Hospital Waste Management Support - P119090
The Hospital Waste Management Support Project | Published November 23, 2015 - Deadline December 1, 2015
Consulting Firm For The Audit Financial Statements
REQUEST FOR EXPRESSIONS OF INTEREST
(CONSULTING SERVICES? FIRMS SELECTION)
NAME OF PROJECT: HOSPITAL WASTE MANAGEMENT SUPPORT PROJECT
Credit Number: 4899- VN
Assignment Title:Consulting firm for the audit financial statements
Reference No. : C29/LCS
The Government of Vietnamhas received financing from the World Bank toward the cost of the Hospital Waste Management Support Project (HWMSP), and intends toapply part of the proceeds for consulting services.
The consulting services("the Services") include:
(i) to express an independent opinion on the financial position of HWMSP atthe end of each fiscal year 2015, 2016, 2017 and of the funds received and expenditures occurred during the accounting period fromJanuary1st to December 31st each year as reported by the Project Financial Statement, as well as an opinionon the Designated Accounts and the eligibility of claims made by quarterly Interim Financial Reports (IFRs).
(ii) to express an opinion on the compliance with laws, regulations and fundingagreements that have a direct and material financial effect on the entity's financial report and
(iii) to express an opinion on the effectiveness of internal control overcompliance with requirements that could have a direct and material financial effect on the financial statements as well as internalcontrol over financial reporting with following main expected outputs for each period
The auditors' reports on the PFSs should includeat least the following:
- the audit report will state the purpose of the report andits intended use;
- the audit report will state which/whose generally acceptedaccounting standards have beenapplied and indicate the effect of any deviations from those standards;
- the audit report will state that the audit was conducted inaccordance with ISAs;
- the audit opinion will cover the currentperiod;
- the audit opinion will state whether or not the financialstatements presents fairly in accordance with the adopted accounting policies for the specified program/project and that the fundswere utilized for the purposes defined by the Financing Agreement;
- the audit opinion will cover in all material respects thesupporting schedules, includingthose noted above;
- the auditor should provide an opinion on whether the auditeecomplied with applicable laws, regulations and the Procurement procedures and other provisions of the funding agreements that havea direct and material financial effect on the entity's financial report
- the auditor should provide an opinion on the effectivenessof internal control over compliance with requirements that could have a direct and material financial effect on the financialstatements as well as internal control over financial reporting.
CPMU is required to submit to WBbefore June 30 a certified copy of audited project accounts and financial statements, the auditor's reports and opinions, andmanagement letter together with a report of action taken by the entity to improve the financial management system based on theauditor's findings and recommendation.
Audited financial statements are expected to include, as minimum:
- A balance sheet;
- A summary of funds received, including Credit and Counterpart funds separately;
- A summary of expenditures shown under Project by main categories of expenditures, both forcurrent fiscal year andcumulative to date.
- Reconciliation between the amounts shown as received from WB and that shown as being disbursed byWB.
- Statement of Designed Account.
- Statement of loan withdrawals.
- Statement of Projectfund and investment per construction, work items.
ii) Management Letter
At the same time of providing theaudit report, the auditor should issue a management letter with details:
- Any material weaknesses in the accounting and internalcontrol systems which were identified during the audit;
- Recommendations to rectify weaknesses soidentified;
- Significant mattersraised in previous reports which have notbeen dealt with effectively;
- Matters which have come to the auditors' attention duringthe course of the audit which might have a significant impact on the implementation of the project;
- Any matters which were raised during the process of aninternal audit and which the auditor wishes to reinforce; and
- Any other matters, which the auditor considered, should bebrought to the attention of the borrower
iii) Exit Conference
Upon completion of fieldwork, the auditor should hold a closing or exit conference with seniorofficials of the auditor. The exit conference gives the auditor an opportunity to obtain management's comments on the accuracy andcompleteness of the auditor's facts or conclusions, including whether or not management concur with the audit findings. The auditorshould document the exit conference for inclusion in the audit work papers
Theimplementation duration of the Services will be
- The 1st period: from January 1, 2015 toDecember 31, 2015;
- The 2nd period: from January 1, 2016 to December 31, 2016;
- The 3rd period: from January 1, 2017 to 31 December2017
The Hospital Wastemanagement support project now invites eligible consulting firms ("Consultants") to indicate their interest in providing theServices. Interested Consultants should provide information demonstrating that they have the required qualifications and relevantexperience to perform the Services.
The shortlisting criteriaare:
- Qualification of the consulting firm in the field of auditing
- Technical and managerial capacities of the firm in the field of auditing
- Core business and years of business of the firm in the field of auditing
- Qualification of key staff
- Client references in the field of auditing for at least 3 years
- Administrative andfinancial strength of the firm
The firm must submitdocumentations demonstrating their qualification and experiences meeting these above mentioned shortlistingcriteria with theirExpress of Interest.
The attention of interestedConsultants is drawn to paragraph 1.9 of the World Bank's Guidelines: Selection andEmployment of Consultants by World Bank Borrowers [Edition: May 2004, revised October 1, 2006 and May 1, 2010) ("ConsultantGuidelines"), setting forth the World Bank's policy on conflict of interest.
Consultants may associatewith other firms in the form of a joint venture or a subconsultant to enhance their qualifications.
A Consultant will beselected in accordance with the Least- Cost Selection (LCS) method set out in the Consultant Guidelines.
Further information can beobtained at the address below during office hours: From 8:00 to 12:00 and 13:00 to 17:00 in working days (from Monday to Friday)from November 18, 2015.
Expressions of interestmust be delivered in a written form to the address below (in person, or by mail, or by fax, or by e-mail) by 10:00 AM on December 1st,2015.
CPMU office, Room C8-10, Fifth Floor, Pullman Hotel, 40 Cat Linh Street, Dong Da District, Ha Noi,Viet Nam
Attn: Dr. Nguyen Doan Tu, ProjectDirector
Tel: +84 4 35190638
Fax: +84 435190637