February 26, 2025
Call for Applications for External Audit Services
Description: External Audit Services / Expenditure Verification
Application deadline: 17:00, March 14, 2025
The European Union-funded project “Monitoring for Justice – Strengthening Civil Society in Promoting Human Rights in Kyrgyzstan,” implemented by a consortium led by the Konrad Adenauer Foundation in cooperation with the BIOM Ecological Movement and the “Alga” Women’s Association, operating under the Grant Agreement, invites audit firms to participate in a competition for external audit services.
The scope of this contract includes the preparation of a final expenditure verification report under Grant Agreement ACA/2022/432-747. The report will cover the entire project implementation period — from 01.06.2022 to 31.05.2025, or until the end of the extended project period, if applicable.
The expenditure verification will be carried out at the following reporting organizations:
Youth Ecological Movement “Biom” Public Association
“Alga” Women’s Organization Public Association
Brief information about the organizations is provided in Annex 1.
The auditor is expected to do the following.
Carry out agreed-upon procedures agreed with the Client (Konrad Adenauer Foundation)
Prepare a report in English using the grantor’s template (European Commission) provided by the Client.
The expenditure verification will be carried out in the form of a desk review and on-site work at the addresses specified in Annex 1.
The expenditure verification coverage ratio is 95%.
To participate in the tender, audit firms must provide:
an application to participate in the tender on company letterhead, signed by the head of the organization;
a commercial proposal stating the cost of services, certified by the signature of the company’s head and company seal (the audit price must be final and include all taxes required by law and other expenses);
a copy of the audit organization’s license to carry out audit activities;
confirmation of at least 5 (five) years of experience in general audit;
information on the qualification level and work experience of the responsible auditor(s) of the audit organization.
The auditor (expenditure verifier) must meet at least one
of the following conditions:
Be a member of a national accounting or auditing body or institute that is, in turn, a member of the International Federation of Accountants (IFAC).
Be a member of a national accounting or auditing body or institute. Although this organization is not a member of IFAC, the auditor undertakes to carry out the expenditure verification in accordance with the standards and ethical requirements of IFAC set out in these Terms of Reference.
Be registered as a statutory auditor in the public register of a public oversight body in an EU member state in accordance with the principles of public oversight established by Directive 2006/43/EC of the European Parliament and of the Council (this requirement applies to auditors and audit firms based in EU countries).
Be registered as a statutory auditor in the public register of a public oversight body in a third country, where that register is subject to principles of public oversight established by the legislation of the country concerned (this requirement applies to auditors and audit firms based in third countries).
The auditor (expenditure verifier) will engage staff with appropriate professional qualifications and relevant work experience in accordance with IFAC standards, as well as experience verifying financial information of organizations comparable in size and complexity to the reporting organization. In addition, the review team as a whole must have:
Experience working with programs and projects funded by national and/or international donors and institutions. It is preferable that the team leader, and if necessary the on-site verification team — such as the audit manager (category 2) or senior auditor (category 3) — have experience conducting audits of EU-funded actions.
Sufficient knowledge of the relevant laws, norms, and regulations of the country, including but not limited to tax, social, and labor regulations, accounting, and reporting.
Sufficient command of English.
The auditor (expenditure verifier) must carry out this assignment in accordance with the following standards:
International Standard on Related Services (ISRS) 4400 (Revised) – “Agreed-Upon Procedures Engagements,” issued by the International Federation of Accountants (IFAC);
The IFAC Code of Ethics for Professional Accountants, developed and issued by the International Ethics Standards Board for Accountants (IESBA), which sets out the fundamental ethical principles for auditors. These principles include integrity, objectivity, independence, professional competence and due care, confidentiality, professional behavior, and compliance with technical standards.
Although ISRS 4400 (Revised) does not require mandatory independence for agreed-upon procedures engagements, the Coordinator insists that the auditor be independent of the Coordinator and comply with the independence requirements of the IFAC Code of Ethics.
Scope
Contracts and financial reports
Expenditure eligibility conditions
Preparation for work
Kick-off meeting, on-site work, desk review
Subcontracting
Assignment fee
The auditor will consolidate reports across the entire project
Proposal submissions must be sent by 17:00 on March 14, 2025
Contact us:
For questions and clarifications, you can reach us at kgz.justice.project@gmail.com, and we will respond within three business days.
Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC.
Annex 1
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Information about the Grant Contract |
|
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Reference number and date of the Grant Contract |
ACA/2022/432-747 |
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Grant contract title |
Monitoring for justice – strengthening civil society in promoting human rights in Kyrgyzstan |
|
Country |
Kyrgyz Republic |
|
Coordinator |
KONRAD-ADENAUER-STIFTUNG E.V |
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Beneficiary(ies) and affiliated entity(ies) |
Youth Ecological Movement “Biom”, Address: Bishkek, Turusbekova str. 109/3-206 Public Association Women’s Organization Alga Address: Bishkek, Kievskaya str. 107-514 |
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Start date of the implementation period of the Action |
01.06.2022 |
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End date of the implementation period of the Action |
31.05.2025, or up to the end of the project extension, if applicable |
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Financial Report(s) subject to verification: |
01.06.2022– 31.05.2025, or up to the end of the project extension, if applicable |
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Expected amount under verification is about: |
Youth Ecological Movement “Biom” – 853665 Euro Public Association Women’s Organization Alga – 208245 Euro In total 1,061,910.00 EUR |
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Expected number of transactions under verification is approximately |
2500 |
