Job Description

REQUEST FOR EXPRESSION OF INTEREST (REOI)
Country: Federal Government of Somalia (FGS)
Name of the Project: Somalia Productive, Resilient and Inclusive Growth Project
(SPRING)
Assignment Title: Consultancy Services for Internal Audit Services
Project ID: P501662
Individual/Firm: firm Selection
Deadline for submission of
EOI 10th June 2026 at 4:00pm
Ref No. SO-MOF-542808-CS-CQS
1. Background: The Federal Government of Somalia (FGS) has received financing from the World Bank
through the Somalia Productive, Resilient and Inclusive Growth Project (SPRING Project) and intends to
apply part of the proceeds of the above project to finance Consultancy Services for Internal Audit for
Central Bank of Somalia (CBS).
2. Responsibilities: The firm will be responsible for assessing and strengthening CBS’s Internal Audit
function by reviewing audit systems, identifying gaps against IIA Standards, improving audit tools and
workflows, enhancing QAIP, training and coaching staff, preparing the department for external quality
assessment, and submitting required progress and final reports.
All other specific tasks detailed in the Terms of Reference (TOR) for the assignment can be found at the
following website link: https://centralbank.gov.so/wp-content/uploads/2026/04/TOR-forComprehensive-Internal-Audit-Consultancy.pdf
3. Duration: The firm is expected to complete the proposed assignment within 12 months.
4. The Ministry of Finance now invites eligible consulting firms (“Consultants”) to indicate their
interest in providing the Services. Interested Consultants should provide information
demonstrating that they have the required qualifications and relevant experience to perform the
2
Services (brochures, description of similar assignments, experience in similar conditions,
availability of appropriate skills among staff etc.)

Experiences and Qualifications

The shortlisting criteria are as follows:
1. Core business of the firm; The firm shall have at least 10 years of experience and should
demonstrate experience in providing internal audit services, preferably within central
banks or financial institutions. It should also have a strong track record in capacity
building, institutional strengthening, development of audit frameworks, QAIP, IIA
Standards, risk-based auditing, audit data analytics, and continuous auditing.
2. Specific experience in successfully implementing similar assignments. (The firm must
have at least 10 years of experience in providing internal audits with proven experience in
similar assignments. F, name (s) of lead and associate firms, contract amount, and
financing sources.
3. Experience of relevant services in an environment similar to that of Somalia and
4. Technical and managerial organization of the firm (provide only the structure of the
organization). Do not provide CVs of key staff. Key experts will not be evaluated at the
shortlisting stage.
5. Attention of interested Consultants is drawn to section III, para 3.14,3.16 & 3.17 of the World
Bank’s Procurement Regulations for IPF Borrowers: Procurement in Investment Projects Financing
Goods, Works, Non -Consulting and Consulting Services dated in September 2023 (“Procurement
Regulations”), setting forth the World Bank’s policy on conflict of interest.

Skills Required

Attachment

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