1. Introduction
Ratanak International is a Christian NGO committed to serving human-trafficking survivors and vulnerable communities through restoration, prevention, protection, empowerment, and holistic development. The organization requires an independent external audit of its financial statements for the year ending 31 December 2025, in compliance with Cambodian accounting and auditing standards applicable to NGOs.
We are operating Four projects with One OPS (Support Units) such as:
1. Transitional Care Project
2. Community Project
3. Trafficking Vulnerability Prevention Project
4. National Technical Support Project
5. OPS (Support Units)
Ratanak International Cambodia invites qualified audit firms to submit proposals for conducting the external audit of its financial statements for the year ending 31 December 2025. The organization’s annual budget exceeds USD 1.72 million, and the audit must comply with Cambodian accounting and auditing laws applicable to NGOs.
2. Objectives
The purpose of the audit is to obtain an independent opinion on the financial statements of Ratanak International Cambodia, assess compliance with Cambodian NGO regulations, and provide recommendations to strengthen financial management and internal controls.
3. Scope of Work
- Audit financial statements prepared under Cambodian Accounting Standards for Not-for- Profit Organizations.
- Verify expenditures against supporting documentation.
- Assess internal controls, procurement, and financial reporting systems.
- Review compliance with Cambodian NGO laws, tax obligations, and labor Law.
- Provide a Management Letter with findings and recommendations.
- Deliver a Final Audit Report by 25 June 2026.
4. Timeline
|
Activity |
Timeline |
|
Proposal submission deadline |
2 March 2026 |
|
Shortlisted audit firms presentations the audit implementation process |
9 March – 19 March 2026 |
|
Selection of audit firm and Sign engagement letter |
25 March 2026 |
|
Audit fieldwork |
1 April – 10 May 2026 |
|
Draft report submission |
5 June 2026 |
|
Validation Workshop on Draft Report |
15 June 2026 |
|
Final report submission |
25 June 2026 |
|
Exit Audit Workshop |
29 June 2026 |
5. Deliverables
Audited financial statements for FYE 2025 both in English and Khmer version. Send by email and 5 hard copies of each version.
Audit opinion in accordance with Cambodian International Standards on Auditing (CISA).
Management Letter with prioritized recommendations.
Presentation of results to Ratanak International Cambodia management and Board.
6. Eligibility and Qualifications
- Be licensed and registered with the Accounting and Auditing Regulator (ACAR) in Cambodia.
- Have at least 5 years of professional audit experience, including NGO and donor-funded projects.
- Demonstrate knowledge of Cambodian NGO laws, tax regulations, and donor compliance.
- Employ certified auditors (CPA/ACCA or equivalent).
- Provide references from similar NGO audits in Cambodia.
7. Payment Terms
Payment will be made in three installments:
- 30% upon contract signing.
- 40% upon completion of fieldwork and draft report submission.
- 30% upon delivery of the final report.
Payments are contingent on satisfactory completion of deliverables.
8. Proposal Submission Requirements
Company profile and evidence of ACAR registration.
List of relevant NGO audits conducted in Cambodia.
CVs of key audit team members.
Technical proposal outlining methodology and audit approach.
Financial proposal with detailed fee structure.
Deadline for submission: 2 March 2026 Proposals should be sent to: Cambodia Office: cambodia.office@ratanak.org
Moreinfo: https://www.ratanak.org
Please mention "www.Cambodiajobs.Biz" where you saw the ad when you apply!
