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Job Title:  Terms Of Reference for External Audit Services

Organisation: Youth Challenge International (YCI)

Duty Station: Kampala, Uganda

Introduction

These Terms of Reference (TOR) covers External Audit services to Youth Challenge International (YCI)/HerStart Project for financial year 1, July 2023 – 30 June 2024.

About Youth Challenge International (YCI)

Youth Challenge International (YCI) is a leading global youth development organization that promotes youth innovation to drive positive change. Together with our partners, we create market-ready solutions that catapult youth around the world to succeed and prosper. Driven by youth and their potential to affect positive change in the world, our solutions are focused – always keeping the young people we are designing for and with at the center of the conversation. Our approach is rooted in creativity and constantly evolving to respond to changing needs and market realities. YCI is an organization where diversity and talent come together to shape a better future for youth around the world.

HerStart Innovate the Future.

Launched in September 2020, HerStart: Innovate the Future is an initiative developed by YCI to catalyze a more equitable and prosperous economy within Ghana, Tanzania and Uganda. The program includes training and support for aspiring entrepreneurs and aims to engage 10,000 young women to participate in the design and development of innovative solutions to the challenges that their communities face through social entrepreneurship.

Objective of the External Audit: The objective of the audit of YCI financial statements is to enable the auditors to express an independent professional opinion on the financial position of YCI and to ensure that the funds utilized have been used for their intended purposes.

Scope of Audit of YCI Financial Statements

• Develop an understanding of the accounting system. Assess the reasonableness of expenditures and report on whether value for money has been achieved.
• Review the status of the previous audit findings and recommendations detailing levels of implementation to date, the consistency of practice and general usefulness to the organization.
• Assess organization structure in terms of effectiveness and efficiency of the framework of authorities, workflows, adequacy of staffing and competence of staff especially in the finance function and appropriate segregation of duties. Evaluate the control environment.
• Review adequacy of the accounting and financial operations and reporting systems. This will include budget control, cash management, certification and approving authority, receipt of funds, disbursement of funds, proper recording of management intervention and override, records maintenance and control.
• Assess ability to comply with statutory requirements.
• Presentation of the draft Annual Audited Financial Statements, including all findings material or non- material, together with the Management letter to the Project Lead.

PROPOSAL SUBMISSION

The proposal should include the following:

• Certification of the auditor
• Name and physical address and contact details of the audit firm
• Summary of the firm’s background and auditor(s) experience for similar work with a minimum of 4 years’ experience, for external audit work of international NGOs.
• Name, telephone number and address of at least two references from similar contracts
• The applicant’s understanding of the task
• Cost of the task quoted in Uganda Shillings
• Any other relevant information

The expected maximum level of effort is 10 working days.   This includes review and reporting time.

How to apply

Submit your proposal via slukwago@yci.org  with a copy to tjubilee@yci.org

Deadline for receiving proposals is Friday 13th December 2024

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