Call for expression of interest - Audit of PACI
IDA Donation n° H7990 & IDA D3340
CALL FOR EXPRESSION OF INTEREST N001 /SP-OHADA/PACI/2018
SELECTION OF A CONSULTANT FOR THE AUDIT OF THE PROJECT FINANCIAL STATEMENTS FOR 2018 FINANCIAL YEAR (CLOSING AUDIT OF THE INITIAL FUNDING) AND 2018-2019 OF THE (ADDITIONAL FUNDING INCLUDING 2018 LAST MONTHS)
This call for expression of interest follows the General Procurement Notice for the Project published in UNDB on-line paper form of July 17, 2013.
The Organization for the Harmonization of Business Law in Africa (OHADA) received a donation from the International Development Association (IDA), and intends to use part of this amount to make payments under the contract for the services of the firm that will be hired for the Audit of the financial statements of the Project for the financial year 2018 (closing audit of the initial funding) and 2018-2019 of the (additional funding including the last months of 2018).
The consulting firm's mission is related to the audit of the financial statements of the Project for the 2018 financial year (closing audit of the initial funding) and 2018-2019 of the (additional funding including the last months of 2018). This task will allow the auditor to present a professional opinion on the financial position of the PACI at the end of the period, as well as the funds received and expenditures made during that period, on the statement of expenditures, the designated account etc.
The audit of the Project accounts will be conducted in accordance with IFAC's International Standards on Auditing (ISA) and will include audit tests and procedures as well as audits that the auditor deems necessary in the circumstances. The auditor will ensure that:
- all external resources have been used in accordance with the applicable Financing Agreements for the sake of economy and efficiency and only for the purposes for which they were granted in order to achieve the project's development objectives;
- the goods and services financed were awarded in accordance with the provisions of the applicable financing agreements
- all necessary records, accounts and paperwork have been kept in respect of the various project operations, including expenditure covered by statements of expenditure or special accounts;
- the maintenance of special accounts in accordance with the provisions of the applicable financing Agreement;
- the project accounts have been prepared on the basis of the systematic application of the OHADA accounting standards and give a true and fair view of the financial position of the project at the end of each financial year, as well as the resources received and the expenditures made during the year then ended; (2) financial statements; (3) statements of expenditure: (i) the Auditor is required to verify, in addition to the financial statements, all statements of expenditure submitted in support of requests for withdrawals; (ii) he must carry out all the checks and inspections he considers necessary in the circumstances; (4) designated accounts: the Auditor is required to verify, in addition to the financial statements, the movement of funds on the special accounts related to the project:(a) deposits and replenishments made by the Bank; (b) payments made in response to withdrawals of funds; (c) interest accruing on the balances meant for the Borrower and; (d) balances at the end of each financial year; and (5) the auditor's reports: at the end of each financial year, the auditor is required to provide: (i) the audit report which will contain (a) the professional opinion of the auditor on the financial statements of the project, the financial statements itself and the notes on the finance officers; (b) the separate opinion on the Statement of Expenditures (RDD) and (c) the separate opinion on the special accounts relating to the rational and appropriate use of the funds deposited therein and the closing balance and (ii) the internal control report (the Management Letter) reporting on any weaknesses in the system, assessing the risks associated with these deficiencies and proposing relevant and practical recommendations with an action plan and a calendar of implementation and; (iii) the financial statements including the audit report and the management letter should reach the World Bank within six (6) months following the end of the financial year to which the audit relates.
The Consultant must be an internationally renowned and independent Audit and Accounting Firm with the regular occupation of auditing the accounts of a professional accounting body recognized by IFAC or FIDEF and having a proven experience in financial auditing accounts of development projects, including projects financed by the World Bank.
The Investment Climate Improvement Project within the OHADA Space invites eligible applicants to express their interest in providing the services described above. Interested consulting firms should provide information indicating that they are qualified to perform the services (brochures, references on the performance of similar contracts, experience under similar conditions, availability of appropriate skills among staff, etc.).
Consulting firms can partner to strengthen their respective skills.
In accordance with the audit rotation procedures put in place, the mandate of the audit is not renewable consecutively, unless the donator advises otherwise.
A consultant will be selected in accordance with clause 3.6 of Section III of the Guidelines: Selection and Employment of Consultants by World Bank Borrowers, May 2004 revised in October 2006 and January 2011.
Interested consultants may obtain additional information at the following address at the following times: from 9:00 am to 3:30 pm local time.
Expressions of interest must be filed at the address below by October 10, 2018 at 2:00 pm local time with the following statement:
EXPRESSION OF INTEREST N°001/SP-OHADA/PACI/2018
Hiring of a consultant for the audit of the project financial statements for the 2018 financial year (closing audit of the initial funding) and 2018-2019 of the (additional funding - including 2018 last months)
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B.P 10071 Yaounde (Cameroun) - Tel.: +237 222 21 09 05 - Fax: +237 222 21 67 45 - E-mail: secretariat@ohada.org
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The Permanent Secretary,
Prof. Dorothé C. SOSSA