Hiring of Firm for Conducting Independent Operational Audit (Internal Audit) for RELI Project of SDF

• Country: Bangladesh
• Summary: Hiring of Firm for Conducting Independent Operational Audit (Internal Audit) for RELI Project of SDF
• BDT Ref No: 101222457
• Deadline: 04 Jun 2024
• Financier: World Bank (WB)
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.: SDF/Pro/Firm/Internal Audit /S-2.0 (RELI)/2023/1501
• Purchaser's Detail:
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• Description:
• Expression of Interest are invited for Hiring of Firm for Conducting Independent Operational Audit (Internal Audit) for RELI Project of SDF The objectives of the internal audit are to review and report on:  Reliability of the Financial Management System, financial data and report at all tiers of operation;  Adequacy and effectiveness of the accounting, financial and operational controls;  Complete compliance with Project Agreement, Project Appraisal Document (PAD), Financing Agreement, Subsidiary Grant Agreement (SGA), Project Cost Table, Project Implementation Plan (PIP), Community Operational manual (COM), CARE Fund Manual (CFM), Human Resource Policy and Manual, Public Procurement Rules 2008, World Bank Procurement Guideline and other terms and conditions of the agreement.  Internal Control Systems: completeness, written instructions, effective implementation and frequency of review and up-dating;  To examine financial performance, key ratios and overall profitability that lead to the Village Community Institutions and the RELI Community Societies (RCCSs and RDCSs) sustainable;  To assess whether RELI villages are able to utilize all VDF allocations and funds are not sitting idle in the village institution-s bank account;  Level of compliance with the established policies, plans and procedures;  Financial Monitoring Report (FMR): completeness, timeliness, occurrence, measurement, recording, regularity including eligibility and propriety; and  Assets: completeness, existence, recording, safeguard and utilization for the purpose intended.  Loan management System (LMS): Comprehensive assessment of the Loan Management System (LMS). Internal auditors must exercise due professional care by considering the;  Extent of work needed to achieve the engagement-s objectives;  Relative complexity, materiality, or significance of matters to which assurance procedures are applied;  Adequacy and effectiveness of governance, risk management, and control processes;  Probability of significant errors, fraud, or noncompliance; and  Cost of assurance in relation to potential benefits. That separate bank account is maintained, cheque book, pass book and deposit slips are kept in proper custody, cheque issue register is maintained, all payments above Tk. 5,000/- are made by cheque and that bank reconciliation is prepared regularly
• Documents:

 Tender Notice