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  • Posted: Sep 30, 2022
    Deadline: Oct 14, 2022
  • Never pay money for any certification or fee to an employer. Not sure, contact us

    Banyan Global is a development consulting firm, founded on the principle that integrating expertise and experience from the development community and private sector will achieve a broad and lasting impact. Our unique team comprises seasoned private sector and international development professionals. Headquartered in Washington, D.C., Banyan Global maintai...
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    Request for Proposals (RFP)

    RFP Number: RFP-HWMA-0055
    Currency of Proposal: Local Currency NGN
    Description: External Audit Engagement
    Project: Health Workforce Management Activity
    Funded By: United States Agency for International Development (USAID),

    Contract No.: 7200AA18D00027/72062020F00009

    Implemented By: Banyan Global

    Proposed Guideline - Terms of Reference
    1.Audit Objective
    Audit and Report of on the Financial Statements of BG Laurel International Services Nigeria Ltd/Gte for the fiscal year ended 30 th September 2022
    The above undertaking shall be performed in accordance with the International Financial Reporting Standards ("IFRS"), the provisions of the Companies and Allied Matters Act, CAP C20, Laws of the Federation of Nigeria 2004 and compliance with the Financial Reporting Council Act Ng 6, 2011 and accordingly include such tests of the accounting records as deemed necessary under the circumstances.

    2.Scope of Work (SoW)
    The objective of your engagement is to perform a statutory audit and express an opinion on whether the financial statements give a true and fair view of (or present fairly, in all material respects), the financial position, results of operations and cash flows of BG Laurel International Services Nigeria Ltd/Gte through the performance of an audit and report on the financial statements, including the fund accountability statement of BG Laurel International Services Nigeria Ltd/Gte for the year ended 30th September 2022 as
    detailed in the above audit objective.
    Kindly note that this engagement is also informed by the requirement for BG Laurel International Services Nigeria Ltd/Gte to submit its FY2022 returns to the FIRS, for presentation at the annual general meeting and that you are to undertake the engagement pursuant to the requirements thereof.
    Any limitations in the scope of work shall be communicated as soon as possible to the Country Director, BG Laurel International Services Nigeria Ltd/Gte.
    1. Deliverables (Reports)
    The Audit and Report of the Financial Statements herein mentioned above shall be concluded and submitted to BG Laurel International Services Nigeria Ltd/Gte Office not later than the 30th November 2022.

    2. Pre-Audit Steps
    The auditor should review the applicable documents considered necessary to perform the audit:
    The agreement (including amendments).

    •  The sub-agreements between the recipient and other implementing entities, as applicable.
    • The budgets, project implementation letters, and written procedures.
    • USAID Automated Directives System Chapter 636 – “Program Funded Advances”.
    •  Federal Acquisition Regulations.
    • Mandatory Standard Provisions for U.S. Nongovernmental Grantees (USAID Automated Directives System, Series 300).
    • All project financial and progress reports; and charts of accounts, organizational charts; accounting systems descriptions; procurement policies and procedures; and receipt, warehousing and distribution procedures for materials, as necessary to successfully complete the required work.

    3. Compliance with Agreement Terms and Applicable Laws and Regulations
    The auditor's report on compliance should set forth all material instances of noncompliance as findings. 
    Nonmaterial instances of noncompliance should be included in a separate management letter to the recipient and referred to in the report on compliance.
    The auditor's report should include all conclusions, based on evidence obtained, that an irregularity or illegal act either has occurred or is likely to have occurred.  In reporting material irregularities, illegal acts, or other noncompliance, the auditors should place their findings in proper perspective.  To give the reader a basis for judging the prevalence and consequences of these conditions, the instances identified should be related to the universe or the number of cases examined and be quantified in terms of dollar value, if appropriate.  

    4. Internal Control Structure     
    Review and evaluate the recipient's internal control structure related to projects to obtain a sufficient understanding of the design of relevant control policies and procedures and whether those policies and procedures have been placed in operation.  The auditor's understanding of the internal control structure should be documented in the working papers. 
    5. Financial statements
    The auditor shall examine the financial statements for the period covered by the audit; and the costs reported by the recipient as incurred during that period ending 30 th September 2022 and all the activities proposed by the Audit firm and now constituting the contract as mentioned in Annex 1.
    The auditor should use the steps outlined in the proposed activity chart (Annex 1) and as supplemented elsewhere in this contract as the basis for the audit programs and the review.  They are not considered all- inclusive or restrictive in nature and do not constitute relief from exercising due professional care and judgment

    See the complete RFQ on Google Drive

    Method of Application

    Offers must be received no later than 5:30PM local Abuja time on October 07, 2022 by email. All offers must be emailed to
    Please reference the RFP number in any response to this RFP. Offers received after the specified time and date will be considered late and will be considered only at the discretion of Banyan Global.


    See the complete RFQ on Google Drive

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