MASTER SERVICES AGREEMENT 03 – AUDIT QUALITY & REPORTING
PASAI is inviting suitably qualified professionals to apply for a Master Services Agreement based on a need for services centred around providing advice to supreme audit institutions (SAIs) on their Audit Quality and Reporting, including the outputs of the audit/control work that is the core business of any SAI.
This includes an indicator that measures the SAI’s audit coverage for each of the audit disciplines (financial, performance and compliance). Selected consultants will be expected to assist SAI’s to ensure that the three type of audits have been carried out as per international best practices, while training to develop capacity wherever weaknesses are identified.
Brief description for each of the different types of audits is provided below:
Financial audit determines whether an entity’s financial information is presented in accordance with the applicable financial reporting and regulatory frameworks. This is achieved by obtaining sufficient and appropriate audit evidence to enable the auditor to express a reasonable assurance-based opinion on whether the financial information is free from material misstatement, whether due to fraud or error. ISSAI 200 elaborates on this further.
Performance audit assesses whether interventions, programmes and institutions are performing in accordance with the principles of economy, efficiency and effectiveness, and whether there is room for improvement. This is achieved by examining performance against suitable criteria, and by analysing the cause of deviations from criteria or problems. The aim is to answer key audit questions and to provide recommendations for improvement. ISSAI 300 elaborates on this further.
Compliance audit determines whether a particular subject matter is in compliance with applicable authorities identified as criteria. Compliance auditing is performed by assessing whether activities, financial transactions and information are, in all material respects, in compliance with the authorities which govern the audited entity. ISSAI 400 elaborates on this further.
Based on experience, consultants can apply to be selected to provide services for either one of the different types of audits or all three. This Master Services Agreement will be set out for one year along with an option to extend for another year.
Key Information for Request for Proposals (RFP)
Name of Opportunity: Master Services Agreement 03 – Audit Quality & Reporting
Submission Deadline: 5.00 pm (NZDT) 11 November 2021
Deadline on Requests for clarification: 5.00 pm (NZDT) 10 November 2021
Expected Number of Days of work: This Master Services Agreement will consist of a series of mini contracts issued out over a period of one year. Each contract time period may vary between 30 to 45 days (approximately).
Type of Opportunity: Master Services Agreement
Documents to be submitted within the Proposal:
1. Schedule 3 – Response Forms: Letter of Intent to Enter Into a Master Services Agreement 03
2. Schedule 4 – Response Forms: Technical Proposal Template
a) Domain Selection (refer to Section A)
b) Bidder’s Summary Profile (refer to Section B)
c) Technical Proposal (refer to Section C)
d) Candidate’s CV (Additional documents to be attached to Schedule 4)
e) Attested Copies of Relevant Qualifications (Additional documents to be attached to Schedule 4)
3. Schedule 5 – Response Forms: Financial Proposal Template
Address for submitting Proposal: email@example.com
Any other Information: Please clearly mark "Master Services Agreement 03 – Audit Quality & Reporting" in the subject line of your email