Jobs at SolidarMed Tanzania, 2022
- In India and rural Africa, SolidarMed improves healthcare for more than 2.5 million people. We upgrade the local healthcare workforce and bolster the existing medical facilities. With the assistance of our local health specialists, our programs are developed in close partnership with local partners like hospitals, health centers, and health authorities. SolidarMed's work is effective, rigorous, and transparent as a Swiss non-profit with the Zewo certification.
- Terms of Reference for the Solidarmed Tanzania Program's Annual Statutory Audits
- In order to conduct the yearly statutory audit for the payments made and money received by the SolidarMed Tanzania Country Program in 2022, SolidarMed Tanzania would want to hire an auditor or audit company.
A succinct description of the required service
- To carry out various Projects, SolidarMed Tanzania receives funding from SolidarMed Headquarters and other contributors. The money sent to SolidarMed Tanzania is co-financed by the SolidarMed Association in Lucerne, as well as other donors like individuals, foundations, SDC, and others. As a result, the money must be distributed in accordance with the established guidelines and be reported annually.
Audit Purposes
- to provide feedback on the annual financial statement for the project starting in 2022. The audits for each year are governed by a framework contract. The auditor/audit firm will be given a unique TOR and agreement for the Audit work for each year of service.
Principles and Morals
- The independence of the auditor/audit firm from the Reporting Entity and compliance with the IFAC Code of Ethics' independence standards for Professional Accountants are obligations of the Contracting Authority. According to the International Federation of Accountants' (IFAC) Code of Ethics for Professional Accountants, the auditor or audit firm must carry out this commitment. They are created and published by the International Ethics Standards Board for Accountants (IESBA) of the International Federation of Accountants (IFAC), which establishes fundamental ethical principles for auditors concerning integrity, objectivity, independence, professional competence and due care, confidentiality, professional behavior, and technical standards.
Scope
- SolidarMed's national program and its initiatives.
- citations for documents
- The following materials and issues should be taken into account by the auditor/audit firm as a starting point for conducting the financial audit:
Law: National legislation
- Agreement of cooperation with regard to a project or a partner organization. Budgets, finance strategies, project summaries (ProDesc), annual operating plans (YPO), the SolidarMed Responsibility Matrix, and local laws and ordinances. any more documentation pertaining to the program or project.
- Accounting: Financial audit-subject accounting records; project/program-related financial and operational reports.
- Auditor: The partner's prior internal and external audit reports; any further information the auditor may have requested from the partner.
The financial audit's preparation
- The auditor is responsible for properly planning the financial audit engagement well in advance of the work and ensuring that it is carried out in the partner's and the auditor's names with the utmost professionalism, economy, and efficiency.
- The auditor shall decide: The type of transactions to be audited and the audit methodologies (full audit or sample selections), based on the information obtained during the planning phase, including the auditor's risk assessment;
- the kind of physical count or examination to be performed and the locations to be chosen.
- how many site visits will be scheduled.
Management pledge of complete disclosure
- The auditor/audit firm must acquire a management representation letter, certified by the partner organization's management, attesting:
- acknowledging that it is the organization's responsibility to maintain financial records and accounts that are accurate, complete, fair, and reflect the facts in accordance with the project's goals, the reference documents (such as the project's description, contracts, budgets, etc.), and national regulations;
- that the auditor has access to all accounting records, supporting documentation, other documents, minutes, and any other relevant information required for the audit;
- the accuracy of data regarding products and property;
- the accuracy of the information on financing received, payable, and own financing for the audited period for the project under consideration;
- the accessibility of all data and justifications, whether provided verbally or in writing, that the auditor may need to carry out his duties;
- For donations to local NGOs, the declaration must attest to the accuracy of data regarding funding received or due, as well as own funding for the audit period, the project being audited, and the analysis of the consolidated financial records of the donor.
Financial audit outputs
- In accordance with International Standard Audit, the audit report must express an opinion regarding the financial data of the partner. The management representation letter, the questionnaire responses, and suggestions to management (the "Management Letter") are to be delivered separately from the audit report.
The report's currency and wording are both important.
- The currency specified in the contract must be used to express the financial data in the auditor's financial audit report. All documents resulting from the financial audit engagement, including the auditor's financial audit report, must be in English.
Signature
- The head of the audit team must sign the financial audit report. A member of the partner's management must sign the financial reporting that is being audited. Even if the engagement team's head has changed from the previous year, the auditor guarantees consistency in the audit approach of the financial audit engagement and the audit team.
Competencies of the Auditor
The applying auditors/audit firms must provide a plan describing how and a specified schedule to complete this assignment, as well as a thorough curriculum vitae with three references (two professional and one personal). The following requirements must be met for this task.
The auditor must be a member of an organization or group engaged in accounting or auditing on a national or worldwide level.
The audit firm agrees to carry out this expenditure audit in accordance with IFAC standards and ethics if the auditor is not an IFAC member. By verifying with a reputable national or international organization (such as the Chamber of Commerce or the official Association of Auditors), the Contracting Authority is required to demonstrate to SolidarMed Tanzania that the Auditor is qualified. The auditor/audit firm must possess the necessary professional qualifications and relevant, hands-on experience in examining the financial records of projects that are comparable in size and complexity to the project at issue. The Auditor should do the same.
- Have knowledge of projects supported by local, national, or international donors;
- Possess at least five years of professional experience as an auditor or accountant in the field of public accounting, including necessary managerial expertise in managing audit teams;
How to use
Your suggestion should be sent via email to ifakara@solidarmed.ch with the subject line "Annual Statutory Audit for SolidarMed Tanzania Country Program 2022."
Only proposals submitted electronically will be approved.
Application deadline is October 7, 2022.
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