Request For Proposals Are Invited For Organization Annual Audit Year Ended December 31 2019 BackgroundYouth Health Development Organization Yhdo Is A Non Governmental Non Political Not For Profit And Independent Organization Established In Afghanistan Since 2009 A Group Of Health Professionals With The Objectives To Serve Marginalized And Affected Population Of The Country Established Yhdo Yhdo Is Registered With Ministry O Economy Of Islamic Republic Of Afghanistan The Aim Of Founders Of Yhdo Was To Transfer The Experiences And Expertise From Several International Organizations To An Afghan Based Organization In Order To Ensure The Sustainability Of Efforts As Well As Provide Opportunities For Afghans To Use Their Full Potentials In Humanitarian And Development Activities In The Country Workin PrinciplesYhdo Respects All Laws And Regulation Of Islamic Government Of Afghanistan Especially The Non Governmental Organization Rules To Perform Its Humanitarian And Development Duties The Organization Strictly Respects The Following Principles Independency As The Real And 100 Independence Is Impossible In Practice ForYhdo Independency Means To Keep The Policy Of Interdependency With The Stakeholders And Partners With Performing Of All Its Activities In The Light Of Overall Goal Of The Organization Non Political The Organization Doesnt Support Any Political Party Equity Yhdo Is Against All Kind Of Discriminations And Perform Its Service On The Base Of Equity Which Take Into Consideration The Need Of Families And Population Professionalism In Order To Have Efficient And Good Quality Services The Organization Performs All Processes Of Management Of Its Projects With Professional Standards Transparency And Accountability The Organization Is Ready To Give Reliable Information Regarding The Management Of Its Budget And Projects To Related Organizations And The GovernmentAudit ObjectivesThe Purpose And The Objective Of The Audit Is To Have An Independent Recognized Firm Opinion On The Financial Statement Of The Organization Balance Sheet Income Expenditure Statement Its Internal Control System Tax And Calculation Of Indirect Cost Rate Of The Organization For The Period 01 January 2019 To 31 December 2019 Audit ScopeThe Preparation Of The Financial Statements And Other Supportive Document Is The Responsibility Of Yhdo The Audit Firm Should Start Examining The Financial Documents And Financial Statement Of Yhdo For The Period Mentioned The Audit Will Involve Verification Of Records Systems And Controls To Determine That Costs Incurred Are Allowable Allocable And Reasonable Under The Agreement Terms And To Identify Exceptions That Have Occurred Or Are Likely To Occur As A Result Of Inadequate Controls Evaluate The Organization Internal Control Structure Assess Control Risks And Identify Exceptions Including Material Internal Control Structure Weaknesses Determine Whether The Organization Complied With Agreement Terms And Applicable Laws And Regulations The Following Steps Should Be Used As The Basis For The Review But They Are Not All Inclusive Or Restrictive In Nature Due Professional Care And Judgment Should Be Exercised To Expand Modify Them As Appropriate Financial Statements Are Prepared In Accordance To Generally Accepted Accounting Principles And In Line With Organization Policies And Procedures The Funds Have Been Accounted For In Accordance To Generally Accepted Accounting Principles And In Line With Approved Contracts Whether The Original Documents Tally With The Figures Reflected In The Financial Report And Financial Statements Identify The Risk Points And Assure These Are Monitored And Assessed On A Regular Basis And Supported By Sound Financial Management Practices Ensure Financial Control Framework Applies Sound Judgment In The Approval Of Expenditure And There Are Adequate Regulatory Checks And Balances Ensure That Information Used For Financial And Accounts Related Decision Making And Reporting Is Timely Relevant And Reliable Ensure That Financial Reporting Framework Monthly Returns And Others Addresses The Need To Have Sound Financial Practices Ensure Expenditure Reports Forms Guidelines And All Other Financial And Accounting Documents Are Provided In Ways That Are Conducive To Their Use In The Financial Accountability And Decision Making Process Ensure The Financial Control Framework Addresses The Management Information Requirements And Expected Attributes Ensure That Accounting And Financial Key Risks Expressed And Assessed In Procedures And Practice And Permit Measurement And Evaluation Of Efficiency Ensure That Appropriate Strategic And Operational Plans Are Developed Applied Reviewed And Updated With Suitable Frequency The Financial Activities Implemented Are Reflected In The Management Decision Making Process And Financial Control Frameworks Ensure That Expense Claimed In The Financial Statements Is Eligible Ensure That Expenses Have Been Incurred And Have Been Borne By The Organization Ensure That Expenses Are Clearly Broken Down As Laid Down In Yhdo Requirements Ensure That Expenses Are Adequately Supported By Appropriate Vouchers Quotations Etc And Have Been Properly Accounted For Ensure That Expenses Have Been Incurred During The Audit Period Ensure That Income And Expenditure Have Been Fully Disclosed In The Financial Statement Ensure That Formal Procedures Are In Place For The Authorization Of All Expenditure Including The Use Of Funds Earned From Income Generating Activities Ensure That All Income From Other Sources Has Been Disclosed In The Financial Statement Ensure That Formal Procedures Are In Place For The Acquisition And Disposal Of Assets And The Nature Of The Assets Acquired Are Clarified Ensure That Assets Are Used Exclusively To Support Running The Operations Of Organization Ensure That All Liabilities Annual Repair Contract Disclosed In The Balance Sheet Ensure That Liabilities That Annual Repair Contract Not Paid At Year End Are Disclosed Ensure That Liabilities Annual Repair Contract Entered Into Solely For The Execution Of The Operations Ensure That Reserve Funds If Any Annual Repair Contract Disclosed In The Balance Sheet Ensure That Restricted And Unrestricted Funds If Any Annual Repair Contract Clearly Shown In The Financial Statement Ensure That Payroll And Other Taxes Annual Repair Contract Deducted Based On Government Tax Policies And Paid To The Government Calculate The Indirect Cost Rate Based On Direct Expenses Of The Organization Of The Organization For The Period And Give The Organization An Audit Indirect Cost Rate Auditors Will Also Prepare The Management Letter At The End Of Audit Fieldwork That Will Include Comments And Observations On The Accounting Records Systems And Controls That Were Examined During The Course Of The AuditIdentify Specific Deficiencies And Areas Of Weakness In Systems And Controls And Make Recommendation For Their ImprovementReport On The Degree Of Compliance Of Each Of The Financial Covenants On The Financing Agreement And Give Comments If Any On Internal And External Matters Affecting Such Compliance Communicate Matters That Have Come To Attention During The Audit Which Might Have A Significant Impact On The Running And Operation Of Yhdo Organization Include ManagementS Comments On The Final Management Letter The Audit Report And Management Letter Shall Be Submitted To Yhdo In English
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