External Auditor at ICS- SP Africa

The specific objectives include:

• Opinion on financial statements: To express an opinion on whether the financial statements provide a true and fair view of the organization’s financial position and performance.
• Compliance assessment: To assess the organization’s compliance with applicable laws, regulations, and accounting principles.
• Internal control evaluation: To evaluate the design and implementation of the organization’s internal control system, especially concerning donor funds, grants, and restricted resources.
• Irregularities detection: To identify any material instances of irregularities, or non-compliance with the organization’s policies, donor requirements, and legal obligations.
• Evaluation of donor and grant fund management: To assess the proper utilization and accounting for donor funds, grants, and restricted funds, ensuring that they are used in accordance with the terms of the agreements.

SCOPE OF THE AUDIT

• The scope of the audit will encompass the following:
• Financial statement audit: The audit will cover all financial statements for the year ended 31st December 2025, including the statement of financial position, statement of activities, statement of cash flows, and notes to the financial statements.
• Audit of donor funds and grants: The audit will specifically review the management of donor funds, ensuring compliance with donor agreements and restrictions, and assess the adequacy of the organization’s systems for reporting donor-funded activities.
• Internal control systems review: The auditors will assess the effectiveness of internal controls related to financial reporting, budgeting, and financial management.
• Compliance with relevant laws: The audit will assess the organization’s compliance with national laws, regulatory requirements, and applicable international standards related to the non-profit sector.
• Risk management assessment: The audit will include an assessment of the organization’s risk management practices, especially in relation to financial risks

RESPONSIBILITIES OF THE AUDITORS

The external auditors will:

• Conduct the audit: Perform the audit in a professional, objective, and independent manner.
• Issue the audit opinion: Provide a clear, independent audit opinion on the financial statements for the year ended 31st December 2025.
• Identify material misstatements: Report any material misstatements in the financial statements or other irregularities that may be found during the audit.
• Report on internal controls: Provide an evaluation of the organization’s internal control environment, highlighting any weaknesses or areas for improvement.
• Compliance reporting: Assess and report on compliance with laws, regulations, and donor agreements.
• Audit report: Submit a comprehensive audit report detailing the findings, the audit opinion, and recommendations for improvement.