Recruitment of Consultant for Review of Financial Reporting
Source: World Bank — Ethiopia PFM Project
REQUEST FOR EXPRESSIONS OF INTEREST
FOR INDIVIDUAL – INTERNATIONAL CONSULTANT
COUNTRY- ETHIOPIA
NAME OF PROJECT- Public Financial Management Project
Credit No. IDA-57660
Assignment Title: For Recruitment of an Individual Consultant for Financial Review & Monitoring Manual Developer
Procurement plan Package No: - ET-MOFEC-COPCU-97919-CS-INDV
This Request for Expressions of Interest follows the General Procurement Notice for this project that appeared in Development Business No. DB Reference Nº: WB 1067/03-16 Posted on March 8/2016
The Government of Federal Democratic Republic of Ethiopia has received a credit from the International Development Association (IDA) and intends to apply part of the proceeds of this Credit to payments under the contract for selection and employment of an Individual Consultant for Financial Review & Monitoring Manual Developer for Accounts and Auditors Board of Ethiopia (AABE).
The objective of this assignment is to develop financial reporting’s monitoring &review Procedural Manual and to deliver a class room based and an on the job training using the Manual to AABE’s monitoring &review experts.
The scope of work for the Individual Consultant will include but not be limited to:
Preparation of monitoring and review manual for financial reporting, monitoring and review: The consultants will design and develop manual for financial reporting, monitoring and review. The consultants will plan, prepare documents and solicit and address feedback on the document based on the time breakdown
Duration of the assignment -----6 Months (Time Based)
Task and Deliverables
S.N | Task | Deliverables
|
|---|---|---|
1 | Review the existing draft financial review manual based on acceptable international standard as well as local rules and regulation and propose amendments to it | Preparation of major points identified that need amendment and validate the document |
2 |
Call a meeting for feedback on the prepared document | Outline and explain the amended activities on the existing draft manual to the AABE representatives and stakeholders |
3 | Finalization of the First revised draft manual | Present the first revised draft of the document prepared by the consultant |
4 | Preparation of training material (power point presentation and practical exercises) | Presentation material developed |
5 | Conducting class room training on the Prepared manual to AABE staff | Training given to all AABE Financial reports Monitoring and review experts. |
6 | Practical field review support to employees of AABE | Conduct on job training and mentoring |
7 | Amending the final draft manual based on the lessons drawn from the field testing exercises on selected reporting entities managed by the consultant engaging the newly trained AABE experts | Submit the final financial reports review and monitoring manual to AABE |
Qualifications and skills
The consultant should have a minimum of MA in Accounting, accounting and Finance, or similar fields and hold an internationally recognized professional accountant credential/certification;
Experience
Have at least 15 years of experience in the financial statement preparation, monitoring and review in different industries (Financial institution, manufacturing, construction, real estate, agricultural, forestry, hotel etc.) area including practice review and financial reporting, monitoring and review manual development and interpretation of reports as well as training in accountancy and finance;
Be a subject matter expert in the area of accounting standards, and in particular review and monitoring - experience in working or serving with international accountancy organizations like, International Financial Reporting Standard Foundation (IFRS foundation), International Federation of Accountants (IFAC), International Public Sector Accounting Standards Board (IPSASB), International Accounting Standard Board (IASB), International Association for Accounting Education and Research (IAAER), etc
Have additional background either formal or non-formal, as follows:
- Formal- practical experience in practice review and financial reporting, monitoring and review and financial manual preparation in this specific area.
- Non-formal- been a trainer on previous activities relevant to the practice review and financial reporting, monitoring and review; published articles or other publications relevant to the topic.
Language skills and other requirements
The consultant should be fluent in English and have experience working with groups comprising individuals with diverse backgrounds.
The Ministry of Finance (MoF), Channel One Programs Coordinating Directorate (COPCD), now invites eligible individual consultants to indicate their interest in providing these services. Interested consultants must provide CVs supporting documents and information indicating that they are qualified to perform the services (description of similar assignments, experience in similar conditions, qualifications, and so forth).
The attention of interested Consultants is drawn to paragraph 1.9 of the World Bank’s Guidelines: Selection and Employment of Consultants [under IBRD Loans and IDA Credits & Grants] by World Bank Borrowers [January 2011 and as revised July 2014] (“Consultant Guidelines”), setting forth the World Bank’s policy on conflict of interest. An individual consultant will be selected in accordance with the Selection of Individual Consultants method set out in the Consultant Guidelines.
Interested consultants may obtain further information at the address below from 9:00 AM- 5:00 PM in all working days. Expressions of interest must be delivered to the address below on or before April 15, 2019.
Ministry of Finance (MoF)
Channel One Programs Coordinating Directorate (COPCD)
Sidist Kilo, Yekatit 12 Square, King George Avenue
MoFEC Building, 6th Floor, Room No. 621
Telephone number: +251-111-57-05-94/91, Postal Address-1905
E-mail address: copcuproc@gmail.com
Addis Ababa
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