Country: South Sudan
Closing date: 11 Apr 2016
- Purpose of Assignment:
Spot checks are performed to assess the accuracy of financial records for cash transfers to IPs, status of the programme and whether there have been any significant changes to applicable internal controls. The spot check is not an audit.
Scope:
Spot Check Procedures:
The following are examples of procedures to be performed during the spot check. The actual procedures to be performed must be confirmed prior to the start of the spot check.
Ø Compare documentation obtained describing the IP’s financial management internal controls against the most recent micro assessment from the corresponding programme cycle. Document any changes or inconsistencies.
Ø Inquire of IP management whether there have been any changes to internal controls since the prior micro assessment from the current programme cycle. Document any changes identified, if any.
Ø Obtain a listing of all programme-related expenditures during the 24 months period ended 31 December 2014 for the agreed-upon procedures engagement and perform the following:
· Randomly select a sample of expenditures amounting to a 50% percentage of total expenditures. Provide a detailed listing of expenditures selected as samples.
· For each sample selection perform the following procedures:
o Verify that documentation exists to support the expenditure in accordance with the IP’s rules and procedures and agreements with the agency.
o Verify that the activity related to the expenditure is in accordance with the work plan/PCA
o Verify that the expenditure has been reviewed and approved in accordance with the IP’s rules and procedures and agreements with the agency.
o Verify that the expenditure was reflected on a certified FACE form submitted to the agency.
o Verify that the expenditure was reflected in the IP’s accounting records (official book of accounts) and bank statement.
o Verify that supporting documents are stamped ‘PAID, indicating which agency funded the transaction.
o Verify that the FACE form was submitted consistent with the periodicity-of- disbursement requirement in the HACT framework (two weeks).
o Verify the price paid for goods or services against United Nations agreed standard rates (if readily available).
Ø If separate bank accounts are maintained for agency-granted funds, perform the following procedures:
· Verify that the activity per the bank statements agrees with that reflected in the accounting records. Document any variances noted; and
Confirm that a bank reconciliation was completed and the balance has been reconciled to the accounting records. Document any variances noted.
Specific Project Objectives to which the Consultant is related: Spot Check for Implementing Partners
Duty Station: South Sudan Country Office – with the Implementing Partners.
Supervisor: Quality Assurance Specialist (HACT)
Major Tasks to be accomplished:
1) The third party service provider prepares a standard agreed-upon procedures report in accordance with the applicable standards, which includes:
· Enumeration of the agreed-upon procedures performed and a summary of corresponding factual findings;
· A statement indicating that the report is intended solely for the information and use of the specified parties;
· Identification of the specific parties to whom use is restricted;
· A statement that the report is not intended to be and should not be used by anyone other than the specified parties; and
A statement that the scope of agreed-upon procedures does not provide the same level of assurance as that of an audit or review. (A report template following ISRS 4400 is included in Annex 2.)
2) The third party service provider prepares a spot check work plan detailing work performed. A template is provided in Annex 3
3) Discussion of findings and preparation of action plan with IPs to address the identified weaknesses.
The consultant will have full and complete access to all records and documents (books of account, legal agreements, minutes of committee meetings, bank records, invoices and contracts, etc.) and all employees of the Implementing Partners. The consultant will be advised that s/he has a right of access to banks and depositories, consultants, contractors and other persons or firms engaged by the partner. If the consultant has restricted access to any records, person or location during the course of the assessment, this restriction should be clearly defined, with reasons, in the report and the attendant risks captured in the report.
Estimated time of consultancy and deadline for submission of end product:
The assignment is expected to commence from 01 April 2016 to 31 December 2018. The consultant will present report of findings to UNICEF on a monthly basis based on number of implementing partners agreed to be spot checked for that month.
Qualifications or specialized knowledge/experience required
“The auditor should comply with the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants (IESBA Code). Ethical principles governing the auditor’s professional responsibilities for this type of engagement are:
Integrity;
Objectivity;
Professional competence and due care;
Confidentiality;
Professional behaviour; and
Technical standards.”
Independence is not a requirement for agreed-upon procedures engagements. However, the terms or objectives of an engagement or national standards may require the third party service provider to comply with the independence requirements of the IESBA Code. Where the service provider is not independent, a statement to that effect should be made in the report of factual findings.
The third party service provider should be experienced in applying ISRS standards. If hiring staff, the service provider should employ staff with recognized professional qualifications and suitable experience with ISRS standards, including experience in reviewing similar entities.
CVs of all members of the assessment team should be provided. They should include details on agreed-upon procedures carried out by the relevant staff, including ongoing assignments indicating responsibilities assumed by them, and their qualifications and experience in undertaking agreed- upon procedures.
.Project cost:
The Consultant should provide a financial proposal in a separate envelope from the technical showing the professional fee for spot check per partners in dollars. Out of pocket expenses will be reimbursed on actual basis provided they are reasonable and within the UN Agencies threshold for daily subsistence allowance. UN Agencies will provide transportation to the field offices. Transport within Juba will be arranged by the audit firm.
It is estimated that 80 implementing partners will be spot checked yearly. Contracting UN Agency(ies) shall jointly or separately pay the Consultant. The UN Agencies generally adopts the following payment method:
· Upon presentation of inception/ work plan report 10%
· Upon submission of draft assessment report 50%
· After presentation and acceptance of the final assessment report 40%
EVALUATION CRITERIA
Evaluation of the proposals received will focus on the following elements.
A. Technical component (60%)
Proven understanding of and experience in financial spot check, auditing and institution of good internal control management verification.
A detailed work plan as per the tasks and deliverables outlined in the respective sections above, with timeline and responsibilities, giving clear indication of support expected from UNICEF and South Sudanese stakeholders.
The responses provided by references.
The quality of previous work.
B. Financial component (40%)
Costing commensurate with a modestly funded UNICEF Country Programme.
How to apply:
SEALED offers must be placed in the bid box at the Supply & Procurement Office in the UNICEF Juba office up to 03:00 PM on 11/04/2016:
UNICEF South Sudan Country Office
Supply & Procurement Office B8
Bid Reference Number: LRFP-2016-9124371
Totto Chan Compound
P.O. Box 45, Juba
Republic of South Sudan
IMPORTANT – ESSENTIAL INFORMATION
The reference LRFP-2016-9124371 must be shown on the sealed envelope containing the offer. Bid form and schedules must be used when replying to this invitation.
Offers must be received at the above address by latest 03:00 PM on 11/04/2016, and will be opened at 03:30 pm the same day. Bids received after the stipulated date and time will be invalidated. Bids send by fax will be invalidated, even if received before the stipulated deadline.
It is important that you read all of the provisions of the bid, to ensure that you understand UNICEF’s requirements and can submit an offer in compliance with them. Note that failure to provide compliant proposals may result in invalidation of your bid.
Bidding currency: US Dollars
Electrical submissions should be sent to sssdjuba@unicef.org.
For the complete bid document, kindly send an email to fitwari@unicef.org.