Request for Proposal from Chartered Accounting Firms 2024 Statutory Audit
Introduction
MS4A wishes to engage the services of an audit firm for the purpose of auditing her financial statements for January to December 2024, renewable annually subject to satisfactory performance. The audit shall be carried out in accordance with International Standards on Auditing (ISA) issued by the International Auditing and Assurance Standards Board (IAASB) and International financial reporting standards (IFRS). The audit shall be carried out by an external, independent, and qualified auditor.
Objectives and scope of the audit
- Audit the Financial statements of MS4A for the period January to December 2024 and express an audit opinion according to ISAs on whether the financial statements give a true and fair view of the financial position of the organization as of 31 December 2024 and of its financial performance and its cash flows for the year ended 2024 in accordance with International Financial Reporting Standards and the requirements of the Companies and Allied Matters Act and the Financial Reporting Council of Nigeria Act.
- Examine, assess and report on compliance with the terms and conditions of the relevant agreements and applicable laws and regulations within accounting and taxes.
- The auditor shall examine on a test basis that there is supporting documentation related to the reported expenditure. The size of the test shall be based on the auditor’s analysis and that should be stated in the report. The auditor shall report the identified amount in case there is any missing supporting documentation.
- The auditor shall submit a management letter, which shall contain the audit findings made during the audit process. The audit management letter shall state which measures have been taken as a result of previous audits and whether measures taken have been adequate to deal with reported shortcomings.
The Auditor’s reporting
- The auditor’s report shall contain details regarding used audit method and the scope of the audit
- The report shall contain an assurance that the audit was performed in accordance with international standards and by a qualified auditor
- The report shall contain the responsible auditor’s signature (not just the audit Firm) and title.
- The auditor shall make recommendations to address any weaknesses identified. The recommendations should be presented in priority.
- The report shall not exceed 30 pages, to be written in English and be presented to MS4A in 5 copies and one digital for onward transmission to relevant stakeholders within 6 weeks after the commencement of fieldwork.
Method of application: Interested chartered accounting Firms should submit their proposal (technical and financial) to caf2024statutoryaudit@ms4africa.com
Deadline: Friday 21 March 2025.
Location: Only firm within Abuja are required to apply.
Kindly Note: MS4A reserves the right to conclude this hiring process when a suitable chartered accounting Firm is selected. While MS4A thanks all applicants for showing interest, only shortlisted chartered accounting Firms will be contacted.
Management Solutions for Africa Limited (MS4A) is a registered entity engaged in consultancy services among others with it corporate office located in Abuja. MS4A is a consultant manages payroll services for staff in seven states in Nigeria, namely Delta, Ebonyi, Cross Rivers, Benue, Niger, Kaduna, and Kebbi states.