Location of Assignment: Abuja, Nigeria


Nature: Consultancy


Yiaga Africa Initiative in accordance with its internal financial policies and internationally accepted standards of practice is accepting proposals from competent and reputable audit firms to carry out an audit of its accounts for the year ending 31st December 2019. In line with this, interested firms are advised to apply.


The audit will be conducted in accordance with the International Auditing and Assurance Standards (ISA) and Board of the International Federation of Accountants (IFAC), with special reference to ISA 800 (Auditor’s Report on Special Purpose Audit Engagements) and relevant YIAGA Financial guidelines. In conducting the audit, the audit firm will amongst other tasks pay special attention to the following;

  1. The conduct of financial transactions in accordance with relevant general conditions, financial agreements and donor requirements, with due attention to economy and efficiency
  2. Goods and services procured in accordance with organizational policies, relevant general conditions and financing agreements
  3. Necessary supporting documents, records, and accounts kept in respect of all project ventures including expenditures reported via project reports or Audited Financial Reports if used as the basis of disbursement, or Designated Accounts (DAs). Clear linkages should exist between the accounting records and financial reports.
  4. The accounting records have been prepared in accordance with generally accepted accounting principles and practices and relevant YIAGA policies and guidelines, and give a true and fair view of the financial position of all projects as at financial year-end and of the resources and expenditures for the year ended 31st December 2019.
  5. Review the compliance on each of the financial covenants as per the donor Agreements to ensure compliance for the conditions under which the funds were released.

The auditors will issue an audit opinion on YIAGA’s financial standing. In addition to the audit opinion, the auditor will prepare a “management letter,” in which the auditor will:

  1. Give comments and observations on the accounting records, systems, and controls that were examined during the course of the audit;
  2. Identify specific deficiencies and areas of weakness in systems and controls and make a recommendation for their improvement;
  3. Report on if any, non-compliance with each financial covenant in relevant financing agreements;
  4. Communicate matters that have come to their attention during the audit which might have a significant impact on the operations of the organization; and
  5. Include management’s comments in the final management letter.

The Consultant should be an internationally qualified auditor (and members of the Certified Public Accountants (CPA) and Association of Chattered certified accountants (ACCA) or its equivalent) with experience in donor and grantee accounting and financial management and should have a minimum of five years’ experience in the field with experience in statutory and project auditing. The Firm should have strong knowledge and experience (minimum of 5 years) in donor account auditing. The firm should have specific experience in the World Bank, United Nations, European Union, DFID and USAID Accounts auditing.

Please send (via e-mail) expression of interest, Proposals (both technical and financial), and comprehensive resume of the audit team members and firm’s profile document to:

The Executive Director, Yiaga Africa (YIAGA); Email: [email protected]

The email subject should read – Expression of Interest: External Auditors. The application deadline is 4th February 2020. 

Only shortlisted firms will be contacted.