Project Audit Christian Blind Mission

Introduction

Presented in this advert is a summary of the Terms of Reference. The full documentation can be requested from procurement.zambia@cbm.org, Subject ‘Request for TOR – CBM Project Audit – Organisations Name’

Please call +260960440075 if you do not receive a response of TORs within 1hr.

CBM Country Office Zambia, agrees to engage ‘the Auditor’ to perform an audit of the funds received and payments made by the Reporting Entity Beit Cure Hospital incurred under the BMZ co-financed contract on the cover sheet. The ToRs will become an integral part of the contract concluded between the Contracting Authority and the Auditor.[1]

2.  Background and Objective
The Reporting Entity received funds from Christoffel-Blindenmission (CBM) to implement the project named on the coversheet of the ToRs. The funds transferred by CBM to the Reporting Entity are co-financed by the German Ministry of Economic Development and Cooperation (BMZ). Therefore, the funds need to be disbursed in accordance with BMZ rules and regulations. The Ministry is informed annually about the funds the Reporting Entity received from CBM and the disbursement of these funds.

The objective of this audit is:

• to express an opinion on the project financial statement for the following reporting period:
• Annual audits and a final audit, covering the entire duration of the project (01/09/2018-30/04/2022). The different audits are subject of a framework contract. For each individual audit, the Auditor shall receive a separate contract.
• to issue reports as stipulated in Section 7 of the detailed TORs

3.  Standard and Ethics
The Auditor shall undertake this engagement in accordance with the International Federation of Accountants (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 about integrity, objectivity, independence, professional competence and due care, confidentiality, professional behaviour and technical standards.

The Contracting Authority requires that the Auditor be independent from the Reporting Entity and complies with the independence requirements of the IFAC Code of Ethics for Professional Accountants.

4.  Qualifications of the Auditor

General requirements

• By agreeing to the ToRs, the Auditor confirms meeting at least one of the following conditions and provides written proof:
• The Auditor is a member of a national/international accounting or auditing body or institution which in turn is a member of the International Federation of Accountants (IFAC).
• The Auditor is a member of a national/international accounting or auditing body or institution. Although this organisation is not member of the IFAC, the Auditor commits to undertake this expenditure audit in accordance with the IFAC standards and ethics.
• The Contracting Authority is obliged to prove the qualification of the Auditor to BMZ by a confirmation of the German Embassy or a recognised national/international institution (e.g. Chamber of Commerce or official Association of Auditors).

Qualifications:

• The Auditor has appropriate professional qualifications and suitable experience with IFAC standards, and with experience in verifying financial information of projects comparable in size and complexity to the project subject to this audit. In addition, the Auditor should
• have experience with projects related to development cooperation funded by national and/or international donors and institutions.
• A firm must have undergone quality audit inspection in the past three years from the Zambia institute of chartered accountants.
• hold a relevant university degree or professional qualification. He should have at least 6 years of experience as a professional Auditor or accountant in public audit practice including relevant managerial experience of leading audit teams.