Accounting and Auditing, Accounting System Design
First Consult Africa Development (FCAD) invites qualified audit and advisory firms to submit Expressions of Interest for independent audit and assurance services.
Description
CALL FOR EXPRESSIONS OF INTEREST (EOI)
Audit Service for First-Time IPSAS Adoption & FY 2025/26 External Audit
First Consult Africa Development (FCAD) invites qualified and experienced audit and advisory firms to submit Expressions of Interest for the provision of independent audit and assurance services related to its first-time adoption of the International Public Sector Accounting Standards (IPSAS) and the external audit of the FY 2025/26 financial statements.
Scope of Services
The selected firm will:
- Review the IPSAS conversion methodology and implementation process.
- Assess the opening IPSAS Statement of Financial Position.
- Verify IPSAS conversion adjustments and accounting treatments.
- Review IPSAS-compliant accounting policies and financial statement disclosures.
- Assess compliance of the first IPSAS financial statements.
- Conduct the FY 2025/26 external audit.
- Issue audit reports with findings and recommendations.
Expected Deliverables
- Inception Report
- IPSAS Compliance Review Report
- FY 2025/26 External Audit Report
- Final Audit Findings and Assurance Report
Assignment Duration
The assignment is expected to be completed within four (4) weeks from the date of contract signing.
Qualified firms with demonstrated experience in IPSAS implementation and external audit services are invited to submit their Expressions of Interest in accordance with the requirements to be provided by First Consult Africa Development.
|
|
Description and evidence to be assessed |
Weight |
|
1 |
Technical competency |
70% |
|
1.1 |
Firm's experience in IPSAS audit/advisory assignments completed during the last five years (contracts, completion certificates, or client references) |
20% |
|
1.2 |
Direct experience with first-time IPSAS adoption and audit of IPSAS financial statements (at least three comparable assignments, with scope and client contacts) |
10% |
|
1.4 |
Feasibility of the work plan, four-week schedule, milestones, quality-control process, and allocation of person-days |
10% |
|
|
Description and evidence to be assessed |
|
|
1.5 |
Qualifications and relevant experience of the engagement partner/team leader in IPSAS and external audit |
20%
|
|
1.6 |
Adequacy and balance of the proposed team, including professional certifications, role clarity, and availability |
10% |
|
2 |
Financial proposal: completeness, reasonableness, and value for money of the detailed cost structure |
30% |
|
|
Total |
100% |
Candidates who scored below 50% on the technical evaluation will not be considered for financial evaluation.
INSTRUCTIONS FOR THE TECHNICAL AND FINANCIAL PROPOSAL
Interested firms shall submit:
- Company profile and relevant IPSAS audit experience.
- Technical proposal and methodology.
- Qualifications and CVs of the proposed team.
- Three testimonial letters/recommendations for a similar assignment. Work plan.
- Financial proposal that includes a detailed cost breakdown, including professional fees, personnel daily rates, and any other related costs necessary for the successful execution of the assignment. All costs should be quoted in ETB and be inclusive of applicable taxes.
APPLICATION PROCESS
Technical and financial proposals should be sent separately to [email protected] subject of the email should state the TOR Title as "Audit Service for First-Time IPSAS Adoption".
- The application deadline is August 17, 2026,5:00 PM (UTC+3:00) and proposals sent after this date will not be considered.
INFORMATION AS
For clarification or for any queries relating to this assignment, please contact the focal below before August 14, 2026, until 5:00PM (UTC+3:00)
Name: Tamrat Lemmanence deswA yno 16 0020420000210
Title: Finance Manager
Email address: [email protected]
First Consult Africa Development reserves the right to reject the bid fully or partially.
Tender details
- Deadline: 2026-08-17
- Bid closing time: 17:00
- Bid opening: 2026-08-17 17:00
- Bid opening (note): No Specific Opening date and time
- Region: Addis Ababa
- Publishing entity: First Consult
- Published on: Fortune (Aug 09, 2026)
- Posted at: 2026-08-10T14:43:52.000Z
- Buyer website: https://fcafrica.com/