Panama: Financial Statement Audit of Fundación Avina in relation to funds received from the Green Climate.
The objective of the audit of the Financial Statement (FS) is to enable the auditor to express an independent opinion on the financial performance of the activities undertaken by Fundación Avina for funds received and expenditures under the readiness project “Enhance the capacity of Decentralized Autonomous Governments to access and manage climate finance in Ecuador and contribute to the implementation of the NDC” granted by the Green Climate Fund and managed by UNOPs; as well as an opinion on the Statement of Expenditures (SOE). The audits will be conducted at the end of the first year of the implementation period and at the end of the project. Each audit of the FS shall cover the period of one fiscal year of the delivery partner. The first audit will be conducted from the effectiveness up to March 29, 2020. The audited Financial Statements for each period shall be furnished to UNOPS not later than 15 calendar days after the end of each period.
The accounts (books of account) provide the basis for preparation of the FS and are established to reflect the financial transactions in respect of the activities, as maintained by the delivery partner. The delivery partner maintains adequate internal controls and supporting documentation for transactions.
The responsibility for the preparation of financial statements, including adequate disclosure, is that of the delivery partner. The delivery partner would prepare the FS in accordance with the applicable financial reporting framework i.e. the International Public Sector Accounting Standards (IPSAS) or the International Financial Reporting Standards (IFRS).
The auditor is responsible for forming and expressing an opinion on the financial statements submitted by the delivery partner. The auditor would carry out the audit of the project in accordance with the International Standards on Auditing (ISA), as promulgated by the International Federation of Accountants (IFAC). As part of the audit process, the auditor may request from the Delivery Partner written confirmation concerning representations made in connection with the audit.
The audit firm should be based in Panama. It should be affiliated with an internationally reputed audit firm.
Interest parties please submit your company presentation and letter of interest to the following email: email@example.com until Friday, February 21st 2020
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