Request For Human Rights Research & Advocacy Consortium-HRRAC
Request for HRRAC annual Financial Audits
Human Rights Research and Advocacy Consortium (HRRAC) is a leading Afghan non-governmental organization. HRRAC has more than a decade of experience in advocating for the rights of the excluded and vulnerable population, and community groups. Essential to HRRAC’s intervention, is the mission to advance the fundamental rights and humanitarian assistances to all people of Afghanistan, particularly, the most excluded groups. HRRAC’s programs are meant to improve livelihood through rural recovery projects, doing researches, evidence-based advocacy, capacity building, and humanitarian intervention in emergencies. HRRAC strives to improve equality, fairness, social justice, and open up economic opportunities to the most deprived communities. HRRAC strongly advocates for the rights of the community’s share in mine revenue, access to justice for all, and meaningful inclusion of women and girls in community development projects.
The following are the terms of reference (‘ToR’) on which the HRRAC agrees to engage audit firm ‘the Auditor’ to perform an organizational and project audit and to report FY , 2020 and 2021.
Auditors shall conduct audit in accordance with International Standards on Auditing (ISA) with the objective of expressing an opinion whether the Financial Statements give a true and fair view of the state of HRRAC affairs as at the statement of financial position date and its financial performance and of its cash flows, then ending in accordance with international financial reporting standards. The audit will be conducted with the objective of expressing an opinion on the financial statements.Auditors shall conduct audit in accordance with International Standards on Auditing (ISA) with the objective of expressing an opinion whether the Financial Statements give a true and fair view of the state of HRRAC affairs as at the statement of financial position date and its financial performance and of its cash flows, then ending in accordance with international financial reporting standards. The audit will be conducted with the objective of expressing an opinion on the financial statements.
These terms of reference address the requirement for external audit of financial statements of Afghanistan Center for Excellence (HRRAC) for two financial year starting from January 1, 2020 to December 31, 2021.
Audit will be conducted in accordance with International Standards on Auditing. Those standards require that with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgement, including the assessment of the risks of material misstatement of financial statements, whether due to fraud or error. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
- Audit should be carried out in accordance to ISA (International Standards on Auditing).
- Sufficient audit evidence should be gathered to substantiate in all material respects the accuracy of financial statements.
- The audit report of the auditors should state if the audit was not in conformity with any of the above and indicate the alternative standards or procedures followed.
- The external auditors should examine the reliability and appropriateness of information technology and related systems through which financial statements are prepared and accounts are maintained.
- External auditors should report on appropriateness of internal controls which has direct relation with accuracy of financial statements.