Consultancy to Provide Audit Services for the Macroeconomic Stability and Financial Integration (MSFI) Project in SADC Region

The Southern African Development Community (SADC) Secretariat has received financing from the African Development Bank toward the cost of the MACROECONOMIC STABILITY AND FINANCIAL INTEGRATION PROJECT IN THE SADC REGION and intends to apply part of the agreed amount for this grant to payments under the contract for CONSULTANCY TO PROVIDE AUDIT SERVICES FOR THE MACROECONOMIC STABILITY AND FINANCIAL INTEGRATION (MSFI) PROJECT IN SADC REGION.

The MSFI project objective is to enhance macroeconomic stability and convergence in the SADC region and to support the development of integrated of financial markets in SADC, to facilitate the most efficient allocation of savings and investment.

The overall objective of this consultancy assignment is to to review financial statements and to:

• To obtain reasonable assurance as to whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. The conduct of an audit allows the auditor to express an opinion on whether the financial statements are

prepared in all material respects, in accordance with an applicable financial reporting

framework.

• Form a conclusion, report on the financial statements as a whole, and communicate as required;
• Obtain limited assurance whether the project books of accounts provide the basis for preparation of the PFSs by the Implementing Agency and are established to reflect the financial transactions in respect of the project. The Implementing Agency maintains adequate internal controls and supporting documentation for transactions.

The SADC Secretariat now invites eligible consulting firms to indicate their interest in providing these services. Interested consulting firms must provide information indicating that they are qualified to perform the services (i.e. description of similar assignments, experience in similar conditions and availability of appropriate skills among staff). The consulting firm should be registered and have a license from a national or regional professional Accountancy Body. The consulting firm should have relevant experience in accounting and auditing of development project/programs, especially donor-funded operations.

Consultants may constitute joint-ventures to enhance their chances of qualification.

Establishment of the short-list and the selection procedure shall be in accordance with the African Development Bank’s Procurement Policy for the Bank Group-funded Operations”, dated October 2015, which is available on the Bank’s website at http://www.afdb.org.

Request for Expressions of interest