TERMS OF REFERENCE FOR INTERNAL AUDIT

Job Description

Job description
INTERNAL AUDIT TERMS OF REFERENCE

About INTERSOM Relief & Development

INTERSOM Relief & Development Organization is a nonprofit organization working in South & Central Somalia. INTERSOM is a Relief & Development Organization that serves vulnerable communities including women, children, and persons with disability affected by unfavourable environmental conditions and the effects of War. In this, the Organization provides emergency relief and development programs through Protection, Water, and Sanitation services.

Our Vision, Mission, and Values

Our Vision

To build sustainable peace and livelihood for every household in Somalia.

Our Mission

To enhance sustainable peace, cohesion, and socio-economic development in the highly vulnerable communities in Somalia.

Our Values

· Inclusivity

· Humanity

· Empathetic

Objectives

The objective of the audit is to assess whether the Organization, INTERSOM Relief & Development Organization is compliant with the terms of their grant and has a standard Internal Control, that funds are managed as per set obligations, and enable the Auditor to express a Professional opinion on the financial position of the Organization and its Projects within the Internal Audit Period.

Scope of Work

The audit will be carried out in accordance with international standards of auditing. It will include such tests and controls as the auditor considers necessary but will particularly focus on the following areas:

Contractual compliance and practice:
Financial management and internal controls:
Expenditure and reporting verification:
Contracting and procurement:
Regulatory and tax compliance:
Methodology

This audit will require the following general approach to be applied:

Review of INTERSOM’s Internal Control environment, expenditure, and reports

The audit will require to review, understanding, and describe INTERSOM’s Internal Control environment. This understanding will inform the auditor why INTERSOM uses particular source documentation, authorization guidelines, processes, and systems. Key items to be reviewed include:

Accounting system controls,
Time and payroll controls,
Authorization controls,
Procurement controls,
Reporting and financial performance controls, and
Review of relevant expenditure documentation.
Deliverables

Deliverables will include:

Closeout Report.
Professional Opinion,
Risk analysis,
Expense Verification Report.
Reporting

All reports will have to be delivered to the following people:

Management, Finance, Operations.

Skills and qualifications
Firm Qualification and Experience

Minimum of Ten years of relevant audit experience with donor-funded programs working in Protection, Water & Sanitation.
Audit firms should be registered with a professional accounting body recognized in Somalia and internationally.
Experience working with United Nations programs and other Relief & Development Programs.
Audit engagement partner should be a globally recognized professional body registered member with at least 15 years post-qualification experience.
Audit team members must be members of a globally recognized professional body and have experience auditing similar projects in Somalia.
How to apply
Interested firms should submit their profile and technical and financial proposals with at least five professional references by email intersomprocurement@gmail.com before 4:00 PM on Monday , December 23rd 2024

Only shortlisted firms will be contacted.