GM:Growth & Competitiveness - P114240
National Audit Office | Published December 10, 2014 - Deadline December 29, 2014
Recruitment Of External Auditor For Gcp
GAMBIA GROWTH AND COMPETITIVENESS PROJECT
REQUEST FOR EXPRESSIONS OF INTEREST
RECRUITMENT OF EXTERNAL AUDITOR FORGCP
PROCUREMENT METHOD: SELECTION BASED ON CONSULTANTS'QUALIFICATIONS(CQS)
Grant No. H614-GM
Project ID No.P114240
Date: 10 December2014
Procurement Plan No.:GCP/CS53
The ProjectDevelopment Objective (PDO) is to improve the investment climate and strengthen the competitiveness of key sectors of the Gambianeconomy.
The Project value is US$ 12,000,000 and it is fully financed by theWorld Bank/IDA.
The implementation arrangements are;
The Ministry of Trade, Regional Integration and Employment (MOTIE) is theresponsible Ministry. The MOTRIE has been designated by the Government as the Ministry that has overall responsibilityfor the Project and will provide oversight and support for the Project implementation. The MTC and the Ministry of Agriculture arethe other key Ministries responsible for implementation of the tourism and horticulture sub-components respectively.
A Project Coordination Unit (PCU) has been established under the MOTIE. The PCU is headed by a ProjectCoordinator who will report to a Private-Public Steering Committee (PSC) and the Permanent Secretary of MOTRIE who is the focalpoint in MEPID for all matters related to the GCP. The PSC consists of Permanent Secretaries of the key Ministries and heads ofagencies including the MTC, Ministry of Agriculture, Ministry of Trade and Employment, Attorney General and Ministryof Justice,Ministry of Finance, the GRA, the key Municipalities, theNational Environment Authority and the Central Bank and an equal number ofrepresentatives from the private sector. The PSC is chaired by the Permanent Secretary, Ministry of Trade, Regional Integration and Employment(MOTRIE). The PSC isexpected to perform an oversight role, review and approve work plans andbudgets, monitor Project performance and support theoverall implementation of the Project. The PCU will also function as the Secretariat to the PSC.
The accounting period to be covered by the audit.>
1) Full annual accounts ? January to December 2014 to January to December 2015
OBJECTIVE OF THE PROJECT AUDIT
The objective of the audit ofthe Project Financial Statements (PFSs) is to enable the auditor to express a professional opinion(s) on the financial position ofthe project at the end of each fiscal year, and on funds received and expenditures incurred for the relevant accountingperiod.
The projectbooks of accounts provide the basis for preparation of the PFSs by the project implementing agency and are established to reflectthe financial transactions in respect of the project. The implementing agencymaintains adequate internal controls and supporting documentation for transactions..
SCOPE OF THE AUDIT
As statedabove, the audit of the project will be carried out in accordance with International Standards on Auditing (ISA) promulgated by theInternational Federation of Accountants (IFAC), and will include such tests and auditing procedures as the auditor will considernecessary under the circumstances. Special attention should be paid by the auditor as to whether the:
(a) World Bank financing (and all externalfinancing where the World Bank is not the only financier) has been used in accordance with the conditions of the relevant financingagreement, with due attention to economy and efficiency, and only for the purposes for which the financing was provided ?in accordance with financing agreement dated October 10,2010.
(c) Goods, works and services financed have beenprocured in accordance with the relevant financing agreements includingspecific provisions of the World Bank Procurement Policies andProceduresMay 2004 revised October 2006 and May2010
(b) All necessary supportingdocuments, records, and accounts have been maintained in respect of all project activities, including expenditures reported usingStatements of Expenditure (SOE) or Interim Unaudited FinancialStatements (IFS) methods of reporting. The auditor is expected toverify that respective reports issued during the period were in agreementwith the underlying books of account;
(e) Designated Accounts (if used) have been maintained in accordance with theprovisions of the relevant financing agreements and funds disbursed out of the Accounts were used only for the purpose intended inthe financing agreement;
(f) National laws and regulations have been complied with, and that the financialand accounting procedures approved for the project (e.g. operational manual, financial procedures manual, etc.) were followed andused;
(g) Financial performance of the project issatisfactory.
(h) Assets procured from project funds exist and there is verifiable ownership by theimplementing agency or beneficiaries in line with the financing agreement.
(i) Ineligible expenditures included in withdrawal applications areidentified and reimbursed to the Designated Accounts. These should be separately noted in the auditreport.
The auditor should pay particular attention as tothe compliance with the Bank's procedures and the balances of the Designated Accounts at the end of the fiscal year (or period).The auditor should examine the eligibility of financial transactions during the period under examination and fund balances at theend of such a period, the operation and use of the DAs in accordance with the relevant general conditions, relevant financingagreements and disbursement letter, and theadequacy of internal controls for this type of disbursement mechanism.
For this Project, the Designated Accounts are referredto in the general conditions, the FinancingAgreement (subsection 5.3) and Disbursement Letter (para. I).
The auditor should also examine eligibility and correctness of:
· Financial transactions during the period underreview;
· Account balances at the end of such aperiod;
· The operation and use of the Designated Account inaccordance with the financing agreement; and
· The adequacy of internal controls for the type ofdisbursement mechanism.
Team and their minimum qualifications areindicatedbelow:
(a) The audit team should be led by a graduate Audit Partner with minimum of 12 years post qualification experience as apracticing Chartered Accountant.
(b) Day-to-day management of the audit should be the responsibility of an Audit Manager/Partner with at least 5 years ofpost qualification experienceas a practicing Chartered Accountant.
(c) The audit team to include a Procurement Specialist with 3 years experience. The Specialist should also be familiar with IDA Procedures.
(d) Inaddition, the audit team should include sufficient number of appropriate staff (audit senior, junior staff etc), commensurate withthe size andscope of the assignment.
The consultant will be selected under SelectionBased on Consultants' Qualification method. The Consultant will be selected inaccordance with the procedures set out in theWorld Bank's guidelines "Selection and Employment of Consultants by World BankBorrowers" May 2004 Revised October 1, 2006 & May1, 2010 to determine the mostqualified firm.
The Gambia Growth and Competiveness Project nowinvites eligible consultants to indicate theirinterest in providing the services. Interested consultants must provide information indicating that they are qualified to performthe services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skillsamong staff, etc.). Consultants may associate to enhance their qualifications.
A consultant will be selected in accordance with the procedures set out in the World Bank'sGuidelines: Selectionand Employment of Consultants by World Bank Borrowers May 2004, revised October 2006 and May2010.
Interested consultants may obtain further informationat the address below during office hours 0830 to 1400 hours
Expressions of interest must be delivered to the address below, via Email on or before 29 December2014:
The Auditor General
National Audit Office
Email: firstname.lastname@example.org /email@example.com