Position: External Auditor (AFD)__Deadline:20-December

Al Action for Development Organization (AFD) is a local non- governmental organization, independent organization, not affiliated to any religious, political or individual ideology and was established on 23rd of February 2004, officially registered with the Ministry of Interior (MoI) with Prakas No. 553 issued on 3rd of May 2006. AFD’s works covers some provinces include Kampong Thom, Preash Vihear and Kampong Cham with focusing area on management of natural resources, disaster risk reduction/humanitarian, social protection, women and youth leadership empowerment through strengthening capacity of the communities and vulnerable poor, young women entrepreneurs, women with disability and youth on skills and knowledge they need and coordination with relevant stakeholders (government line departments, local authorities, community and donors) to formalizing the community-based organizations (CBOs) such as community forest, community-based eco-tourism, agriculture cooperatives and groups.

AFD wishes to engage the services of a registered, independent and qualified audit firm (Certified Public Accountant/Authorized Public Accountant), preferably with relevant not for- profit sector expertise for the purpose of auditing the Financial Statements for a year 1st Jan 2023 to 31st December 2023 and the programs as stipulated in the agreement between AFD and its donors. The audit will be carried out in accordance with International Standards issued by the International Auditing Assurance Standards Board (IAASB)

Positions: External Auditor

Contract Length:   One Month (from 15th January 2024 to 15th February 2024)

I-    Objective of the Audit
The auditor will audit the AFD's Financial Statements/Management for the period [1st January 2023 to 31st December 2023] and to express an audit opinion according to ISA 800/805 on whether the financial report of the whole programs is in accordance with donors´ instruct for financial reporting as stipulated in the agreement including appendix between donors and AFD.

The objective of the audit is for the auditors to conduct audit reviews as follows:

1. To determine if the AFD accounting system provides accurate and adequate details of its financial position and fiscal operations in accordance with generally accepted accounting principles and the approved project budget,
2. To review the internal control system attempts to minimize risk by identifying potential weaknesses which might enable materiality to be perpetuated,
3. To examine, evaluates, recommendations and reports on the adequacy of internal control as a contribution to the proper, economic and effective use of resources,
4. To help AFD to accomplish its objectives by bringing a systematic disciplined approach to evaluate and improve the effectiveness of risk management, controlling and good governance processes and
5. If AFD applies modified cash basis as accounting principle, the auditor shall motivate whether the applied accounting principle is acceptable for this type of financial report.

II-    Scope of Work

1. Scope  of  Auditor´s  Works  shall  be  included  the  examination  and  evaluation  the  manuals, policies, guidelines, procedures and systems which are in place to ensure that:
2. Reliability and integrity of information;
3. Compliance with manuals, policies, guidelines, procedures, laws and regulations;
4. Safeguarding assets; and
5. Effectiveness and efficiency use of resources.

III-    Additional Assignment; according to agreed upon procedure ISRS 4400, review the following areas in according with the terms of reference below

• Follow up whether salary costs debited to the project/program are recorded throughout the duration of the year in a systemized way and examine whether the salary costs can be verified by sufficient supporting documentation2,
• Examine whether the financial report includes a comparison, for every budget item, between the actual costs/expenditures of activities and the budgeted costs/expenditures as approved by donors,
• Based on materiality and risk; the auditor shall examine whether there is supporting documentation related to incurred costs,
• Examine whether foreign exchange gains and losses are disclosed in according with what is stipulated in the agreement including appendixes,
• AFD is compliance with the applicable tax legislation in regard to taxes (e.g. PAYE)3 and social security fees,
• Follow  up  whether  AFD  has  adhered  to  the  procurement  guideline  annexed  to  the agreement,
• Review if outgoing balance for previous period is the same as incoming balance for the current period and
• If AFD applies modified cash basis as accounting principle, the auditor shall motivate whether the applied accounting principle is acceptable for this type of financial report.

IV-    Audit Schedule and Reporting Timeframe:

1. Pre-meeting with AFD Management team on January 15th, 2024,
2. Audit field work shall be started from January 15th to 30th, 2024,
3. Exit meeting with AFD Management team on February 05th, 2024,
4. Submit the first draft of audit report to AFD on February 12th, 2024;
5. AFD Management shall be responded on February 15th, 2024, and
6. Submit the final of audit report to AFD by February 20th, 2024 before 5:00 PM.

V-    The Reporting
The scope of audit shall be stated in the report and the methodology used shall be presented. The reporting shall be signed by the responsible auditor (not just the audit firm) and title.
The reporting form the auditor shall include an independent auditor’s report in accordance with the format in standard ISA 800/805 and the auditor’s opinion shall be clearly stated, as well as a Management Letter with audit findings and weaknesses identified during the audit process. The auditor shall regardless of materiality, quantify the amount for costs lacking sufficient supporting documentation. The auditor shall make recommendation to address the weaknesses identified and recommendations shall be presented in priority order. If the auditor assesses that no findings or weaknesses have been identified during the audit that would result in a Management Letter, an explanation of this assessment must be disclosed in the audit report.

Measures taken by the organization to address weaknesses identified in previous audits shall also be presented in the Management Letter.

The additional assignment according to agree upon procedures ISRS 4400, under section III, shall be reported separately in a “Report of Factual Findings”

If the auditor conducts an additional assignment according with ISRS 4400 and assesses that the observations presented in the “Report of Factual Findings”, include the information that would have been included in a Management Letter, a Management Letter does not need to be developed. In such a case, the “Report of Factual Findings” shall include an explanation of why a Management Letter has not been developed.

VI-    Terms and Conditions:

1. Audit services will be delivered to AFD with high quality,
2. Global audit (of 9 donor's budget funding to AFD: 1.OXFAM, 2.CWS, 3.UNDP, 4.World Vision International Cambodia, 5.VBNK, 6.Pact Cambodia, 7.WCS, 8.IUCN, and 9.CDA) in accordance with agreements between AFD and donors, total budget around 200 K),
3. Agree and follow the "Audit Schedule and Reporting Timeframe". In case of any changes of schedule must be discussed and agreed between the auditor and AFD in advance,
4. Auditor will be conducted audit complying with ethical requirement through examine supporting documents and Financial Statements presented; all terms and conditions set out in the agreed audit ToR,
5. AFD shall not pay any additional fee other than the price provided and agreed in your proposal, and
6. Cooperation will be provided during audit session accordingly.

VII-  Requirements

• AFD will do the adjudication after the proposal be submitted deadline. The selection criteria will include the following:
• Experience of your firm in relation to the scope of audits for non-Profit organization,
• A list of similar non-profit organization be served by your firm,
• Your staff assignments and availability to complete the audit on a timely basis,
• Depth of Technical Resources (CV of the assigned team leader),
• Availability of staff to respond to questions within the scope of the engagement and the hourly charge, if any, for services outside the scope of the audit,
• Audit  firm  staff  stability  history  -  what  assurances  can  you  provide  regarding  the
• assignment of your permanent personnel to the engagement,
• Propose fee for the engagement including a schedule for additional services that may be necessary beyond the scope of the  audit engagement. The proposal  should indicate anticipated fees for the second and third years,
• Detail audit plan/methodology including your approach to risk and fraud detection, of expenses of expected to be incurred, i.e. mileage, per diem, telephone, etc…,
• Estimate number of hours to complete the audit by classification of your employees, i.e. partners, senior, junior, and
• Time Requirements.

Application Information

Interested  candidates  please  submit  your  application  to  AFD  through  email  info@afd-  cambodia.org and cc to sopheak@afd-cambodia.org | afdcambodia2004@gmail.com including:

For more information, please visit Website | Facebook  or direct phone number to 095 424 795 | 077 597466 | 077 735 885

Closing date:  The closing date for applications by December 20th , 2023 before 5:00 PM.

Address and contact
Address: Poubak Kor Village, Sang Kat Domrey Cheankhla, Stung Sen City, Kampong Thom Province
Office phone: (+855) 95 424 795
Mobile phone:(+855) 097 9999426
Email: info@afd-cambodia.org
Website: www.afd-cambodia.org

Please mention "www.Cambodiajobs.Biz" where you saw the ad when you apply!