Request for Quotation for External Audit firms – NRECA International
Accounting and Finance, Consultancy and Training
NRECA International
NRECA International was established in November 1962 when the National Rural Electric Cooperative Association (NRECA) and the newly-established U.S. Agency for International Development (USAID) signed an inaugural cooperative agreement in the White House Oval Office in a ceremony witnessed by President John F. Kennedy. This began NRECA’s overseas involvement to share lessons learned in the electrification of the rural United States with developing countries around the world.
Serving as a non-profit corporation, NRECA International is committed to improve the quality of life for rural communities in developing economies by providing access to reliable and affordable electricity. For more than 50 years, 120 million people in 43 countries have benefitted from our work, and many lives in rural communities have improved in the form of agricultural productivity, improved healthcare, new jobs in micro and small enterprises, and higher incomes and quality of life.
Background
NRECA International is an affiliate of the National Rural Electric Cooperative Association (NRECA) which represents America’s 900 electric cooperatives; many are located in rural parts of the United States. NRECA International was registered by the Agency for Civil Society Organization (ChSA) in Ethiopia and accorded legal personality on 27 May 2019.
NRECA is inviting qualified independent audit firms to submit a quotation for audit services in relation to their ChSA registration auditing requirements, for the year 2022. Applications should contain the information indicated in paragraphs 1 through 6 below. Please note that incomplete submissions may not be accepted.
Audit Strategies
This should be accompanied by a description of the audit approach and work plan to ensure adequate audit coverage of the NRECA annual accounts and financial statements, including consideration of the efficiency of financial procedures, the accounting system and internal financial control.
Audit fee
The justification for the fee proposed, including the linkages to the working months and the audit approach/strategies should be explained.
Working time
An estimate of the total time, in days and months, as well as by category of staff, that will be required to perform the audit annually and over the term of offices should be indicated. The external auditor will issue a report on the audit of the annual financial statements and relevant schedules.
Qualifications
- The curriculum vitae (CV) of each candidates, as well as that of his/her team, should outline where appropriate any previous experience with international organizations. The CV should include brief descriptions of their work experience, professional qualifications, skill and size of the workforce, proficiency in at least one of the two working languages, training and experience of the team. As NRECA complies with the International Public Sector Accounting Standard (IPSAS), please include any relevant information showing the candidate’s knowledge of these standards, including any prior experience in auditing financial statement prepared in accordance with the IPSAS.