Trusted listing
External Auditors at Youth Alive! Kenya (YAK)
Youth Alive! Kenya (YAK)
Nairobi, Kenya
Permanent
Published 1 month ago · Expires 3 weeks from now
Job description
We are looking for a qualified candidate to fill this position.
- The external audit is carried out in accordance with International Standards on Auditing (ISand includes such tests and auditing procedures as the auditor considers necessary for the assignment. Furthermore, for donor funded projects which require separate audit
- reports, the auditor will perform the specific procedures set out in the respective audit terms of reference.
- The responsibility for the preparation of Financial Statements lies with the Y.A.K. Secretariat and is also responsible for:
- The selection and application of accounting policies. Y.A.K. Secretariat will prepare the Financial Statements in accordance with applicable accounting standards that comply with appropriate international standards in all material respects; and
- Implementing accounting, administrative and financial procedures documented in
- manuals.
- The auditors are responsible for the formulation of an opinion on the Financial Statements based on their audit conducted in accordance with ISAs (International Standards on Auditinpromulgated by the IFAC (International Federation of Accountants). In accordance with these standards, the auditors will request the Y.A.K. Secretariat for an Engagement/Confirmation Letter committing the Y.A.K. Secretariat
- management to the preparation of the Financial Statements and maintenance of proper internal control systems as well as acceptable documentation for all financial transactions.
- The audit will be carried out in accordance with the standards specified in Section 4 above and will include such tests and verification procedures as the auditors consider necessary under the circumstances. In conducting the audit, special attention should be paid to the
- following:
- Carry out tests of transactions as are necessary, in order to obtain an understanding of the accounting system, to assess its adequacy as a basis for the preparation of the financial statements and to establish whether adequate records have been maintained as required by the Y.A.K. Financial Manual and applicable rules of the donors;
- Conduct an in-depth and exhaustive review of the internal control systems to have sufficient knowledge of the procedures underpinning the systems, as contained in the Y.A.K. Financial Manual and the applicable rules of the concerned donors;
- Confirm that although responsibility for preventing irregularity and fraud remains with the Secretariat, the audit has been planned so as to have a reasonable expectation of detecting material misstatements in the financial statements;
- Confirm that funds have been used in accordance with the applicable...