Solidaridad Eastern and Central Africa Expertise Centre (Solidaridad) is a not-for-profit organisation registered in Kenya and part of the global Solidaridad Network, headquartered in the Netherlands. The organisation works to improve smallholder producers’ livelihoods through support and market linkages, aiming to enhance living standards and contribute to national economies via sustainable commodity value chains. Solidaridad implements projects in various sectors, including coffee, cotton, gold, horticulture, livestock, sugarcane, and tea, with offices in Ethiopia, Tanzania, and Uganda.
Solidaridad seeks to engage an audit firm to audit its Kenya office financial report and consolidate regional audit reports for the 2024 financial year. The audit, conducted at the Nairobi regional office, must be carried out by an independent, qualified auditor in compliance with International Standards on Auditing (ISA).
The audit will ensure the accounts are free from material misstatements by examining relevant evidence, assessing significant estimates and judgments made by the directors, and evaluating the appropriateness of accounting policies. Conducted per International Financial Reporting Standards (IFRS) and the Companies Act Cap 486, these audits are crucial for guaranteeing the accuracy and reliability of financial reports.
The auditors will identify any weaknesses during the audit and report them to senior management and the board. These reports may only be shared with third parties upon written approval from the Managing Director. Approval will only be granted because the reports are intended solely for Solidaridad, and the auditors do not assume responsibility for any other parties.
The primary purpose of the reports is to highlight observations during the audit, including:
The audit firm will issue an opinion on the financial statements. Alongside the audit report, the firm will also prepare a management letter. Finally, the firm will file the organisation’s income tax return after the firm and company directors sign the final audit report.
The scope of services will include testing transactions and verifying the existence, ownership, and valuation of assets and liabilities as necessary. The auditor must plan and conduct the audit to provide reasonable assurance that the financial statements are free from material misstatements. This involves understanding Solidaridad’s (global and regional) accounting and internal control systems to evaluate their adequacy in preparing financial statements and maintaining accurate accounting records. The auditor must gather sufficient evidence to draw reasonable conclusions. The audit will involve examining evidence on a test basis, assessing the accounting principles and significant estimates made by management, and evaluating the overall presentation of the financial statements.
The audit must be conducted between 01 February 2025 and 31 March 2025.
The audit firm must meet the following criteria:
The key audit team must include the following:
Interested firms should submit the following:
The firm/contractor must submit the EOI by 4 October 2024 at 5:00 p.m. (EAT).
Subject reference: “External Financial Auditor – [insert firm/contractor name].”
Email: Submissions are by email to procurement@solidaridadnetwork.orgwhile addressed to:
Attn: Managing Director
Solidaridad Eastern and Central Africa Expertise Centre
Kilimani Business Centre, Kirichwa Road,
P.O. Box 42234 – 00100 GPO
Nairobi
Note: Canvassing will lead to automatic disqualification, and only the successful candidate will be contacted.
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