Financial year: 01 January 2021 - 31 December 2021 

Number of bank accounts and sub-accounts: 09

II. Audit assignment

To produce an audit report similar to a long-form letter to the directors on the review of the accounts, identified internal control weaknesses and the auditor's recommendations to remedy them.

The auditor is expected to make an overall assessment of internal controls based on established internal control standards.

The management letter should be attached to the audit report and should address the following topics or issues:

• An evaluation of GNCMR's system of internal control;
• A description of any specific internal control weaknesses identified in the practices within GNCMR and the audit procedures followed to correct or remedy such weaknesses. Recommendations to resolve/eliminate the noted internal control weaknesses should also be included;
• Audit observations and recommendations (Appendix 2);
• Categorization of audit observations by risk severity: high, medium or low;
• Indication of the observations that affect the audit opinion.

In addition to the above general assessment, the following specific actions may be taken:

• Review the process followed in procurement/contracting activities and determine whether it is transparent, competitive, and in compliance with GNCMR procedures
• Review the process for hiring staff and consultants and determine whether it is transparent, competitive, and in compliance with GNCMR procedures.
• Review the accounting records and determine if they facilitate monthly financial reporting.

III. Objectives of the audit:

The objective is to enable the auditor to:

• Express a professional and independent opinion on the financial position of GNCMR as of December 31, 2021;
• Examine the fairness, regularity and reliability of the accounting information provided in the financial statements of the year 2021;
• Ensure that the resources made available to GNCMR are used for the purposes for which they were granted and verify the eligibility of all expendituresVerify that the financial statements maintained by GNCMR have been prepared in a manner that accurately reflects financial transactions according to standards of traceability and transparency;
• Verify the adequacy of the internal control system (examine the effectiveness of the internal control system structure, the organization's ability to prepare reliable financial reports and to maintain complete accounting);
• Examine the proper application of administrative, accounting and financial procedures (propose efficient measures for improving the maintenance of accounting and financial tools and/or amending procedures where necessary);
• Perform an analysis of weaknesses and risks in GNCMR's current financial and accounting procedures;
• Identify the risks associated with their findings and rank them as high, medium, or low ;
• At the end of the mission, produce an audit report on the GNCMR accounts examined, produce an internal control letter and a compliance report.

IV. Standards and Guidance

The auditor is required to comply with:

• International Standards on Auditing (ISA) regarding opinion audits.
• The Code of Ethics for Professional Auditors, which establishes the fundamental ethical principles that apply to auditors, including the principles of integrity, objectivity independence, professional competence and care, confidentiality, professional conduct and adherence to technical standards.

V. Extent of the Audit

• The audit will be conducted at the Good Neighbors Cameroon office in Yaoundé located in Bastos, behind the Alliance Pharmacy.
• The auditor will have access to the necessary original supporting documents and key personnel during the audit opinion.
• The audit is subject to OHADA GAAP accounting system and procedures of Good Neighbors Cameroon.

VI. Procedures, Documentation and Audit Evidence

The auditor shall perform the audit in accordance with international auditing procedures, which cover: audit documentation and audit evidence, planning, fieldwork and reporting.
The auditor should perform the audit with professional diligence and judgment and determine the nature, timing and extent of audit procedures necessary to meet the engagement and audit objectives.
The auditor should prepare audit documentation and obtain sufficient appropriate audit evidence to support the findings and draw reasonable conclusions on which to base the opinion. The auditor exercises professional judgment in determining whether the audit evidence is sufficient and appropriate, taking into account the terms of this ToR(Terms of Reference).

VII. Auditor Profile

• The audit company must be registered and regularly enrolled in a nationally or internationally recognized accounting body.
• The firm must have proven experience in accounting and financial auditing of institutions and organizations and have at least 5 years of experience in financial auditing;
• Have at least 3 years of experiences (or at least 3 different organizations) in auditing of NGO and nonprofit making organizations/institutions ;
• Have a proven mastery of computer tools, particularly accounting and project management software; Good mastery of QuickBooks software is a plus;
• Have a highly qualified and experienced staff in audit and review work.

VIII. Submission of Application Package

The audit firm should submit a technical and financial proposal with the following components:

1) The technical proposal should indicate;

• The proposed methodology for conducting the audits;
• The schedule and timetable for the execution of the mission (minimum 15 days);
• The key personnel involved and their CVs as well as references and letters of motivation.

2) The financial proposal should indicate:

• The total cost (including VAT) of the audit;
• The method of payment (check/bank transfer) and the payment terms (percentage of payments).

NB: The Partner signing the report must be a Certified Public Accountant and member of the Professional Associations of Certified Public Accountants.

IX. Other provisions

The Submission files should be addressed in a sealed envelope to the Country Director of Good Neighbors Cameroon with the mention: "Audit and Review of GNCMR's Accounts - Financial Year 2021"

The final reports in hard copy (5 copies) and in electronic format are due no later than 5 calendar days after the end of the assignment.

The sealed bid must be submitted no later than Sunday, February 13, 2022 to Good Neighbors Cameroon, Yaounde office.