Terms of Reference (ToR) for Local External Auditor

The objective of the audit is to obtain reasonable assurance on the annual financial statements and to provide an independent professional opinion on whether they are prepared, in all material respects, in accordance with the applicable reporting framework, donor requirements, and Ethiopian statutory and regulatory requirements. The audit shall also assess the adequacy of internal controls, compliance arrangements, and financial management practices relevant to SNV Ethiopia’s operations.

1. The auditors shall express an independent professional opinion on whether the annual financial statements present fairly, in all material respects, the financial position, financial performance, and cash flows of SNV Ethiopia in accordance with the applicable reporting standards and the requirements of the Authority for Civil Society Organizations (ACSO) Proclamation No. 1113/2019 and related regulations in Ethiopia.
2. The audit shall be conducted in accordance with International Standards on Auditing (ISAs), applicable Ethiopian audit and accounting requirements, the requirements of ACSO, and any relevant donor-specific audit conditions. The auditors shall comply with all professional, ethical, independence, and statutory obligations applicable to audit practitioners in Ethiopia.
3. The audit shall primarily be conducted from the Addis Ababa office. Where transactions, supporting documents, assets, or controls relate to satellite or project offices, SNV Ethiopia shall make selected records available centrally. The auditors may request additional evidence, clarifications, or remote verification procedures where necessary to support the audit opinion.

For detail see Terms of Reference (ToR): >> https://docs.google.com/document/d/1kjQCgttOzrXrwsZtODcOdOg7gHNmPr-S/edit?usp=sharing&ouid=110887480410632260964&rtpof=true&sd=true

The Audit firm should hold should be “A” grade classification, as per the Previous grading system (By General Auditors) or an equivalent rating by the Accounting and Auditing Board of Ethiopia (AABE), which is currently the governing and certifying body for Auditors.