External Audit Engagement for Stromme Foundation Tanzania (2025-2026)
External Audit Engagement for Stromme Foundation Tanzania (2025-2026)
Terms of Reference (ToR): External Audit for the Period 2025-2026
Introduction and Background
SF Tanzania is committed to building the capacity of its partners to facilitate the empowerment of the poor. Through this approach, SF Tanzania aims to establish a strong civil society mechanism to improve the living standards of marginalized, vulnerable, and poor communities. Currently, SF Tanzania is working with five partner NGOs in the selected areas of Arusha, Dar-es-Salaam, Pwani, Singida, and Masai Mara in Kenya.
Objectives and Scope of the Audit Engagement
The primary objective of the audit engagement is to provide an independent audit opinion on the Annual Financial Summary Statement of SF Tanzania. This engagement will be carried out according to the instructions provided by PricewaterhouseCoopers (PwC), Norway, who are the group auditors of SF Tanzania’s office.
The annual audit will cover each entity and include reporting on an interim audit for the first three quarters of the year, to be conducted in September. The group auditor may issue instructions for additional audit performance and documentation on selected entities. This will be remunerated separately, if applicable.
The places of execution for the audit engagement will include SF Tanzania’s Dar-es-Salaam office and the field offices of all implementing partners.
Preparation of Financial Statements
The preparation of the financial statements will include adequate disclosures and partner financial statements, adopting general principles in accordance with the International Financial Reporting Standards (IFRS). The audit process will be carried out in compliance with the International Federation of Accountants (IFAC) standards. SF will provide templates to be used for the annual audit reporting, and the auditor will report on SF’s structure as instructed by the Group Auditor.
If there are any delays, SF will receive prior notification with the reasons explained in advance.
Financial Statements
The financial statements will include the following:
-
Statement of Funds – A report showing funds received from SF Head Office and funds from other donors separately for the relevant period.
-
Compliance with IPSAS – The financial statements will be prepared in accordance with the International Public Sector Accounting Standards (IPSAS) and Tanzania’s regulations.
-
Audit Opinion – The auditor will issue an opinion on the financial statements of SF Tanzania and its partners, highlighting key internal control weaknesses and non-compliance with the Partnership Agreement terms.
The auditor will also prepare reports for both SF Tanzania and implementing partners, detailing fund transfers and specifying donor and project information.
Eligibility Criteria for External Auditor and Team
The audit shall be carried out by an independent Chartered Accountant who is affiliated with a reputed international accounting firm. The firm should have a minimum of 7 years of experience in auditing.
Remuneration
Firms interested in the engagement should submit their best annual fee quotes, detailing the human resource requirements for:
-
Annual Audit
-
Interim Audit
Accommodation and food expenses will be covered separately on an actual basis. If additional audit or documentation requirements arise, the extra fees will be negotiated.
Application Procedure
Interested firms should submit their technical proposals by 6:00 pm on Friday, 23rd May 2025, with the subject line “Expression of Interest” to:
-
Stromme Foundation, Country Office, Masaki Road, Dar es Salaam, Tanzania
-
Email: tanzania@stromme.org
Go to our Tenders Page for more Relevant information
Check out: Important Steps in Filling Out a Tender
For More up to date Opportunities Updates :
Tap / Click Here to Follow the Fursa Opportunities channel on WhatsApp
