Expression of Interest For Consulting Services For External Audit Of The Ebonyi State Ring Road Project in Nigeria

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Expression of Interest for Consulting Services for External Audit of the Ebonyi State Ring Road Project (2024, 2025 & 2026 Financial Years) C. SCOPE OF SERVICES The scope of services shall include, but not be limited to: Audit of the Project Financial Statements (PFS) in accordance with International Standards on Auditing (ISA) or other standards acceptable to the Bank. Verification of the use of loan, grant, counterpart and co-financing funds. Review of Special Accounts, Statements of Expenditure (SOEs) and disbursement procedures. Assessment of internal control systems, procurement processes, and compliance with financing agreements. Physical verification of project progress and assets, including technical review where applicable. Preparation of: o An Audit Report on the Financial Statements, and o A detailed Management Letter highlighting findings, weaknesses and recommendations. o Follow-up and reporting on the implementation status of recommendations from previous audit reports. D. DURATION OF THE ASSIGNMENT The assignment shall be for a period of three (3) years, subject to satisfactory annual performance reviews. Each annual audit shall be completed within 1.5 months, and the audited PFS shall be submitted to the Bank not later than six (6) months after the end of each financial year E. ELIGIBILITY AND QUALIFICATIONS Eligible consulting firms shall meet the following minimum requirements: Be a registered and licensed audit firm with a recognized national or regional professional accounting body and African Development Bank (AfDB). Demonstrate proven experience in auditing donor-funded projects, particularly AfDB, IsDB, World Bank, or similar multilateral-financed projects. Possess adequate technical capacity, including financial, procurement, and engineering audit expertise. Have key personnel with relevant academic qualifications, professional certifications (ACA, ACCA, CPA or equivalent) and demonstrated experience in financial, procurement and technical audits. F. SELECTION METHOD The consultant will be selected in accordance with the applicable African Development Bank (AfDB) Procurement Policies and Procedures for Consulting Services. The attention of interested Consultants is drawn to paragraph 1.9 of the African Development [Banks Guidelines: Rules and Procedures for the Use of Consultants [May 2008 & revised July 2012], setting forth the AfD Banks policy on conflict of interest. In addition, please refer to the following specific information on conflict of interest related to this assignment: [as per paragraph 1.9 of Consultant Guidelines]. Consultant will be selected in accordance with the Least Cost Selection [LCS/LC] method set out in the Consultant Guidelines. Tender Link : https://www.afdb.org/en/projects-and-operations/procurement

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