IFDC Ethiopia Office. The audit aims to ensure the integrity and transparency of the organization’s financial practices and compliance with applicable laws and regulations.

This organized summary outlines the Terms of Reference (ToR) for the 2025 Annual Financial Audit of the International Fertilizer Development Center (IFDC) Ethiopia Country Office.

🏛️ Organization Background

The IFDC is a U.S.-based nonprofit Public International Organization dedicated to soil health, food security, and sustainable agricultural solutions through innovative research and market systems development.

🎯 Audit Objectives

• Independent Opinion: Provide an accurate assessment of the fairness of IFDC Ethiopia’s financial statements.

• Compliance: Ensure adherence to International Standards on Auditing (ISA) and Ethiopian regulatory requirements.

• Internal Controls: Evaluate the effectiveness of risk management and internal financial processes.

📅 Key Timeline (2026)

📋 Submission Requirements

Interested firms must be classified as Tier 1 or Tier 2 and submit their proposals in a sealed envelope (and soft copy via email) including:

• Firm Profile: Detailed experience auditing International NGOs (INGOs).

• Key Personnel: Profiles of the specific team members conducting the audit.

• Methodology: A detailed approach to the audit process.

• Financials: Fee structure in ETB (including taxes) and proposed timeline.

• Legal Docs: Registration certificate, renewed business license, TIN, and VAT registration.

• References: Proof of similar work with other organizations.

⚖️ Evaluation & Payment Terms

Evaluation Criteria:

• Technical Approach & Methodology: 60%

• Financial Proposal: 40%

Payment Schedule:

• 50% upon commencement of the assignment.

• 50% upon approval of the final reports.

📍 Contact & Submission Location

• Email: procurementethiopia@ifdc.org

• Physical Address: IFDC Ethiopia, Axum Building, 2nd Floor, near Urael, Ghana Road, Addis Ababa.

• Phone: +251 11-522-6522

• Website: www.ifdc.org