Consultancy Services to Conduct HACT Audit of Implementing Partner ExpendituresClosed

Consultancy Services to Conduct HACT Audit of Implementing Partner Expenditures The audit will cover the Statement of Expenditures as reported by the Implementing Partner for a specified period (typically 12 months). The scope encompasses all expenditures reported under the following cash transfer modalities: Direct Cash Transfers (DCT): Advances provided to the IP to carry out activities.Direct Payments: Payments made by the UN agency directly to vendors on behalf of the IP.Reimbursements: Payments made to the IP for expenditures already incurred. Specific Procedures and Auditing Steps Statement of Expenditure Reconciliation: Reconcile the financial reports and FACE forms submitted to the UN agency with the IP’s official accounting records, general ledger, and trial balance.Detailed Substantive Testing: Review transaction samples to verify that the expenditure is valid, accurate, properly classified, authorized in accordance with IP guidelines, and fully supported by original third-party documentation (invoices, receipts, payrolls, etc.)Compliance with Agreements: Verify that expenditures align directly with activities described in the approved Work Plans and comply with the provisions of the IP Agreement.Internal Control Assessment: Assess key internal controls of the IP, specifically looking at authorization limits, segregation of duties, cash management, bank reconciliations, procurement procedures, and asset management.Site Visits & Physical Verification: Conduct physical verification of equipment, assets, or completed works in the field, as applicable, to confirm existence and utilization for program activities.Quantification of Findings: Identify and quantify the precise financial impact of any ineligible, unauthorized, or unsupported expenditures.OFA Verification (for UNFPA-funded programs): Express a specific opinion on the outstanding balance of the Operating Fund Account (OFA), where applicable Institutional Qualifications The Auditor must be an independent, reputable audit firm experienced in performing financial audits in acco... Documents available on UNDP Quantum portal: https://undp.sharepoint.com/sites/Docs-Public/Procurement/Forms/AllItems.aspx?env=Embedded&isAscending=false&FilterType1=Text&sortField=Modified&FilterField1=NegotiationNumber&FilterValue1=UNDP-SWZ-00266