Consultancy Services for the Financial and Accounting Audit

• Country: Mali
• Summary: Consultancy Services for the Financial and Accounting Audit
• MLT Ref No: 70789970
• Deadline: 08 Sep 2022
• Financier: World Bank (WB)
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.:
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• Description:
• Expression of Interest are invited for Consultancy services for the financial and accounting audit of the 2022, 2023, 2024 and project closing fiscal years. The Government of the Republic of Mali has received funding from the International Development Association (IDA) to bear the cost of the Regional Project for the Improvement of Disease Surveillance Systems in West Africa - Third Phase (REDISSE III) , and intends to use part of the amount of this Credit and Grant to make payments under the following contract: Consultancy services for the performance of the financial and accounting audit of the financial years 2022, 2023, 2024 and Project closure. The Financing Agreement was signed between the World Bank and the Government of Mali on 13/07/2018. The project entered into force on 04/10/2018 and the closing date set for 31/03/2024. The total amount of the Project is 30 million US Dollars, or approximately 16,080,000,000 FCFA. The accounting periods covered by the audit are as follows: 2022 (January 1 to December 31), 2023 (January 1 to December 31), 2024 (January 1 to March 31) and closing (April 1, 2024 to July 31, 2024). Consulting services (“the Services”); include, for each of the 04 financial years to be audited (i) the formulation of an opinion on the financial statements of the Project based on the International auditing standards ISA (international standards on auditing) issued by the International Federation of Accountants, IFAC (international federation of accountants), INTOSAI5 (International Organization of Supreme Audit Institutions) in terms of auditing accounts and finally the Audit Guide for the different sectors in Mali; (ii) submission of a management letter assessing the Project's internal control system. To achieve this, the Consulting Firm will audit the Project in accordance with the above-mentioned standards and will include the audit tests and procedures as well as the checks that the auditor deems necessary in the circumstances. To this end, the auditor will ensure, among other things, that (i) all the Bank's resources have been used in accordance with the provisions of the Financing Agreement, with a view to economy and efficiency, and only for the purposes for which they were provided; (ii) the procurement of goods and services financed has been the subject of contracts awarded in accordance with the provisions of the Financing Agreement and has been properly recorded in the Project's accounting books; (iii) sales receipts from bidding documents as well as interest income from bank accounts are correctly recorded in the books of the Project and reflected in the annual financial statements; (iv) all the necessary files, accounts and records have been kept for the various operations relating to the Project; (v) the Designated Account is operated in accordance with the provisions of the Funding Agreement; (vi) the project accounts have been prepared on the basis of the application of the standards of the SYSCOHADA Accounting System (revised if necessary) and give a faithful image of the financial situation of the Project at the end of the financial year, as well as resources received and expenses incurred during the financial year ending on that date; a sampling or survey on the justification of advances made to partners; (vii) the overall financial performance of the Project is satisfactory, in particular by comparing the implementation of activities with the performance indicators as described in the Project documents and identifying all shortcomings and delays as well as their reasons (the Auditor will mention special appraisal on the performance of the fiduciary management of the Project); (viii) the allocation of resources to activities, expenditure categories and components is respected and any deviation is justified; (ix) ineligible expenses in the funds reimbursement requests identified during the audit have been reimbursed to the Designated Account; (x) compliance with the Project's obligations in terms of periodic financial reporting, internal audit, external audit, procurement, The indicative duration for the completion of each of the audit missions mentioned above is a maximum of thirty (30) days from the date notified to the Audit Firm by the Project for the start of the mission concerned. The mission for the audit of the 2024 financial year will be immediately followed by that for the closing period. The indicative date for the start of the first audit mission is April 3, 2023. The firm or group of audit firms selected will sign a contract, which will span approximately 3 years, to carry out the audit of the 2022, 2023, 2024 and closing financial years. The continuation of the services for the audit of year N+1 is however conditional on the satisfactory performance of the services for year N. The key personnel to be mobilized per mission will be composed of a mission director, a mission leader, a senior auditor and a procurement specialist. The detailed mandate of the mission (terms of reference) can be obtained at the address indicated below. The Coordinator of the Regional Project for the Improvement of Disease Surveillance Systems in West Africa - Third Phase (REDISSE III), now invites eligible Expert Firms (“Consultants”) to express their interest in providing the services described above. Interested Consultants must provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. The pre-selection criteria (shortlist) are as follows: (i) be an independent Audit and Chartered Accountant Firm, with a habitual profession of auditing the accounts, regularly registered on the Roll of an Order of Chartered Accountants recognized in the international by IFAC or FIDEF, eligible for public procurement, acceptable to the World Bank, (ii) have, from January 1, 2013 to date, proven experience in financial auditing of development projects/programs financed by World Bank/ADB/FED/AFD/KFW; and (iii) have the technical and managerial capacities to be able to carry out the services, subject of this notice. Evidence of satisfactory performance of financial audit assignments (from January 1, 2013 to date), as defined above, must be provided in the expression of interest file; otherwise, the mission will not be taken into account during the evaluation. The attention of interested Consultants is drawn to Section III-paragraphs 3.14; 3.16 and 3.17 of the "World Bank Procurement Regulations for Borrowers seeking Investment Project Financing" - July 2016 edition, revised in November 2017, August 2018 and November 2020, which sets out the Bank's policy worldwide in terms of conflicts of interest. Consultants may associate with other firms to improve their qualifications, but must clearly indicate whether the association takes the form of a company and/or a sub-consulting firm (in the form of a consortium jointly and severally or a subcontractor agreement). In the case of a joint venture, all joint venture partners are jointly and severally liable for the entire contract, if selected. A Consultant will be selected in accordance with the "Selection Based on Quality and Cost" method set out in the above-mentioned Regulations. Further information can be obtained at the address below every working day from 8am to 4pm GMT. [Disclaimer: The above text is machine translated. For accurate information kindly refer the original document.]
• Documents:

 Tender Notice