9 Feb 2018

Invitation for Quotation for Audit of Somali Federal Member States (FMS) FY 2017 Financial Statements


Job Description

Invitation for Quotation
Ref No: PREMIS-NCS02/2018 Audit of Somali Federal Member States (FMS) FY 2017 Financial Statements.

The Public Resource Management in Somalia (PREMIS) is a Public Financial Management (PFM) and Public Administration (PA) technical assistance programme funded by the United Kingdom’s Department for International Development (DFID) and the European Union (EU). This programme is working primarily with the Ministries of Finance (MoF), Civil Service Commissions (CSC) and Auditor General Offices of the Federal Member States (FMS) in Somalia: Jubbaland State (JSS); the South West State (SWS); Galmudug State (GSS); and Hirshabelle State (HSS). The overall goal of the programme is to contribute to sound, accountable PFM implementation in the FMS.
Three of these states (Jubbaland, Galmudug and South West) are currently in the process of producing draft government financial statements for the 2017 financial year (FY) in accordance with the relevant PFM legislation and IPSAS – Financial Reporting Under the Cash Basis of Accounting. It is expected the statements will be completed and ready for audit by the end of March 2018.
State Audit Offices have been established in Galmudug and South West States (as yet an office has not been established in Jubbaland State). As these offices have only recently been established, the state audit offices currently do not possess sufficient relevant skill and experience to perform financial statement audits in full compliance with International Standards of Auditing. Therefore, the office of the Auditor General has agreed with PREMIS to contract an audit firm to conduct the audit of each FMS FY 2017 Financial Statements. However, given that the respective Auditor Generals have the legal responsibility to audit these financial statements, State Audit Office staff will participate in these audits as part of the audit teams in their respective states.

General information
The overall objectives of the audits are to ascertain whether the FY 2017 financial statements of Jubbaland, Galmudug and South West States of Somalia are free from material misstatement, whether due to fraud or error, and have been prepared in accordance with IPSAS – Financial Reporting Under the Cash Basis of Accounting and any other applicable laws and regulations. Accordingly, the consultant firm should be registered and have a license from a national or regional professional Accountancy Body. It should have relevant experience in accounting and auditing of public sector entities in Somalia during the last three years.
Location: The audit assignments will be located in the Interim Capital city of the respective FMS. Consultants should be prepared to work in all of the FMS as required.
Duration: The assignment is expected to commence on 1 April 2018 and will be for a period of 90 days. The timing and sequence of the audits will be dependent on the availability of the draft financial statements.
Type of Award: Least Cost Consultant Contract.
Proposal Closing Date: Wednesday 28 February 2018, 1700 Hours (EAT).
PREMIS invites consultant firms to indicate their interest in providing the above services by submitting an email to procurement@premis.so. Interested firms will be sent an electronic Invitation for Quotation (IFQ), containing Terms of Reference (TOR) for the assignment, details of the evaluation and contract award process, as well as instructions for submitting a quotation that provides information indicating that they are qualified to perform the required duties.
Public Resource Management in Somalia (PREMIS)


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