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expenditure verification report on project financial administration and statements

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expenditure verification report on project financial administration and statements

Now Open
  • Viewed - 79

Description

VIS (Volontariato Internazionale Per Lo Sviluppo) Ethiopia and Salesians of Don Bosco (SDB) require an audit company to carry out an expenditure verification report on project financial administration and statements funded by donor grants.

Here is the organized summary of the Invitation to Bid for External Audit Services from VIS Ethiopia and Salesians of Don Bosco (SDB).


📋 VIS Ethiopia & SDB: Invitation to Bid for External Audit Services

 

📌 Assignment Overview

 

Client VIS (Volontariato Internazionale Per Lo Sviluppo) Ethiopia and Salesians of Don Bosco (SDB)
Service Required Expenditure Verification Report on project financial administration and statements funded by donor grants (Austrian Development Agency – ADA).
Standard In accordance with International Standards on Auditing (ISAs) and the ADA Guidelines for Expenditure Verification.
Objective To provide reasonable assurance that financial statements are free from material misstatement.

📅 Deadline and Submission

 

Action Date Time
Proposal Submission Deadline December 10, 2025 5:00 PM (EAT)
Proposal Validity Must be valid for 30 days from the submission deadline.
TOR Collection Can be received starting now from the VIS Ethiopia Office.

💼 Requirements for the Auditor

 

The Auditor must meet the following criteria:

  • Professional Status: Must meet at least one of the conditions related to membership in the International Federation of Accountants (IFAC) or registration as a statutory auditor in an EU member state or third country public oversight register.

  • Independence: Must not have been involved in the operation’s accounting, or worked as a tax/business consultant, and must not be personally connected to the organization being audited.

  • Expertise: Must employ staff with appropriate professional qualifications and suitable experience with:

    • IFAC standards.

    • Verifying financial information of projects comparable in size and complexity.

    • Sufficient knowledge of relevant laws and regulations in the countries concerned (company law, taxation, social security, labor regulations, accounting, and reporting).

📝 Proposal Content

 

The offer should include the following:

  • Description of planned audit implementation.

  • Schedule of activities.

  • Auditor’s fees (clearly outlining VAT if applicable).

  • Auditor’s CV and/or company profile.

  • Confirmation that the auditor will carry out the audit in accordance with the Terms of Reference (ToR).

📊 Selection Criteria

 

The best offer will be selected based on a weighted system:

  • Price: 70%

  • Quality of the offer: 30%

📍 Submission and Contact Information

 

Proposals (hard copy) and TOR collection are at the following address:

  • Office: VIS Ethiopia Office, Attn: Finance Department

  • Address: Kirkos Sub city, Woreda 02, House no: 360, Chilalo Building, third floor, Gabon St, around Global Hotel, Addis Ababa.

  • P.O. Box: 531

Electronic Submission (Email):

  • Omar Fakkar: admin.ethiopia@volint.it

  • Elibat Ashenafi: finance.addis@volint.it

  • Daniel Tamirat: logistics.addis@volint.it

Clarifications/Questions: Must be submitted in writing via email to Omar Fakkar (admin.ethiopia@volint.it), Elibat Ashenafi (finance.addis@volint.it), and Sara De Nardi (s.denardi@volint.it).

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