TERMS OF REFERENCE FOR STATUTORY AUDIT ASSIGNMENT FROM THE FINANCIAL YEAR MARCH 2023 At Build Africa

Build Africa Kenya is an international NGO affiliated to Street Child-UK. It aims to improve the quality of education and support livelihoods by developing the capacity of communities. Build Africa Kenya works with communities stretching across several regions in Kenya enabling school communities to improve the quality of education they provide for their children.

Find Build Africa on https://build-africakenya.org for more information.

Build Africa Kenya is seeking a reputable Audit firm to conduct the statutory audit from the financial year 2023.

Applicants must fulfill the following;

· Minimum of 5 years practicing experience auditing Non-Governmental Organizations

· Registered with ICPAK

General Objective

The objective of the statutory audit for the financial year as at March 2022 is to seek a professional opinion on the financial statement of Build Africa Kenya from the financial year March 2023 and to ensure that funds received and expenditure incurred under Project activities are in accordance with the laid down financial regulations, prescribed Procurement procedures, and other orders issued from time to time as well as to ensure proper maintenance of books of accounts and other relevant documents at all levels.

I. Specific Objectives

The objectives of the audit are as follows:

• Determine the accuracy and completeness of Build Africa Kenya financial statements.
• Review and evaluate the adequacy of the existing internal control system over fund disbursements, payment approvals, procurement, and Asset management.
• Determine compliance with existing Build Africa Kenya procurement, financial and accounting policies and procedures.
• In particular, to report on the degree to which enforcement of controls and compliance with policies has improved in the latter months of the year
• Provide audited accounts for the period as a statutory requirement.
• Determine the compliance with the existing country/statutory/taxation regulations as regards maintenance of financial statements.

2. Scope

a) The audit will cover the accounts of Build Africa Kenya Nairobi Office as well as the field offices i.e., Gilgil, Elburgon and Turkana from the period March 2023.

b) Scope of assignment also includes audit in the various communities in which Build Africa has been involved in carrying out various activities including construction.

3. Expected deliverables

On completion of audit, the audit firm so appointed will submit the following:-

1. A report on financial statements including but not limited to;

a. Statement on the Financial position

b. statement of Comprehensive Income and Expenditure

c. statement of Changes in Fund Balances Statement of cash flows

1. A “Management Letter”, whereby audit will:

a. Give comments and observations on the accounting records, systems, and internal controls that were examined during the course of audit

b. Identify specific deficiencies and areas of weakness in systems and internal controls and make recommendations for their improvements

c. Report on the degree of compliance of during the year with Build Africa Kenya’s finance and procurement policies and give comments, if any, on internal and external matters affecting such compliance

d. Communicate matters that have come to attention during the audit which might have a significant Impact on the implementation of Build Africa-Kenya’s activities.

4. Time Schedule

The appointed Audit firm is required to complete the Audit assignment within a period of 1.5 months from the date of appointment.