirements, statute and relevant laws and regulations.

The additional specific objectives of this audit are:

• To check that internal control for project application, screening and approval process are suitably designed and implemented to achieve the control objectives.
• Check whether the financial statements present fairly, in all material respects, International Alert revenues and expenditures incurred for the period 31/12/2020 to 30/08/2023, in conformity with generally accepted accounting principles. Total amount concerned by the audit EUR 500,000.00
• Assess whether International Alert adhered to established financial compliance requirements, statute and relevant laws and regulations.
• Check that International Alert’s internal control structures for project application, screening and approval process are suitably designed and implemented to achieve the control objectives.
• Review the assets register and verify that inventories and assets in the project financial statements are complete and accurate and that the existence and ownership of assets and stock is verified by physical checks. The audit should also ascertain if assets are being used for the intended purpose, and they are managed and maintained responsibly.
• Verify whether the funds given to International Alert’s downstream implementing partners have been used for their intended purpose they have achieved value for money and accounted for.
• All necessary supporting documents, records, and accounts have been maintained in respect of all project activities. The auditor is expected to verify that respective reports issued during the period agreed with the underlying books of account.
• Assess the quality of internal controls and effectiveness of accounting processes within International Alert and its implementing Partners, identify specific deficiencies, risks, and areas of weakness (if any) in systems and controls in the value chain and make recommendations for improvement.
• Express an opinion on the adequacy or otherwise of the financial management and operations of the project “Matasa Ku Taso – Youth Arise” in Nigeria.
• to provide an assurance that funds granted to the project “Matasa Ku Taso – Youth Arise” in Nigeria, have been used for their intended purposes, they have achieved value for money and have been properly accounted for.

The Auditors will report to the following members of International Alert’s team in Nigeria: the Country Director, the Project Manager and the Finance Manager. Final reports, including the Management letter, will be submitted to Alert’s Management team.