Request For Teach For Afghanistan Organization
Request For Auditing Services (RFP01/25)
Request for Proposal (RFP) for Audit Services
Issued By: Teach for Afghanistan Organization (TAO), Kabul, Afghanistan
Date: 04/03/2025
Proposal Submission Deadline: 18/03/2025
Audit Commencement: 09/04/2025
Teach for Afghanistan Organization (TAO) is a non-profit organization dedicated to providing access to quality education for children in underserved communities in Nangarhar, Parwan, and Laghman provinces, with its headquarters in Kabul and provincial offices in Nangarhar and Parwan provinces.
To uphold transparency, accountability, and compliance with financial regulations, we are inviting qualified auditing firms to conduct an external audit for fiscal years 2022, 2023, and 2024. The audit will assess TAO’s financial statements, internal controls, and adherence to Afghan laws and international non-profit standards.
Scope of Audit
The selected audit firm will perform an independent audit of TAO's financial statements for the fiscal years ending on December 31, 2022, 2023, and 2024.
The audit will encompass all financial transactions, records, and the evaluation of internal controls and financial procedures, ensuring compliance with International Standards on Auditing (ISA) and other relevant guidelines for non-profit organizations.
Key deliverables include:
- Verification of the accuracy and completeness of financial statements for the audit period.
- Review of compliance with Afghan tax regulations and applicable laws.
- Assessment of internal control systems and identification of potential deficiencies.
- Review of funding sources, grants, and expenditure allocations.
- Analysis of financial risks and recommendations for improving financial management and reporting.
Audit Objectives
The audit aims to:
Accuracy:
Ensure that TAO's financial statements present a true and fair view of its financial position, in accordance with International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA). The audit will ensure that all financial data is accurate, consistent, and free from material misstatements.
Compliance:
Verify strict adherence to applicable Afghan laws, donor requirements, and internationally recognized non-profit accounting standards. The audit will assess compliance with tax regulations, grant conditions, and relevant non-profit frameworks to confirm full regulatory conformity and transparency in reporting.
Internal Controls & Risk Management:
Evaluate the robustness of TAO's internal control systems, with a focus on effective management of funds, safeguarding assets, and fraud prevention. The audit will assess whether proper documentation is maintained for all financial transactions, whether risk mitigation processes are effectively implemented, and whether internal controls are designed to prevent misappropriation or misuse of resources.
Reporting Requirements
The audit firm will be required to produce a comprehensive set of reports for each fiscal year audited. These reports must meet the highest standards of clarity, accuracy, and detail, providing actionable insights for both management and governance. The key reports include:
- Audit Opinion: A formal statement on the fairness and accuracy of the financial statements, reflecting whether they conform to generally accepted accounting principles (GAAP) and International Standards on Auditing (ISA).
- Management Letter: A detailed letter to TAO’s management outlining any identified material weaknesses, significant deficiencies, and areas for improvement in internal controls and financial practices. The letter should include practical recommendations to enhance financial governance, reduce risks, and ensure stronger compliance with donor and legal requirements.
- Compliance Report: A report specifically focusing on TAO’s adherence to Afghan tax regulations, donor agreements, and relevant non-profit laws. Any areas of non-compliance should be highlighted, with corrective actions suggested where necessary.
Submission Process:
- Initial Review: A draft version of the audit reports should be shared with TAO’s management for an initial review within two weeks of completing the fieldwork.
- Management Response: TAO management will provide feedback on the draft reports, addressing any identified issues or providing clarifications where necessary.
- Final Report Submission: Finalized reports, incorporating management feedback, must be submitted within three weeks of audit completion.
- Presentation to the Board: Upon request, the auditing firm may be required to present the final reports to TAO’s Board of Directors, ensuring full transparency and clarity on the findings.
The final reports are critical documents for our governance and compliance, and should be submitted both in digital and printed formats for archival and review purposes.
Please send proposals to: procurement@teachforafghanistan.org
We look forward to receiving your proposal.