POINT Organization announces the opportunity to submit a tender in the sealed envelope for Annual audit.
Tender NO: 1/20
Date: 08 Jan 2020
Dead line: 22 Jan 2020
Place: Turkey / Gaziantep
About POINT
POINT was established by a group of humanitarian workers and it’s headquartered is in Gaziantep, Turkey. As an organic non-governmental organization, the co-founders of PONT realized the crucial capacity gaps and needs for the civil society and communities to play a greater role in improving the response to the humanitarian crisis and better contribute to the stabilization of their conflict-affected country. POINT provides capacity development to the local civil society and communities actors as well as local staff in INGOs. This is in order to strengthen their voice, increase their impact and bring about the development of diverse, inclusive and independent civil society and communities.
The objective and scope of the audit
Auditing the financial statements of POINT Organization, which comprise the statement of financial position as at December 31, 2018 and December 31, 2019, and the statement of comprehensive income, statement of changes in accumulated funds and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies.
The objectives of the audit are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The responsibilities of the auditor
To conduct the audit in accordance with ISAs. Those standards require that the auditor comply with ethical requirements. As part of an audit in accordance with ISAs, exercise professional judgment and maintain professional skepticism throughout the audit. also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management
- Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the organization’s ability to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Other Relevant Responsibilities
Independence:
the auditor should commit to the best of our knowledge and belief, meet the independence requirements of The Code of Ethics for Professional Accountants (“the Code”) in relation to the audit of the financial statements. In conducting our audit of the financial statements, should we become aware that we have contravened the independence requirements of the Code we will notify you on a timely basis.
Detection of fraud, error and non-compliance with laws and regulations:
The directors are responsible for safeguarding the company’s assets and for the prevention and detection of fraud, error and non-compliance with regulatory requirements. designed the audit procedures to provide reasonable assurance that there are no undetected errors or irregularities, including fraud and other illegal acts, material to the financial statements.
Communication of Audit Matters
Communicate audit matters of governance interest arising from our audit with:
I. the board of directors
II. the audit committee and/or
III. Management
Form and Content of Audit report
Audit report should be in the form required by International Auditing Standards.
At the conclusion of the work auditor issues a Management report, referred to as a “management letter”, in relation to matters considered appropriate to bring to the attention of the directors, management or the audit committee. This report may not be provided to a third party without our written consent.
Main requirements for Bidders
- technical proposal includes the experience of the bidder and sample of its main clients.
- the final reports should be in English with mentioning for availability to generate it in other language (Arabic, Turkish).
- the financial offer should be in Turkish lira.
How to apply
- Sealed envelopes should be delivered to POINT head office
address:
İnciliPınar Mah. NailBilen Cad. UĞUR PLAZA İŞ MERKEZİ Kat: 3 Ofis: 301 ŞEHİTKAMİL – GAZİANTEP / TURKEY
- The envelop should include the technical offer and financial offer in seal envelops separately. (One sealed envelope for financial offer and one seal envelop for technical offer. Then both offers are placed in a third seal envelop).
For any questions you are welcome to contact us on:
- To help us track our procurement effort, please indicate in your email where (vacanciesinturkey.com) you saw tender/procurement notice.