Expression of Interest (EOI) - Procurement of Expenditure Verification Services at the African Union (AU)

Posted by Future on Wed 29th Dec, 2021 - nigeriantenders.com

The African Union (AU) invites interested and experienced firm to indicate interest by submitting EOI documents for the following works:

The African Union (AU) is a continental union consisting of 55 member states located on the continent of Africa. The AU was announced in the Sirte Declaration in Sirte, Libya, on 9 September 1999, calling for the establishment of the African Union.

Applications are invited for:

Title: Expression of Interest (EOI) Procurement of Expenditure Verification Services for a Grant Contract of External Action of the European Union

Preamble

In December 2020, The African Peer Review Mechanism (APRM) received financing from the European Union (EU) in support of a three-year project. This project takes place within the framework of the African Governance Architecture Support Project (AGA-SP), consistent with the Africa-EU Partnership 2020-2023.

The overall objective of the project is to contribute to the achievement of Aspiration 3: ‘An Africa of good governance, respect for human rights, justice and the rule of law’ and Aspiration 6 ‘An Africa, whose development is people driven, relying on the potential of African people, especially its women and youth, and caring for children’ of the African Union’s Agenda 2063.

Under this grant and project, the APRM hereby seeks to procure the services of an experienced firm to carry out verification of expenditure declared in the financial reports. The expenditure verification's contracted by the coordinator will cover the verification of expenditure incurred under the EU financed contracts on the cover sheet.

Objectives and Context

The Expenditure Verifier is expected of the following:

To assess the risks of material errors or misstatements in the expenditure and revenue declared in the Financial Report in order to determine the size and structure of the expenditure sample to be tested.
To issue reports based on Expenditure Verification template (will be part of the TORS) which will support the Contracting Authority's conclusions on the eligibility of the reported expenditure and the related follow-up.

Note

The expenditure verification will be performed as a desk review or/and fieldwork at APRM offices, 230 15th Road Raandjies Park, Halfway House, Midrand, Johannesburg, Republic of South Africa.
The Expenditure Verifier is not expected to provide an audit opinion.

Requirements for the Expenditure Verifier

The Expenditure Verifier confirms meeting or (provide proof) on at least one of the following conditions:

The Expenditure Verifier is a member of a national accounting or auditing body or institution which in turn is a member of the International Federation of Accountants (IFAC).
The Expenditure Verifier is a member of a national accounting or auditing body or institution. Although this organisation is not member of the IFAC, the Expenditure Verifier commits to undertake this expenditure verification in accordance with the IFAC standards and ethics set out in these ToR.
The Expenditure Verifier is registered as a statutory auditor in the public register of a public oversight body in an EU member state in accordance with the principles of public oversight set out in Directive 2006/43/EC of the European Parliament and of the Council (this applies to auditors and audit firms based in an EU member state).
The Expenditure Verifier is registered as a statutory auditor in the public register of a public oversight body in a third country and this register is subject to principles of public oversight as set out in the legislation of the country concerned (this applies to auditors and audit firms based in a third country).

Application Closing Date

11:00am, 11th January, 2022.

Submission of Documents

EOI must be submitted online via email: tender@aprm-au.org

For more clarifications on this EOI, please Click Here (PDF).