Audit Terms Of Reference

Job Description

A local NGO is in the process of rotating its auditors in compliance with its Accounting Manual and is seeking all interested audit firms with experience in auditing not for profit making organizations to submit their proposals.

The organisation’s directors and management are responsible for preparing the annual financial statement. They will follow applicable accounting standards (IFRS) and implement accounting, administrative, and financial procedures outlined in the organisations’ manuals. The organisations’ financial year ends on December 31st each year. Auditors will be rotated every five years at the discretion of the organisations Board of Directors.

Duties and Responsibilities

OBJECTIVES AND SCOPE OF THE AUDIT
The main objective of conducting an audit is for the auditors to express an independent professional opinion regarding the organisation’s statement of income and expenditure and other comprehensive income, statement of financial position, statement of changes in funds, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies for the year, in compliance with the law of Zimbabwe.
Additionally, the audit must ensure that the funds granted to the Organisation have been utilized appropriately. To achieve this, the audit should be carried out in accordance with applicable International Standards on Auditing (ISAs) set by the International Federation of Accountants (IFAC).

Qualifications and Experience

QUALIFICATIONS
•​Registered audit firm in accordance with the laws of Zimbabwe
•​The auditor must be completely independent from all aspects of management or financial interests in the entity.

How to Apply

SUBMISSION OF PROPOSAL
Interested and qualified audit firms should submit their application which include profile and financial proposal to [email protected] by 14 December 2023.

Local NGO logo

Location: Harare
Company: Local NGO
Expiry Date: 2023-12-14 00:00:00