External Audit Services for Hassel Microfinance Institution Financial year 2026.

Scope of Work

The detailed scope of work is provided in the attached TOR and includes:

• Audit of the financial statements
• Review of internal controls
• Loan portfolio quality assessment
• Compliance assessment
• MIS and accounting system review
• Management letter with recommendations

6. Duration of the Assignment

The audit must begin on 10^nd Jan 2027 and all final signed reports must be delivered by 10^nd Feb 2027.

7. Proposal Submission Requirements

Audit firms must submit two separate documents:

A. Technical Proposal

The technical proposal shall include:

1. Company Profile
• Legal status, registration certificate, tax ID

• Number of years in operation
• Experience in financial sector audits
1. Relevant Experience
• List of similar assignments (MFIs, banks, NGOs, financial institutions)
• Client references and contact details
2. Audit Methodology & Work Plan
• Understanding of the TOR and assignment
• Proposed methodology
• Timeline and audit schedule
3. Team Composition & CVs
• Partner/Manager name and qualifications
• Audit team members
• Microfinance expertise
4. Quality Assurance & Ethics
• Description of internal quality procedures
• Confirmation of independence
5. Required Forms
• Conflict of Interest Declaration
• Commitment to meet deadlines

B. Financial Proposal

The financial proposal must include:

• Total audit fee (in USD or local currency)
• Breakdown of:
• Professional fees
• Travel costs
• Taxes (VAT, WHT, etc.)
• Any other charges

• Payment terms
• Proposal validity period (minimum 60 days)