Objectives

The primary objective of this tender is to engage suitably qualified and experienced service providers to conduct an audit of the Helenvale Safety and Peace through Urban Upgrading (SPUU) programme financed by KfW Bank, Germany. The audit aims to provide an opinion on the financial reports and statements of expenditures related to withdrawal applications from the Disposition Fund(s), ensuring compliance with relevant agreements and standards.

Scope

The scope of work includes:

• Performing a special purpose audit of the financial reports and statements of expenditures for the period from 19 July 2024 to 18 July 2025.
• Assessing compliance with the conditions of the Loan/Financing Agreement, Separate Agreement, and KfW supplementary conditions.
• Verifying the linkage between statements of expenditures, withdrawal applications, and accounting records.
• Evaluating procurement procedures and the propriety of goods and services financed.
• Identifying internal control deficiencies and areas of weakness within the Project Executing Agency.
• Providing a final audit report within seven days of appointment, including findings, recommendations, and an appraisal of internal controls.

Technical Requirements

The technical requirements specify that:

• The audit must be conducted in accordance with International Standards on Auditing (ISA), particularly ISA 800 for special purpose engagements.
• The audit should include necessary tests, controls, and on-site visits if deemed necessary.
• The auditor must prepare and submit a comprehensive report that:
• Contains the Terms of Reference as an integral part.
• Provides a schedule of receipts and disbursements during the audit period.
• Includes balances of the Special Account(s) and sub-accounts at the beginning and end of the period.
• Appraises and quantifies the consequences of any deficiencies identified.
• States explicitly whether the statements of expenditure can be relied upon for withdrawal applications.
• The audit must verify that procurement and expenditure procedures adhere to the relevant agreements.

Skills and Experience Requirements

Proposals must demonstrate:

• Relevant experience in conducting similar assurance engagements, supported by at least two traceable references.
• Knowledge of the conditions of the Loan/Financing Agreement and related documents, including KfW supplementary conditions.
• Ability to verify the linkage between expenditure statements, withdrawal applications, and accounting records.
• Experience in identifying internal control weaknesses and providing actionable recommendations.
• Team composition with clear roles, including charge-out rates per team member.

Additionally, the proposal should include a comprehensive pricing schedule, details of the audit team, and evidence of compliance with relevant procurement and professional standards.