Summary
Date Posted: Sunday, February 27, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Scope of the work and objective
This exercise will comprise a consolidated audit for the project for the period of 2021. The Auditor should plan the work so that effective audit can be performed. For this purpose he performs the procedures specified the IFAD Guidelines on Project Audits and he uses the evidence obtained from these procedures as the basis for the report of factual findings. The Auditor should document matters which are important in providing evidence to support the report of factual findings, and evidence that the work was carried out in accordance with ISA and these TORs.

Methodology
The Auditor shall undertake this engagement in accordance with these Terms of Reference and:
• In accordance with the International Standard on Audit (ISA) to perform Agreed-upon Procedures regarding Financial Information as promulgated by the IFAC;
• In compliance with the Code of Ethics for Professional Accountants issued by the IFAC.
• In accordance with International Standards on Auditing and in line with IFAD’s Guidelines for Project Audits. Although ISRS 4400 provides that independence is not a requirement for agreed-upon procedures engagements, the Contracting Authority requires that the auditor also complies with the independence requirements of the Code of Ethics for Professional Accountants.
• In an ISRS 4400 engagement, the auditor does not provide assurance but only reports its audit findings. This protocol describes the areas to be covered. Users of the report must form their own opinions and draw their own conclusions. The auditor must agree the nature,timing and scope of the specific activities with the contracting authority and disclose the findings in its report on them clearly (see ISRS 4400). The auditor’s activities and their scope must be clearly understood. The auditor is not expected to express an opinion on the adequacy and suitability of the activities performed in relation to why they were perform or for any other reason.
Period: The audit exercise shall cover the project period 1st January 2021 to 31st December 2021

Duties and responsibilities Under the overall supervision of the Regional Head of Finance & Administration, the consultant will do the following:
• Reconciliation of the information in the table with the accounting records
• Check that the amounts disclosed in the table for the reporting period in question and the cumulative amounts are consistent with the accounting records.
• Check that the same accounting records were also used to prepare the individual financial reports. If separate accounting records have been kept, the auditor checks that the amounts disclosed agree, in so far as applicable, with the accounting records underlying the consortium partners’ individual financial reports.
• Existence of documents and processes
• Takes note of the lead party’s/consortium partner’s description of the processes and the documents on the basis of which payments to cooperating partners are deemed to have been made and accounted for.
• Checks whether the description includes variations and, if so, states what they are. The auditor will have to specify the variations in its report of factual findings.
• Take note of the amount disclosed in the table as accounted for during the reporting period and ask the lead party/consortium partner for a breakdown of the underlying amounts in the accounting records.
• The auditor selects 10% of the underlying amounts in the accounting records (but at least two and no more than seven).
• If the lead party’s/consortium partner’s description indicates that there is a variation in processes and/or documents, the auditor’s selection must in any event include the two or three most frequent variations.
• If amounts are recorded as accounted for at different moments in the reporting period, the auditor will seek to spread its selection across time.
• If there are several cooperating partners, the auditor will also seek to spread its sample across the cooperating partners and also across reporting periods.
• Subject to the above conditions, the auditor will seek to include at least 25% of the amount accounted for in its selection. If this leads to the selection of more than the maximum number of seven underlying amounts, a lower percentage will suffice.
Regarding each of the amounts selected, the auditor must check:
1. whether there are underlying documents in accordance with the lead party’s/consortium partner’s description;
2. whether they are the outcome of a process (including record keeping) described by the lead party/consortium partner;
3. whether the amounts recognised in the accounting records agree with the amounts in the documents in question.
If the auditor finds discrepancies in the documents, processes or figures, it must state their nature and size in its report.
The auditor must also report the cause of the discrepancy (if known). If the cause is not known, the auditor must ask the consortium partner for an explanation and include it in its report of factual findings. The auditor need not carry out a supplementary review of the cause of the discrepancy or the consortium partner’s explanation.

Deliverables
The schedule for deliverables will be as below:
Deliverables Submission date
Engagement Letter
Draft Audit Report Within 6 weeks from the start date of the exercise
Final Audit Report and Management Letter 1 week after receiving comments from all project partners

Functional competencies
• The applicants must have experience working with MOFA audit protocols
• To apply, you must be a Registered Audit Firm that has worked with International NGOs on
similar assignment and registered with ICPA Uganda.


Work Hours: 8

Experience in Months: 24

Level of Education: Professional Certificate

Job application procedure
All suitably qualified and interested candidates should submit their technical and financial proposals to human.resources@sihanet.org  by 10th March 2022.
Interested Candidates are asked to provide their current CV and Cover Letter, expressing her/his motivation in applying and relevant experience/expertise, to SIHA’s Human Resources Department human.resources@sihanet.org  by 15th of March 2022. Please enter “Application Materials: Audit Consultant – Annual Project Audit ” in the subject line. SIHA may, because of the immediate need of the recruitment, contact shortlisted candidates before 10th March 2022.** Due to the anticipated volume of applications, please note that only shortlisted candidates will be contacted. We thank you for your interest in joining SIHA!

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