SELECTION OF A FIRM FOR THE INTERNAL AUDIT OF THE CORAF EXECUTIVE SECRETARIAT

CALL FOR EXPRESSIONS OF INTEREST

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SELECTION OF A FIRM FOR THE INTERNAL AUDIT OF THE CORAF EXECUTIVE SECRETARIAT

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Opening date: September 29, 2021

Closing date: October 22, 2021

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CEI N° 32-2021

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  1. For the implementation of its activities, CORAF receives funds from several donors. These funds are managed by the CORAF Executive Secretariat.
  2. With a view of ensuring transparency in the management of these funds, CORAF is seeking an Audit Firm to carry out the internal audit mission of the funds managed by CORAF.
  3. The Executive Director of CORAF invites firms specializing in the specified field to express their interest in carrying out this mission.
  4. The objective of this mission is to; a) express an independent professional opinion with regard to the efficiency, effectiveness and economy of CORAF’s operations; b) assess the adequacy and effectiveness of financial management and internal control systems; c) ensure compliance with the implementation guidelines and procedures established by the Organization; d) provide timely information and recommendations to management on improving systems.
  5. Firms must provide an expression of interest file including: a letter of expression of interest, references concerning experiences of similar assignments as well as any information concerning the experts proposed for the assignment.
  6. The Audit Firm must propose a team of two (2) experts including a Chief Internal Auditor and a Principal Internal Auditor with experience in similar missions and having a good command of the OHADA accounting system (SYSCOHADA). They must have experience in the verification of financial information of entities comparable in size and complexity to that of CORAF.
  7. The firm will be selected using the Selection based on the Qualifications of the Consultant Method (SQC) in accordance with CORAF’s Administrative and Financial Procedures Manual.

The selection criteria are defined below:  

  1. Chief Internal Auditor (60 points)
  2. General qualifications (25 points):
  3. Degree: A Category 1 expert (Chief Internal Auditor) must have completed a university program with at least (MSc) in accounting, finance, auditing, business administration, economics, engineering, IT, mathematics or law, or MBA. Professional audit certification (preferred) such as: Certified Internal Auditor (CIA), Chartered Accountant (CPA), Certified Fraud Examiner (CFE) and Certified Information Systems Auditor (CISA) – Scored out of 10 points.
  4. Professional experience: He / she must have at least 12 years of professional experience as a professional auditor or accountant in public auditing. The audit Partner will be the person responsible for the specific contract and its execution as well as the report issued on behalf of the firm. He / she must have the appropriate professional authority – Scored out of 15 points.
  5. Specific experience (35 points)
  6. The Chief Auditor must have at least three (3) specific references of similar missions carried out on behalf of an Institution or Organizations benefiting from external funding (support by donors) – Scored out of 30 points.
  7. He/she must have professional experience acquired during the last five (5) years in West Africa – Scored out of 5 points.
  • Principal Internal Auditor (40 points)
  • General Qualifications (15 points):
  • Degree: A qualified expert with a university degree or relevant professional qualification, i.e. at least (MSc) in accounting, finance, auditing, business administration, economics, engineering, IT, mathematics or law, or MBA – Noted on 5 points.
  • Professional experience: Must have at least 6 years of experience as a professional auditor or accountant in public audit, including relevant management experience leading audit teams. He / she must be a member of a national or international accounting or auditing body or institution – Scored out of 10 points.
  • Specific experience (25 points)
  • The principal internal auditor must have at least two (2) specific references of similar missions carried out on behalf of an Institution or Organizations benefiting from external funding (support by donors) – Scored out of 20 points
  • He/she must have professional experience acquired during the last five (5) years in West Africa – Scored out of 5 points.

NB: The applicant ranked 1st at the end of the file study will be invited for negotiation before the signing of the contract.

  • Interested firms and agencies can obtain additional information from the CORAF Executive Secretariat by sending correspondence to CORAF by email to procurement@coraf.org from 9am to 4pm GMT.
  • Applications from firms must be submitted by e-mail to the following address: procurement@coraf.org  on October 22, 2021 before 10am at the latest.

Dr Abdou TENKOUANO

CORAF Executive Director