Tender Description

TERMS OF REFERENCE FOR THE EXTERNAL AUDIT

1. Background

SOS Children’s Village is the largest non-governmental, non-political, nondenominational charitable child welfare organization in the world. Its mission is to build families for children in need, help them shape their own futures, and share in the development of their communities. The first SOS Children's Village was founded by Hermann Gmeiner in 1949 in lmst, Austria. He was committed to helping children in need, children who had lost their homes, their security, and their families as a result of the Second World War. With the support of many donors and co-workers, the organization has grown to help children all over the world.

SOS Children’s Villages Somaliland is a member of the Federation of SOS Children’s Villages and started its activities in Somaliland in 1999. SOS CV Somaliland started its work in Sahil Region with in renovation of sheikh secondary school in 2003. The organization addresses the needs of children who have lost parental care and those at risk of losing the care of their families by ensuring equal access to essential services such as care, education and health. Currently, SOS Children’s Villages Somaliland runs a number projects in Somaliland including Children’s Villages, Family and Community Development Programmes, youth empowerment and humanitarian interventions.

1. Purpose of the Audit

The overall purpose of this assignment is to give the reasonable assurance of all income received and cost incurred in current fiscal year are in accordance with the relevant policy of SOS Children’s Villages Somaliland (SOS CV SX) and produce a report as per related Accounting standard. 

1. Objectives of the Audit

2. The objective of the audit of SOS Children’s Villages Somaliland (SOS CV SX) financial statements is to enable the auditors to express an independent professional opinion on the financial position of SOS CV SX and to ensure that the funds utilized to SOS CV SX’s activities have been used for their intended purposes.

3. The books of accounts of SOS CV SX provide the basis for preparation of the SOS CV SX’s Financial Statements. Proper books of accounts as required by law have been maintained by SOS CV SX and also maintain adequate internal controls and supporting documentation for the transactions.

4. Audit Methodology:

In order to present the true and fair view on the financial statement/reports the auditor shall conduct accuracy checks, observations, inspection of records and document, and inquiry and analysis, recommendation, comparison, , including: 

• Visit  head office and review vouchers, invoices and all supporting documents for all the amount expensed and income receipt   

• Follow up with the previous audit reports and comments 

• Review of payroll and tax compliance

1. Evaluation criteria  

2. Must criteria for application (if not met, such an application will not be evaluated):

Skills Required

Attachment

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