Expression of Interest: Annual Audit of Project/Programme Support Including ISRS 4400 - Revised (Annex D)

Introduction

The World Vision Deutschland e.V., hereafter referred to as the “Cooperation partner” wishes to engage the services of an audit firm for the purpose of auditing the Somali Resilience Program (SomReP) phase 3: Inclusive livelihoods for vulnerable pastoral groups, as stipulated in the agreement between the Cooperation partner and Sida. The audit shall be carried out in accordance with international audit standards (ISA) issued by IAASB. In addition, an assignment according to International Standards on Related Services (ISRS) 4400 (Revised) shall be carried out. The audit and the additional assignment shall be carried out by an external, independent and qualified auditor.

I. Objectives and scope of the audit

The objective is to audit the financial report for the periods 2025-09-01 to

2026-08-31 as submitted to Sida and to express an audit opinion according to ISA, applying ISA 800/ISA 805, on whether the financial report of SomReP phase 3: Inclusive livelihoods for vulnerable pastoral groups is in accordance with the Cooperation partner´s accounting records and Sida’s requirements for financial reporting as stipulated in the agreement including appendices between Sida and Cooperation partner (Agreement).

II. Additional assignment; according to agreed upon procedures ISRS 4400 (Revised), review the following areas in accordance with the Terms of Reference below

Mandatory procedures that must be included:

1. Observe whether the financial report is structured in a way that allows for direct comparison with the latest approved budget.

2. Observe and inspect whether the financial report provides information regarding:

   a. Financial outcome per budget line (both incomes and costs) for the reporting period and columns for cumulative information regarding earlier periods under current agreement.

   b. When applicable, compare if the opening fund balance for the reporting period matches with what was stated as closing fund balance in the previous reporting period.

   c. A disclosure of exchange gains/losses. Inquire and confirm whether the disclosure includes the entire chain of currency exchange from Sida’s disbursement to the handling of the project/programme within the organisation in local currency/ies, if applicable.

   d. Explanatory notes (such as, for instance, accounting principles applied for the financial report).

   e. Amount of funds that has been forwarded to implementing partners, when applicable.

3. a) Inquire and inspect with what frequency salary costs during the reporting period are debited to the project/programme.

Choose a sample of six individuals for five different months and:

b) Inquire and inspect whether there are supporting documentation4 for debited salary costs.

c) Inquire and inspect whether actual time worked is documented and verified by a manager. Inquire and inspect within which frequency reconciliations between debited time and actual worked time is performed.

d) Inspect whether the Cooperation partner comply with applicable tax legislation with regard to personal income taxes (PAYE) and social security fees.

1. Review and confirm that the Cooperation partner screens IP’s and/or suppliers to ensure that such parties are not subject to the European Union’s financial sanctions list of persons, groups and organisations (EU Sanctions list).

Enquire whether there has been any reported findings from the screening process and if so, report on such findings.

5 a) Inspect and confirm that the unspent fund balance (according to the financial report) at the end of the financial year is in line with information provided in the accounting system and/or bank account.

b) Applicable the final year: Inspect and confirm the unspent fund balance (including exchange gains) in the financial report and confirm the amount that shall be repaid to Sida.

Follow up of funds that are channelled to implementing partners

Mandatory assignments that must be included if the Cooperation partner forward funds to implementing partners (IP’s):

Choose a sample of a minimum of 50 % of the total of disbursed funds as well as 50 % of the number of IP’s or a maximum of 10 IP’s.

1. Inspect and confirm whether the Cooperation partner has signed agreements with the selected IP’s.

2. Inspect and confirm whether the Cooperation partner, in all agreements entered with IP’s, included the requirement to carry out annual audits. The requirement shall specify that these audits shall be carried out with application of ISA (reporting according to ISA 800/805) and a separate assignment according to ISRS 4400 (Revised) should be included for project/programme support. If agreements regarding core support are entered into with IP’s, the audit shall be conducted in accordance with ISA 700 or National standards on auditing.

3. Inquire and inspect whether the Cooperation partner has received financial reports and auditor reports from all IP’s included in the selected sample:

4. Inquire and inspect whether the Cooperation partner has verified if reports from IP’s are in line with the requirements in the Agreement.

5. Inquire and inspect whether the Cooperation partner has documented its assessment of the submitted financial reports and reporting from auditors including management responses and action plans from selected IP’s.

6. Inquire and inspect whether the Cooperation partner has documented its follow-up actions based on the information provided in the financial reports and the reporting from the auditor of the selected IP’s.

7. Inquire and inspect whether the Cooperation partner has reported substantial observations from selected IP’s audit reports in its communication with Sida. List observations from IP’s audit reports which have been part of this sample.

Additional procedures to be included:

• Follow-up from Efficiency Audit:

Inquire and inspect whether the Cooperation Partner has implemented the recommendations from Efficiency Audit separately conducted. The follow-up includes inspecting whether the Cooperation Partner has implemented the action plan as described in Cooperation Partner’s management response submitted to Sida.

III. The reporting

The reporting shall be signed by the responsible auditor (not just the audit firm8) and shall include the title of the responsible auditor.

Reporting from the ISA assignment

The reporting from the auditor shall include an independent auditor’s report in accordance with the format in standard ISA 800/805 and the auditor’s opinion shall be clearly stated. The financial report that has been the subject of the audit shall be attached to the audit report.

The reporting shall also include a Management letter that discloses all audit findings, as well as weaknesses identified during the audit process. The auditor shall make recommendations to address the identified findings and weaknesses. The recommendations shall be presented in priority order and with a risk classification.

Measures taken by the Cooperation partner to address weaknesses identified in previous audits shall also be presented in the Management Letter. If the previous audit did not have any findings or weaknesses to be followed-up on, a clarification of this must be disclosed in the audit reporting.

If the auditor assesses that no findings or weaknesses have been identified during the audit that would result in a Management Letter, an explanation of this assessment must be disclosed in the audit reporting.

Reporting from the ISRS 4400 (Revised) assignment

The additional assignment according to agreed upon procedures ISRS 4400

(Revised) under section II, shall be reported separately in an “Agreed-upon procedures report”.

Performed procedures should be described and the findings should be reported in accordance with the requirements in the International Standard on Related Services 4400 (Revised).

When applicable, the sample size shall be stated in the report.

Evaluation criteria For Annual Audit of Project/Programme Support including ISRS 4400

Introduction

The audit report shall be carried out in accordance with conditions set out in article 8 or the Grant Agreement and Sida's standard Terms of Reference for annual financial audit, (Annex D).

The audit shall be carried out by an external, independent and qualified auditor. The audit shall be conducted in accordance with international audit standards issued by International Auditing and Assurance Standards Board (IAASB). The signing auditor shall not be contracted for the assignment for more than a 7-year period.

Sida reserves the right to approve the Cooperation Partner's selection of the auditor and may require that the auditor shall be replaced if Sida finds that the auditor has not performed satisfactorily or if there is any doubt to the auditor's independence or professional standards.

Application Process and Requirements

Proposal Evaluation Criteria

1.0: Mandatory Requirements

• Provide a certified copy of business registration(company/organization)
• Provide a certified copy of tax registration
• Successful bidder will be required to sign World Vision Supplier Code of Conduct form

2.0: Technical Evaluation

2.1 Qualifications

The consultant must have proven expertise and experience in Auditing with special focus. Proof of this is to be provided by submitting, together with the application:

• An overview of relevant works
• Contact details for references
• The proposed team's CVs

2.2 Requirements in detail:

• Professional Certifications and Licensing - Must have a valid professional registration certifying eligibility to practice as an external auditor and express audit opinions pursuant to the laws, rules and other requirements of the country.
• Experience and Expertise:
• Must be professionally competent with a minimum of seven years’ experience in planning and conducting audits of this nature
• Previous working experience in Somalia/Somaliland and/or similar challenging operating environments.
• Experience in similar SIDA assignments or other multilateral donors.
• Staffing and Capacity:

The core team must be fully qualified professionals with over seven years’ experience in planning and conducting audits of this nature, three of which must have been in Somalia or similar fragile contexts

• References and Client Testimonials: At least 3 References including names and contact information (similar assignments in a similar context)

Must be an independent firm free from conflict of interest with World Vision Somalia/Somaliland

2.3 Proposal Contents

Proposals from Consultants should include the following information (at a minimum)

• Technical Proposal with clear methodology on how to conduct the audit
• CVs of key consultant(s) attached to the technical proposal
• Proposed timeline/Work plan
• At least 3 References including names and contact information (similar assignments in a similar context)

Technical Evaluation Criteria

• Professional Certifications and Licensing - E.g., ICPAK
• Experience and Expertise
• Knowledge of Applicable Standards as per TOR
• Audit Approach and Methodology
• Reporting and Communication
• Compliance and Ethical Standards-National standards or Global standards
• Technology and Security-Security of our Data
• References and Client Testimonials

Weighted Technical Evaluation – 100 Points

1. Understanding of the Audit Assignment / TOR - 10%
2. Relevant Audit Experience: More than five years of relevant audit experience, including demonstrated experience working in fragile and complex operating contexts - 20%
3. Audit Methodology and Approach - 20%
4. Team Composition and Qualifications: For the Partner, please attach the relevant qualification certificates, as well as the CVs of the Partner and all proposed team members - 15%
5. Demonstration of Quality Assurance, Risk Assessment, and Internal Control Measures - 10%
6. Detailed workplans and realistic timelines & Deliverables - 10%
7. Knowledge of Donor / NGO / Development-Sector Requirements - 5%
8. References / Past Performance please attach - 5%
9 Technology, Data Security and Confidentiality - 5%

More Details to be provided in the full ToR upon Expression of Interest.

We hereby invite Expression of Interest from registered, approved and reputable consultants to provide above-named services to World Vision Somalia.

1. Interested bidders must be registered to provide consultancy services in their respective countries. 2. Request for Proposal documents will be available Free of Charge to all interested bidders who express interest by filling the form provided in this link [https://forms.cloud.microsoft/r/WHvwMvjB3b](https://forms.cloud.microsoft/r/WHvwMvjB3b) by **5:00 PM Sunday 18th October 2026.** 3. Instructions for submission of completed proposals shall be indicated on the Request for Proposal document. 4. Nothing in this Expression of Interest shall be construed to give rise to contractual obligations with World Vision. 5. World Vision, may at its absolute discretion, suspend or defer this EOI process. *“World Vision reserves the right to accept or reject any Bid and is not bound to give reasons for its decision”*