SOPHOS AFRICA

Reporter
(Jan 26, 2025)

INVITATION FOR BID IPSAS ADOPTION SERVICES

SOPHOS AFRICA is a non-profit organization: Following the conception of its valon, it canied out ground activities in 2021 including defining strategic directions and sharing the vision to stakeholders and partners. developing governance, and registering the organization, SOPHOS AFRICA is a legal entity in Ethiopia. the USA and the UK. Each entity has its own governing body, SOPHOS AFRICA has also established non-government Advisory Councils in Europe and North America.

SOPHOS AFRICA (SA) has established and instituted its financial management and reporting function based on the Generally Accounting Procedures (GAAP). However, SOPHOS AFRICA is looking into adopting International Public Sector Accounting Standards (IPSAS) in its financial management and reporting to have an internationally uniform financial reporting

system and enhance Its accountability and transparency. SOPHOS AFRICA b inviting registered and qualified Audit firm/ Consultancy Firm to Adopt IPSAS its book of accounts for the budget year 2024 GC

1. The bidder audit firm should have demonstrated experience in PSAS and in accordance with the requirements of FDRE charities and societies Authority

2. The interested bidder should submit the following documents with their proposal:

  • Recently renewed certificates of professional competency and business license.
  • Certificate of compliance from the office of the Accounting and Auditing Board of Ethiopia (AABE)
  • TIN & VAT certificates and recent Tax clearance.

3. The bidders are expected to have a Master’s degree in financial law, Accounting, or Business Administration with over 5 years of working experience and an IPSAS professional qualification from ACCA or a similar recognized body is a must.

4. Considerable experience in adopting and implementing International Public Sector Accounting Standards (IPSAS) and/ or International Financial Reporting Standards (IFRS) for a minimum of five years, in non-governmental organizations (with At least Three Testimonies on the IPSAS Conversion Process).

5. The Key Deliverable of the auditor/ consultancy firm for Adopting IPSAS, the consultancy firm will

  • Revision of the SOPHOS AFRICA (SA) chart of account
  • Develop an inception report based on the TOR. outlining a sound methodology for the adoption and implementation of PSAS. The inception report will have plans and strategies with clear deliverables, indicators, resources and tools to be used in the implementation of IPSAS
  • To guide and support in designing and implementing its system and recommend modifications in information system/software policy processes and all other required changes necessary  for it to adopt and implement IPSAS
  • To facilitate the adoption and implementation of IPSAS in preparing the annual financial statements of SA by providing required technical assistance: detail gap analysis, development Roadmap for IPSAS implementation
  • To facilitate in the adoption and Implementation of IPSAS into the SOPHOS AFRICA financial function in the transition from the peach tree Accounting GAAP) to the IPSAS)
  • Soft and Hardcopy of IPSAS converted SOPHOS AFRICA’S Financial Statements

6. The bidden should show the commencement and completion dates of the audit

7. interested bidders should submit in a separate sealed envelope of the technical and audit fee proposals Audit fee should be shown in local currency.

8. Bid closing will be on January 31st, 2015 at 12:00 AM

9. SOPHOS AFRICA serves the right to reject any or all bid

Bid submission A

SOPHOS AFRICA Head office. Scle Sub City Worodes 3. Around

Amboiodor hotel 50mor from Joe’s cale of the Bible Society Building

second floor

Telephone no. +2519-75-75-10-73 OR 0902-45-00-45