External Auditor at Amnesty International

Objectives of the Audit

• The objective of the audit is to enable the auditors to express a professional opinion on the financial statements that Amnesty International Nigeria is required to prepare.
• The audit is conducted to allow Amnesty International to rely on the auditor’s opinion in forming their own professional opinions on the use of funds in Nigeria.

Scope

• The scope of the audit will include all funds relating to Amnesty International Nigeria activities between 1 January 2025 to 31 December 2025.
• The audit shall review evidence of funds received and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or errors.
• The audit will be carried out in accordance with international Financial Reporting Standards and applicable local laws and will include such tests and auditing procedures as the auditor considers necessary under the circumstances.

The audit should include:

• Amnesty International Nigeria funds have been used with due attention to efficiency and economy, and only for the purposes for which funding was provided.
• Review income and expenditure statement for the period
• Assess whether the expenditure categories are in line with activities that support the conditions of grants received.
• Review statutory Compliance with annual returns to Federal Inland Revenue Service (FIRS) Tax laws and other statutory regulations, including pension and National Housing Fund (NHF) and Nigeria Social Insurance Trust Fund (NSITF)
• An examination of the system of internal control, authority levels, staff competence, segregation of duties, and monitoring arrangements.
• Procurements have been carried out in accordance with the relevant procedures. considering value for money.
• All necessary supporting documents, records and accounts have been kept in respect of Amnesty International Nigeria funds received. Clear linkages should exist between the books of accounts and relevant supporting documentation.
• That the accounting and overall management control system is adequate, and effective to monitor disbursements.
• All assets financed by Amnesty International Nigeria funds physically exist and adequately maintained and used for intended purposes.
• The financial statements have been prepared in accordance with international financial reporting standards.
• When comparing budget against actual expenditure, enquire about variances and request further evidence as necessary.
• Reviewing the exchange gain accrued to the organization from January – December 2025
• Opening and closing balances of the trial balance and general ledger.

Expected deliverables
The following are the expected deliverables which are due on 26 March 2026:

• The audit reports shall contain details of the method and scope of audit and assurance that the audit was performed in accordance with International Financial Reporting Standards and signed by the auditor responsible stating the title.
• Issued in soft copy for circulation to trustees and global finance team and 10 hard copies will be produced and delivered.
• Prepare a Management letter that recommends improvements to areas of observed weakness, internal controls, and overall operational efficiency.

Audit Report for the Trustees of the Charity
The opinion expressed in the audit report will address whether:

• The financial statements present a true and fair view of the financial position of Amnesty International Nigeria. In expressing this opinion, the auditor must consider whether proper accounting records have been maintained in each case, and whether the financial statements agree with these records.
• Amnesty International Nigeria funds have been used in accordance with the relevant local and global policies and procedures.
• The auditor shall make a statement confirming they have complied with these terms of reference in the introduction to the management letter.