RECRUITMENT OF A FIRM FOR AUDIT OF IFAD RESOURCES MANAGED BY CORAF EXECUTIVE SECRETARIAT Fiscal Years 2020, 2021 and 2022

CALL FOR EXPRESSION OF INTEREST

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RECRUITMENT OF A FIRM FOR AUDIT OF IFAD RESOURCES

MANAGED BY CORAF EXECUTIVE SECRETARIAT

Fiscal Years 2020, 2021 and 2022

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Opening Date: March 26, 2021

Closing Date: April 16, 2021

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CEI No. 14-2020 – RELAUNCH

DOWNLOAD THE ENTIRE CEI HERE

  1. For the implementation of its activities, CORAF receives funds from multi donors included IFAD. These funds are managed by the CORAF Executive Secretariat.
  2. For the sake of transparency in the management of IFAD funds, CORAF is seeking an International Audit Firm to carry out the audit assignment.
  3. The Executive Director of CORAF invites firms with the profile sought as indicated in the terms of references herewith to express their interest in this appeal.
  4. Firms should provide a complete record of expression of interest consisting of: references concerning the performance and experience of similar services, and the updated CV for key staff as well as any information concerning its organization.
  5. The audit firm must be a firm of international reputation with experience of similar missions and a good command of the OHADA Accounting System (SYSCOHADA). In addition, the auditor must provide a good ability to audit the financial statements of an institution managing several development programs, have a good knowledge of IFAD procedures.
  6. The team responsible for this audit will be led by a Certified Public Accountant registered with a recognized professional accounting body and will include a Head of Mission (Auditor Manager) Certified International Public Accountant Standards registered with a recognized accounting professional, a Procurement Specialist and Senior Auditor with significant experience in auditing and analyzing accounts. The resume of key staff should be attached to the expression of interest.
  7. The firm will be selected according to the selection method based on qualifications of consultant in accordance with the CORAF Administrative and Financial procedures Manual, in accordance with the criteria below:

A. Firm experience (25 points)

Experience for similar assignments (Appropriate experience with IFAC standards and / or experience in auditing financial information of comparable entities financed by technical and financial partners) scored out of 25 points (5 points per relevant reference).

NB: References must be accompanied by a certificate of service made to be admissible.

   B.  Qualification of the Audit Team to conduct the mission (scored out of 75 points)

1.  Partner or Audit Associate: scored out of 20 points

– General qualification (8 points):

  • Qualification: Hold a Chartered Accountant’s diploma or equivalent member of a national or international accounting or auditing body or institution. (3 points)
  • Professional experience: Have twelve (12) years of professional experience as a professional auditor or accountant in the practice of public audit: (Experience >= 12 years = 5 points; Experience <12 years = 0 points)

Specific experience (12 points):

  • Have carried out at least five (4) similar audit assignments as Associate Auditor (3 points per assignment carried out).

2. Auditor Manager: scored out of 15 points

– General qualification (5 points):

  • Qualification: Hold a diploma in Finance, Accountancy, Management or equivalent at master’s degree level or equivalent member of a national or international accounting or auditing body or institution (2 points)
  • Professional experience of having at least 6 years of experience as a professional auditor or accountant in the practice of public audit, including relevant management experience leading audit teams: (Experience >= 6 years = 3 points Experience  < 6 years = 0 point)

Specific experience (10 points):

  • Have carried out at least four (4) similar audit assignments as Auditor Manager (2,5 points per assignment carried out).

3. Senior Auditor: scored on 15 points

– General qualification (5 points):

  • Qualification: Hold a diploma in Finance, Accountancy, Management or equivalent at master’s degree (2 points)
  • Professional experience having at least 3 years of experience as a professional auditor or accountant in the practice of public audit: (Experience >= 3 years = 3 points; Experience < 3years = 0 point)

Specific experience (10 points):

  • Have carried out at least three (4) similar audit assignments as a professional auditor (2,5 points per assignment carried out)

4. Procurement Specialist: rated out of 15 points

– General qualification (5 points):

o Qualification: Hold a diploma in Management, Economics, Procurement or equivalent at Bac + 4/5 level (2 points)

o Professional experience having at least 6 years of experience as an auditor in public procurement: (Experience >= 6 years = 3 points; Experience <  6 years = 0 point)

– Specific experience (10 points):

o Have carried out at least four (4) similar audit missions as Auditor in public procurement or projects financed by technical and financial partners (Donors) (2,5 points per mission carried out)

5. Assistant Auditor: scored out of 10 points

General qualification (5 points):

  • Qualification: Hold a diploma in Finance, Accountancy, Management or equivalent at Bac+2/3 degree or equivalent (2 points)
  • Professional experience of at least 6 months in the practice of public auditing: (Experience ³ 6 months = 3 points; Experience < 6 months = 0 point)

Specific experience (5 points):

  • Have carried out at least one (1) similar audit assignment as Deputy Auditor (5 points)

The firm ranked first will be invited for negotiation after having drawn up a technical and financial proposal on the basis of the terms of reference.

8. Interested firm may obtain additional information from CORAF Executive Secretariat by sending correspondence procurement@coraf.org.   

9. Expressions of interest must be submitted by e-mail to procurement@coraf.org, on April 16, 2021 at 11:00 GMT at the latest.

Dr Abdou TENKOUANO

CORAF Executive Director