Consultancy for Auditing and Development of Financial and Accounting Policy and Procedure Manual

Requires a Cover Letter?: 
yes
Application Submissions Guideline: 

Interested Consultancy Firm /consultant in undertaking the prescribed work are to submit:

a) An expression of interest (Cover letter)

b) Submit a proposed timeline schedule based on deliverables and detailed budget per component

c) Any other documents that closely demonstrates the experience and competence, included but not restricted to: i. Curriculum Vitae ii. Provide at least three (3) most recent assignments completed in relation to the development of financial and accounting guidelines and auditing

d) Please send a single file named: [last name] [first name] should be clearly identified as “Recruitment of Consultant - Consultancy to develop the Financial & Accounting Policy and Procedure Manual” and submitted as PDF files via email to the following email address

[email protected] .

 

The deadline for the submission of EOI’s is on Friday 21 May 2021

Contact Person Name: 
Sara Abed Allatif
Contact Person Position: 
Administrative & HR assistant
Contact Person Email: 
Description: 

OBJECTIVE OF THE CONSULTANCY

The objective of this consultancy is to support the Women’s Programs Association (WPA) in strengthening the development and implementation of the Financial and Accounting processes and Reporting framework to ensure alignment with relevant accounting standards, and reflect current best practices. WPA is currently commissioning a consultant to develop an MIS to support in the administrative, technical and financial planning and management, programs monitoring and reporting.

The main objective of the Consultancy is to carry out a financial audit of WPA and an assessment of the financial and accounting procedure practices in order to identify gaps and areas, which may require improvement. Thereafter, a Financial Audit report and a Financial & Accounting Policy and Procedure Manual will be delivered. Key activities will include the following:

  1. Carry out a financial audit and ensure its execution to highest professional quality and in accordance with international auditing standards. On the basis of the information received during the planning phase, the consultant shall determine the audit methods;
  2. Undertake a review of WPA’s Financial & Accounting Procedures Manual including
    a) General Ledger and Chart of Accounts
    b) Internal Control
    c) Organizational Planning and Budgeting
    d) Management and control of Bank Accounts, Cheques, Cash and Receipts
    e) Payroll and
    Administration
    f) Payments
    g) Project Accounting
    h) Audits
    i) Reports
    j) Fixed Asset Account Procedures;

     
  3. Align the Financial & Accounting Policy and Procedure Manual with international best practices related to Financial and Accounting Procedures and Reporting Standards;
  4. Discuss with WPA’s staff to evaluate barriers, needs, and inadequacies of the currently implemented Financial and Accounting process.

 SPECIFIC TASKS AND RESPONSIBILITIES

An experienced Consultant is sought to conduct a comprehensive review of WPA’s documents and frameworks in order to develop the Financial & Accounting Policy and Procedure Manual. The Consultant must research best practices and processes and apply International Financial Reporting Standards that will address specific gaps and barriers by aligning new policies to meet the needs and standards of WPA and its’ Partner Institution.

Specifically, the Consultant is required to:

Task 1: Undertake financial audit of WPA’s 2020 and 2021 Financial transactions and activities;

Task 2: Undertake a comprehensive review of the Financial and Accounting procedures, frameworks, and practices currently adopted by WPA;

Task 3: Discuss with the WPA’s staff to identify specific Financial and Accounting gaps and barriers;

Task 4: Compare and contrast best practice with the WPA operations and make recommendations for improvements;

Task 5: Conduct a review of all forms that are relevant or directly linked to the financial process to bring in line with identified changes where necessary;

Task 6: Produce deliverables outlined in next section "Expected Deliverables"

EXPECTED DELIVERABLES

1. Inception Report that includes
a) the proposed audit methodology and tools,
b) review of the existing documents
c) work plan for the execution of the assignment and expected outputs;

2. Draft Audit report;

3. Draft Financial and Accounting Policy and Procedure Manual, that aligns to the needs and standards of WPA and its’ Partnering Institutions;

4. Presentation of the Draft Audit report to WPA’s Management;

5. Presentation of the Draft Financial and Accounting Policy and Procedure Manual to WPA’s Management team;

6. Submission of Final Audit report;

7. Submission of Final Financial & Accounting Policy and Procedure Manual, that must incorporate feedback received from WPA;

8. Delivery of training to WPA’s Staff on the final draft of the Financial and Accounting Policy and Procedure Manual.

OBLIGATIONS OF THE WPA 

To facilitate the execution of this consultancy, the WPA will provide the following:
a. Available background documents, transactions, invoices… and information relevant to the assignment;
b. Facilitate virtual contact and dialogue with relevant staff and stakeholders, as necessary, upon request of the Consultant.

Professional requirements

Candidates are expected to have:
a) eight years’ experience in conducting financial auditing and providing consulting services in the field of design, development and updating of Finance and Accounting manuals;
b) Six years working experience in auditing and developing Finance and Accounting reporting guidelines;

c) Advanced knowledge of Microsoft Office Package (Excel, Word);

d) Have an extensive similar experience in non-profit organizations with multiple funding sources
e) Full command of the English language with prior experience and proven capacity for excellent oral and written communication/documentation in the development of Finance and Accounting reporting guidelines.

Payment Schedule
20% upon contract signature and approval of inception report and detailed work plan
40% upon submission, presentation and approval of Draft Financial & Accounting Policy and Procedure Manual
20% upon completion of training
20% upon submission and approval of the Final Financial & Accounting Policy and Procedure Manual

Expired

NOTE:

Daleel Madani, the civil society network, serves as a platform for organisations to post their professional opportunities, but is not involved in the recruitment process. The hiring organisation is solely responsible for the job and candidate selection.

Last modified: 
06 May, 2021
Intervention Sector(s):
Children & Youth, Education, Gender issues, Human Rights & Protection, Women Status & Issues
Application Deadline:
Friday, 21 May 2021
Contract Type:
Consultancy
Period of Employment:
Start Date: July 2021
Salary
N/A
Salary Range:
> 3000 (USD)
Education Degree:
Bachelor Degree
Education Degree Details:
Bachelor’s Degree in Finance, Financial Management, Accounting, Auditing OR any other relevant field
Experience Requirements:
More than 10 years
Arabic Language:
Fluent
English Language:
Fluent
French Language:
None
Country/City: 
  • Lebanon
  • Beirut
  • Beirut
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