Buusaa Gonofaa Microfinance S.C (B.G) seeks to appoint an independent External auditor for the audit of its financial statements audit firm

INVITATION TO BID FOR EXTERNAL AUDIT SERVICE

Background

Buusaa Gonofaa Microfinance S.C (BG) was founded in 1999 G.C as a non-bank financial institution by the Ethiopian Microfinance Business Proclamation No. 626/2009 as amended by Proclamation NO. 1164/2019 BG engages in providing microcredit and saving services to low-income groups including smallholder farmers, microbusiness operators, etc. It is currently operating in the Oromia region with a network of 37 branches and serving more than 50,000 borrowing clients.

BG seeks to appoint an independent External auditor for the audit of its financial statements. The selected audit firm shall be expected to serve for three consecutive financial periods, starting from 2024/25-2026/27. BG prepares its financial statements by the International Financial Reporting Standards (IFRS), and its financial period ends on June 30 of each year.

Eligible audit firms are invited to participate by submitting the following:

The firm's profile

• Trade license (Renewed for the current year) TIN and VAT registration Certificate
• Certificate of Competence from the Accounting and Auditing Board of Ethiopia (AABE).
• List of staff members who will be deployed in the audit and their profiles.
• Evidence of previous experience in providing audit services for financial institutions
• Separate technical and financial proposal that clearly indicates the total price.
• External Audit team members' independence confirmations as per the National Bank of Ethiopia Directive No MF/37/2024, declaration form is annexed to the TOR.
• External Audit team member's fit and Proper Declaration as per the National Bank of Ethiopia Directive No MFI/37/2024, declaration form is annexed to the TOR

Scope of the work

The TOR which describes the scope of the works is accessible from BG's website indicated below or you can also collect the hard copy of the TOR from BG's finance department.

Website: http://www.bgmfi.com 

Audit firms that meet the requirements are kindly requested to submit in person their technical and financial proposals in separate sealed envelopes to the following address on or before October 31, 2024. 5.00 pm.

BG reserves the right to alter the date and time

Address

Buusaa Gonolaa Microfinance S.C

Kolle Keranio Sub-cilly, Woreda 03

Debrezey Road Betesaldo Building, 5 floor

Addis Ababa Ethioplo Tele-251 114 162 621/09 12 017 087