Terms of Reference (TOR) for Hiring of an External Audit Firm for APAPER INVESTMENT COMPANY Plc
Entreprise non précisée
Published 1 day ago · Expires 1 month from now
Job description
APAPER INVESTMENT COMPANY Plc
[email masqué]
www.apaper.ac.rw
Te: /
TERMS OF REFERENCE (ToR)
Hiring of an External Audit Firm for APAPER INVESTMENT COMPANY Plc
1. Context
APAPER INVESTMENT COMPANY Plc (hereinafter referred to as “the Client”) is a legally registered investment company and the parent entity of APAPER INTERNATIONAL SCHOOL (hereinafter referred to as “the School”), a private educational institution committed to strong governance, transparency, accountability, and sound financial management. In line with best practices and regulatory requirements, the APAPER INVESTMENT Company plc intends to engage a qualified and independent audit firm to conduct and produce financial certified audit for the fiscal year 2025 (starting from 1st January to 31st December 2025).
2. Purpose of the Assignment
The purpose of this assignment is to obtain independent and professional assurance that the company’s financial statements present a true and fair view, and that its financial records are accurate, complete, and reliable in accordance with applicable accounting standards, laws, regulations, and internal policies and procedures.
3. Objectives of the Audit
The specific objectives of the audit engagement are:
Express an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
Verify the accuracy, completeness, and reliability of the company’s financial records and supporting documentation.
Assess compliance with applicable laws and regulations, including statutory and regulatory requirements governing the entity’s operations.
Identify and report material weaknesses, risks, and control deficiencies, and provide practical recommendations for improvement.
Enhance the credibility of financial information to support informed decision-making by management, the Board, and other stakeholders.
4. Scope of Work
The scope of work shall cover :
Financial Statements and Records Review
Examination of the company’s financial statements and underlying accounting records to assess their accuracy, completeness, reliability, and compliance with applicable accounting standards.
Reporting and Recommendations
Preparation of a comprehensive report presenting findings, conclusions, and recommendations aimed at improving financial management, operational efficiency, and governance effectiveness.
5. Duration of the Assignment
The assignment shall be conducted within 15 days starting from the signing of the contract.
The contract may be renewed subject to satisfactory performance and mutual agreement.
6. Deliverables
The audit firm shall submit the following deliverables:
- Audit Report in hard copy and electronic format.
- Presentation of the audit report to the General Assembly Ordinary Meeting
7. Reporting and Coordination
The audit firm shall report primarily to the Board of Directors of APAPER INVESTMENT COMPANY Plc
Final reports shall be submitted in both ha...
[email masqué]
www.apaper.ac.rw
Te: /
TERMS OF REFERENCE (ToR)
Hiring of an External Audit Firm for APAPER INVESTMENT COMPANY Plc
1. Context
APAPER INVESTMENT COMPANY Plc (hereinafter referred to as “the Client”) is a legally registered investment company and the parent entity of APAPER INTERNATIONAL SCHOOL (hereinafter referred to as “the School”), a private educational institution committed to strong governance, transparency, accountability, and sound financial management. In line with best practices and regulatory requirements, the APAPER INVESTMENT Company plc intends to engage a qualified and independent audit firm to conduct and produce financial certified audit for the fiscal year 2025 (starting from 1st January to 31st December 2025).
2. Purpose of the Assignment
The purpose of this assignment is to obtain independent and professional assurance that the company’s financial statements present a true and fair view, and that its financial records are accurate, complete, and reliable in accordance with applicable accounting standards, laws, regulations, and internal policies and procedures.
3. Objectives of the Audit
The specific objectives of the audit engagement are:
Express an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
Verify the accuracy, completeness, and reliability of the company’s financial records and supporting documentation.
Assess compliance with applicable laws and regulations, including statutory and regulatory requirements governing the entity’s operations.
Identify and report material weaknesses, risks, and control deficiencies, and provide practical recommendations for improvement.
Enhance the credibility of financial information to support informed decision-making by management, the Board, and other stakeholders.
4. Scope of Work
The scope of work shall cover :
Financial Statements and Records Review
Examination of the company’s financial statements and underlying accounting records to assess their accuracy, completeness, reliability, and compliance with applicable accounting standards.
Reporting and Recommendations
Preparation of a comprehensive report presenting findings, conclusions, and recommendations aimed at improving financial management, operational efficiency, and governance effectiveness.
5. Duration of the Assignment
The assignment shall be conducted within 15 days starting from the signing of the contract.
The contract may be renewed subject to satisfactory performance and mutual agreement.
6. Deliverables
The audit firm shall submit the following deliverables:
- Audit Report in hard copy and electronic format.
- Presentation of the audit report to the General Assembly Ordinary Meeting
7. Reporting and Coordination
The audit firm shall report primarily to the Board of Directors of APAPER INVESTMENT COMPANY Plc
Final reports shall be submitted in both ha...