Auditor’s Tempo Inteiro

Request for financial proposal on provision of external audit services to ChildFund Mozambique.

Introduction

The purpose of this TOR is to request for a financial proposal on provision of statutory audit services to ChildFund Mozambique. The audit should cover the Finance period 1st July 2022 to 30th June 2023.

Background Information

ChildFund Mozambique is a Non-Governmental Organization operating in the country since 2005. The organization’s programs focus on protecting children at all stages of life against any form of abuse and supporting the formation of strong communities actively engaged in of protection systems, formal and informal. The programs that ChildFund implements are early childhood development, education, economic empowerment, emergency response, health and nutrition.

In Mozambique, ChildFund currently works with 5 Local Partners operating in Zavala District, Inhambane Province, Nampula Provence (Nampula city, Ribaue and Monapo) and Maputo City, respectively, Associação Txivuno Txa Vanana (ATTV), Reencontro, UATAF, benefiting a total of 11,266 children enrolled in sponsorship program with 6,834 individual sponsors.

Accounting and Financial Reporting Requirements

• ChildFund Mozambique adheres to a common set of governance principles and financial guidelines. These include guidelines on financial reporting and audit.
• ChildFund Mozambique prepares financial statements in accordance with ChildFund Accounting Policies and procedures, International Financial Reporting Standards and in accordance with Generally Accepted Accounting principles (GAAP).
• ChildFund Mozambique uses a web based system called e-financials in maintaining it’s books of accounts.
• ChildFund has a Global Assurance department that handles internal audit services at Country Office. There are also periodic Country Office reviews that are performed by Global Assurance. These reviews are initiated and coordinated by Global Assurance.

Objectives of the External Audit

The purpose of this TOR is to procure external audit services to perform an annual audit of the books of accounts and express an independent professional opinion on the financial position of the country office. The auditor is responsible for reviewing the financial, administrative, and operational aspects of the country office expenses to ensure compliance with Mozambique NGO practice, tax regulations, and other applicable policies, rules, and regulations.

Auditor’s Responsibility

The responsibility of the Auditor shall not be limited to the following:

• To examine and express an opinion on the financial statements of ChildFund Mozambique based on an audit conducted in accordance with International Standards on Auditing.
• The audit is expected to involve performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.
• The audit is also expected to involve a review of the Organization’s internal controls, evaluation of the appropriateness of accounting policies used, the reasonableness of accounting estimates made as well as evaluating the overall presentation of the financial statements.
• Preparation of a Management Letter on the review of internal controls and other matters arising from the audit which should be brought to the attentionof ChildFund Mozambique Management.
• Presentation to ChildFund Mozambique Management the audited financial statement report and findings.
• Signing of the audit report on the financial statements under the name of the firm.
• Routine consultation with the ChildFund team on developments in accounting, tax and new pronouncements/ promulgated by accounting standards.
• The Audit should be conducted in 30 days and the drafted report submitted on 17 th of June 2024 while signed Audit report should be submitted by 24 th of June 2024.

It’s in this regard that you are requested to send your quotations for provision of audit services for the year ended 30th June 2023, in a sealed envelope marked REF: Audit services ChildFund Mozambique, and dropped in our office.