Request for Proposal – External Financial Audit for GISCOR BHA Project (August 2024 – August 2025) at Grassroot Initiative for Strengthening Community Resilience

An exciting opportunity has arisen for a motivated professional. Reference: GISCOR/FIN/AUDIT/BHA/2025/01 Subject: Request for Proposal – External Financial Audit for GISCOR BHA Project (August 2024 – August 2025) Background Grass Root Initiative for Strengthening Community Resilience (GISCOR) is a non-governmental, non-profit organization working to enhance the resilience of vulnerable communities in Northeast Nigeria through humanitarian and development programs. GISCOR implements various donor-funded projects, including the Bureau for Humanitarian Assistance (BHA) funded project, aimed at supporting livelihood recovery, WASH, nutrition, and protection services in conflict-affected communities. To ensure transparency, accountability, and compliance with donor regulations, GISCOR seeks the services of an independent External Auditor to conduct a financial audit for the BHA-funded project covering the period August 2024 to August 2025. Purpose of the RFP The purpose of this RFP is to invite qualified and reputable audit firms to submit technical and financial proposals for the annual external audit of GISCOR’s BHA project. The audit will be conducted in accordance with International Standards on Auditing (ISA) and USAID/BHA financial compliance requirements, with the objective of expressing an opinion on the project’s financial statements and ensuring funds were utilized in line with donor agreements and organizational policies. Objective of the Audit The main objectives of the external audit are to: - Express an independent professional opinion on the project’s financial statements for the period under review. - Verify that the financial statements present fairly, in all material respects, the financial position of the project in accordance with generally accepted accounting principles. - Assess compliance with USAID/BHA regulations, grant agreements, and GISCOR’s internal financial and procurement policies. - Review the adequacy and effectiveness of internal controls. - Identify any ineligible or questioned costs and provide recommendations for corrective actions. Scope of Work The audit will cover all financial activities under the BHA project from 7th August 2024 to 8th August 2025, including but not limited to: - Review of all income and expenditure transactions. - Verification of supporting documentation for payments, procurements, and payroll. - Examination of bank reconciliations, cash management, and fixed asset registers. - Assessment of compliance with donor cost principles and budget utilization. - Verification of sub-grantee expenditures (if applicable). - Review of financial reporting accuracy and timeliness. - Evaluation of internal control systems and risk management practices. The auditor will also provide a Management Letter outlining key findings, weaknesses, and recommendations for improvement. Deliverables The selected audit firm will be expected to provide: ...