Terms of Reference (TOR) Procurement of External Audit Services

Background

WaterAid is an international non-governmental organization dedicated to improving access to safe water, sanitation and hygiene (WASH) for the world's poorest and most marginalised communities. Founded in 1981, WaterAid works in multiple countries through partnerships with governments, communities, and local organizations to deliver sustainable WASH solutions and influence policy, with the overarching goal of ensuring everyone, everywhere has access to these essential services.

In line with statutory requirements, donor regulations, and good governance practices, WaterAid Rwanda seeks to engage a qualified and independent external audit firm to conduct its annual financial audit.

Objective of the Assignment

The objective of this assignment is to provide an independent professional opinion on whether the organization's financial statements present fairly, in all material respects, its financial position and results of operations in accordance with the applicable accounting framework and donor requirements.

The audit will also provide assurance over the management and use of funds implemented through partner organizations, including verification at partner level.

Scope of Work

Financial Audit

Conduct an audit of the organization's annual financial statements in accordance with:

• International Standards on Auditing (ISA) or other applicable auditing standards
• Applicable accounting standards (e.g. IFRS and local standards, as applicable)
• Express an audit opinion on the financial statements

Implementing Partner Review

Perform audit procedures related to implementing partners receiving funds from the organization, including:

• Review of partner financial records related to the organization-funded activities
• Verification of expenditures, supporting documentation, and compliance with partnership agreements
• On-site verification procedures