Announcement for Provision of Audit Services
CARE is an international development organization fighting global poverty with a special focus on working with women and girls to bring sustainable changes to their communities.
CARE aims to tackle the underlying causes of poverty and social injustice and to bring lasting change to the lives of poor and vulnerable people.
Founded in 1945, today CARE works in over 90 countries around the globe.
Today, CARE focuses on empowering particularly marginalized and vulnerable women, including urban women who are marginalized by occupation, rural women who are denied multiple rights, and women and girls from ethnic minorities.
CARE Deutschland e.V. would like to invite qualified audit firms operating in Türkiye to submit a technical and financial proposal for the provision of project financial audit services for the project period starting from 01-April-2021 to 31-May-2023 (2 years project) with a total budgeted project volume of 15,883,395.09 EUR.
I.
RESPONSIBILITY:
‘The Auditor’ is responsible for performing the agreed-upon procedures as specified in this ToR. ‘Auditor’ refers to the audit firm contracted for performing this engagement and for submitting a report of factual findings to the Beneficiary. ‘Auditor’ can refer to the person or persons conducting the verification, usually the engagement partner or other members of the engagement team. The engagement partner is the partner or other person in the audit firm who is responsible for the engagement and for the report that is issued on behalf of the firm, and who has the appropriate authority from a professional, legal or regulatory body.
By agreeing this ToR the Auditor confirms that he/she meets at least one of the following conditions:
The Auditor and/or the firm is a member of a national accounting or auditing body or institution which in turn is member of the International Federation of Accountants (IFAC).
The Auditor and/or the firm is a member of a national accounting or auditing body or institution. Although this organisation is not member of the IFAC, the Auditor commits him/herself to undertake this engagement in accordance with the IFAC standards and ethics set out in this ToR.
The Auditor and/or the firm is registered as a statutory auditor in the public register of a public oversight body in an EU member state in accordance with the principles of public oversight set out in Directive 2006/43/EC of the European Parliament and of the Council (this applies to auditors and audit firms based in an EU Member State1).
The Auditor and/or the firm is registered as a statutory auditor in the public register of a public oversight body in a third country and this register is subject to principles of public oversight as set out in the legislation of the country concerned (this applies to auditors and audit firms based in a third country).
1 Directive 2006/43 of the European Parliament and of the Council of 147 May 2006 on statutory audits of annual accounts and consolidated, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253 EEC.
II.
Subject of the Engagement
The subject of this engagement is the final Financial Report in connection with the Grant Contract for the period covering 01-April-2021 to 31-May-2023 and the action entitled” Multi-sector Emergency Response to Northwest Syria”.
III.
Reason for the Engagement
The Coordinator is required to submit to the donor an audit report produced by an external auditor.
IV.
Engagement Type and Objective
This audit is an engagement to perform certain agreed-upon procedures with regards to the Financial Report for the Grant Contract. The objective of this audit is for the Auditor to carry out the specific procedures listed in Annex 2B of the ToR and to submit to CARE Deutschland a report of factual findings regarding the specific verification procedures performed.
V.
Standards and Ethics
The Auditor shall undertake this engagement in accordance with:
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The International Standard on Related Services (‘ISRS’) 4400 Engagements to perform Agreed-upon Procedures regarding Financial Information as promulgated by the IFAC.
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The IFAC Code of Ethics for Professional Accountants, developed and issued by IFAC’s International Ethics Standards Board for Accountants (IESBA), which establishes fundamental ethical principles for Auditors regarding integrity, objectivity, independence, professional competence and due care, confidentiality, professional behavior and technical standards. Although ISRS 4400 provides that independence is not a requirement for agreed-upon procedures engagements, the donors require that the Auditor is independent from the Beneficiary(ies) and complies with the independence requirements of the IFAC Code of Ethics for Professional Accountants.
VI.
Procedures, Evidence and Documentation
The Auditor plans the work so that an effective audit can be performed. The Auditor performs the procedures listed in Annex 2B of the ToR. The evidence to be used for performing the procedures is all financial and non-financial information which makes it possible to examine the expenditure claimed by CARE Deutschland in the Financial Report. The Auditor uses the evidence obtained from these procedures as the basis for the report of factual findings. The Auditor documents matters which are important in providing evidence to support the report of factual findings, and evidence that the work was carried out in accordance with ISRS 4400 and the ToR.
VII.
Reporting
The report on this audit should describe the purpose, the agreed-upon procedures and the factual findings of the engagement in sufficient detail to enable CARE Deutschland and the donors to understand the nature and extent of the procedures performed by the Auditor and the factual findings reported by the Auditor.
How to apply
VIII.
APPLICATION INFORMATION:
Firms meet the above criteria must request the detailed Terms of Reference from “[email protected]“ to submit their proposals via email at “[email protected]” as follows:
a)
Technical Proposal containing:
•
Confirmation of the Firm’s understanding of the Terms of Reference and its capacity and capability to deliver on the TOR. (half page)
•
The Audit methodology/approach, work plan and timelines for undertaking and completing the assignment, and deliverables. (up to 2 pages)
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Profile of the audit firm.
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Evidence of a member of a national accounting or auditing body and member of the International Federation of Accountants (IFAC).
•
Certificate of Registration with Accounting and Auditing Regulator (ACAR) is a plus
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VAT registration certificate.
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The CVs of the key staff proposed to do the assignment.
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Appropriate references to demonstrate the experience specified in the TOR.
b)
Financial Proposal indicating the proposed fees and other expenses.
The proposal should be submitted with the subject line clearly written as “REQUEST FOR PROPOSALS: PROVISION OF AUDIT SERVICES” not later than 30 June 2024.
No hard copies will be accepted.
Questions should be addressed to the same email (not by phone) no later than 20 June 2024.
IX.
Selection Process:
The selection process will include a review of all submitted applications and reference checks. The agency that best demonstrates its ability to meet the primary objective of this consultancy (within the proposed time frame) with the most relevant qualifications and experience will be selected.
The detailed Terms of Reference must be requested from “[email protected]“!!!