VUFO NGO Resource Centre
Audit Firm to Conduct Project Auditing Service
VCCO 2019 - FINANCIAL AUDITING TOR
Christoffel BlindenMission/Christian Blind Mission (CBM) in Vietnam - CBM Viet Nam Country Coordination Office (VCCO) wishes to procure the services of a locally based public accounting firm to perform an independent audit of the VCCO. Below is a detailed description of our Request for Proposal (RFP) for these services and we invite your firm to respond to this RFP.
1. Request for Proposals (RFP)
You are encouraged to respond with your best price initially, as there may not be an opportunity to submit revised bids. All offers should be on a fixed price basis, and should be submitted to VCCO in a sealed envelope by November 15th 2019 with the subject “RFP – Project Audit”.
The auditor's proposal should include Curriculum Vitae for the partner, manager and key staff proposed for the audit team. Please describe the audit firm's experience with International Auditing Standards and provide references for similar audits performed within the last three years. The auditors firm and staff must be independent of VCCO, and affirm their independence in the engagement letter.
The audit team members have to follow and sign the CBM templates of Code of Conduct on Child Safe-guarding and Consent form concerning photos or stories.
2. Audit Objectives
Conduct the audit of accountings and finance of CBM Vietnam Coordination Country Office (VCCO) for the period from 1st January 2019 to 31st December 2019, with the objective of expressing an independent opinion on the Financial Statements, Management Letter and verify the CBM’s Finance report template. The Audit Statement has to be followed the CBM International audit instructions
3. General Information of VCCO
CBM started working in Viet Nam in 1982 and established a country coordination office in 2008. CBM current work is focused on five major areas: inclusive eye health, inclusive education, inclusive Disaster Risk Reduction (iDRR), community–based Inclusive Rehabilitation (CBIR) and capacity support to DPOs. The CBM office is formally registered with Ministry of Foreign Affairs – registration number 85/CNV-VPDA.
4. Scope of work
4.1 Deliverables
Language: The Audit Report and Management Letter are in English.
- Auditors’ report where the auditor expresses audit opinion on Financial Statements
- Management Letter where states the weaknesses or issues noted during auditing with practical recommendations for further actions;
- Verification of FSs/Y-E-C
- Number copy of audit report: 03 sets (Report and Management Letter).
4.2 Specifically
- Plan and perform an audit to obtain reasonable assurance that the financial statements are free of material misstatements
- Examine the financial transactions, accuracy, and reliability of its supporting documentation
- Assess the overall presentation of financial statements and make sure they are in accordance with the approved budget
- Determine if there has been any significant effort to address issues raised in previous audits
- Provide an opinion on the audit findings
4.3 Estimated Schedule
Budget
| Place | Field schedule |
Total budget: ~ euro 160,000 | CBM VCCO in Hanoi, Room: 103, Block E4, Trung Tu Diplomatic Compound, No 6 Dang Van Ngu, Hanoi | + Early March 2020 + Estimated 03 working days at VCCO |
5. Timeline of audit reports submission
Draft report
- The draft CBM audit reports has to be delivered to VCCO office by 15th March 2020
Final Report
- The final audit reports should be delivered to VCCO 04 days after receiving the final responses of the draft report
6. Engagement letter
- Signed between the Audit Firm and CBM Asia Regional Hub & VCCO
Christoffel BlindenMission e.V (CBM)
Room 103, block E4, Trung Tu Diplomatic Compound
No 6, Trung Tu Street, Dong Da district
Further information can be obtained from Ms. Minh Lan. Tel. 84 (0)4 6278.0073 (ext 103). Fax 84 (0)4 6278.0074
Email: [email protected]