SCOPE OF WORK
The auditor shall be required to :
- Carry out tests of transactions as are necessary, in order to obtain an understanding of the accounting system, to assess its adequacy as a basis for the preparation of the financial statements and to establish whether adequate records have been maintained as required by the COMESA Financial Rules and Regulations and Financial Manual;
- Conduct an in-depth and exhaustive review of the internal control systems to have sufficient knowledge of the procedures underpinning the systems, as contained in the Financial Rules and Regulations, and Financial Manual;
- Confirm that although responsibility for preventing irregularity and fraud, remains with the Secretariat, the audit has been planned so as to have a reasonable expectation of detecting material misstatements in the financial statements;
- Have to state the extent to which it has relied on the work of the Internal Audit;
- Confirm that that funds have used in accordance with the Financial Rules and Regulations , Financial Manual and Council decisions with due attention to economy and efficiency, and only for the purposes for which the funding was provided;
- Confirm that goods and services financed have been procured in accordance with sound procurement procedures spelled out in the COMESA Procurement Implementation Rules;
- Confirm that all necessary supporting documents, records and accounts have been kept in respect of all activities;
- Confirm that he Financial Statements have been prepared in accordance with International Accounting Standards and give a true and fair view of the financial position of the Secretariat as at the end of the financial year; and
- Confirm that where special accounts have been used, they have been maintained in accordance with the provisions of the relevant Memorandum of Understanding and Agreements.
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Request for Technical & Financial Proposals for External Audit Services for COME |
Request for Technical & Financial Proposals for External Audit Services for COMESA
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