BACKGROUND INFORMATION
Siasa Place (SP) is a civic-tech youth-led non-governmental organization (NGO), established in 2015 that specializes in working with grassroots youth in building institutional structures to support youth participation in politics and good governance. SP targets youth (men and women aged 18 to 35 years) and develops their skills in policy review, supporting the creation of youth- friendly platforms for public participation in decision-making processes including the budget process and social accountability. SP works in 16 counties including Uasin Gishu, Kakamega, Busia, Kisumu, Homa Bay, Migori, Kericho, Nakuru, Nairobi, Kitui, Lamu, Meru,Naymira, Kitui, Tana River, Kajiado and Mombasa.
Siasa Place would like to engage a reputable firm to carry out institutional audit for the period 2025-2028.
AUDIT OBJECTIVES
The objective of the audit is to obtain reasonable assurance that the financial statements reflect a true and fair view of the financial position of the organization, the audit will be performed in accordance with International Financial Reporting Standards (“IFRS”) and International Standards of Auditing (“ISA”). The audit report will include an Independent Auditors Report (Opinion) on the financial statements. The audit will also include such other required schedules or analyses as SP has determined as crucial in order to ensure that organizational resources are properly managed. The auditors will also be expected to assess SP’s compliance with the provisions of the The Public Benefit Organizations Regulatory Authority.
SCOPE OF WORK
The successful External Auditor will cover the office.
The audit will be in conformity with International Financial Reporting Standards (“IFRS”) and International Standards of Auditing (“ISA”). The findings and recommendations shall include an action plan for Siasa Place organizational and accounting improvements depending on findings,implications and shall also accommodate management comments.
Eligibility Criteria: The audit firm should meet the following criteria:
- Compliance with legal requirements of registration.
- Experience of the audit firm with audit reporting under International Financial Reporting standards (IFRS) and International Standards on Auditing (ISA)
- References for similar audits performed within the last five (5)
- Provide certificate from Institute of Certified Public Accountants of Kenya (ICPAK) for the firm.
- Provide a resume and certificate from the Institute of Certified Public Accountants of Kenya (ICPAK) for the partner, manager and key staff proposed for the audit team.
6. Audit firm and staff must be independent of Siasa Placeand affirm their independence in the engagement letter. Any actual or potential conflict of interest in taking up this role should be highlighted.
DELIVERABLES
The key deliverables will be:
- Audited Financial Statements indicating if accounting standards have been applied and whether they reflect a true and fair view of the financial position of Siasa Place
- Management Letter where matters that are not material to the financial statements, but which the auditors wish to communicate to Siasa Place may be reflected for management action.
- All audit reports and accompanying statements of financial condition shall, at a minimum, be presented in English.
SUBMISSION GUIDELINES
- The proposal submitted should have a maximum of 20 pages exclusive of the statutory requirements which shall be attached separately. The proposal subject line should clearly read, “EOI: EXTERNAL AUDITORS.” The proposal should be addressed to: MANAGEMENT TEAM of submission: ONLY electronically submitted proposals will be accepted. It should be submitted to the following email- accounts@siasaplace.com.
- The deadline for submission of the proposal is: 22ndNovember2024 at/or before 00:00 hours East African Time (EAT)
- Only shortlisted bidders will be contacted.
- For any questions, send an email to accounts@siasaplace.com not later than seven (7) days after the date of the advert.
