Lutheran World Relief is a US Based not for profit organization working with partners in 50 countries to help people grow food, improve health, strengthen communities, build livelihoods and recover from disasters.
Lutheran World Relief (Indonesia Office) is requesting proposals to perform the annual audit of financial statements and related compliance work for the period of fiscal years 2009 and 2010 (1 October 2008 - 30 September 2009 and 1 October 2009 - 30 September 2010).
Lutheran World Relief - Indonesia
Lutheran World Relief established an office in Medan in 2005 following the Asian tsunami to support its local partners and to respond to disasters in Indonesia. All accounting records are located in the office and are maintained in accounting software – QuickBooks.
Audit Scope
The overall objective of the audit is to ensure that LWR Indonesia is practicing good financial management and in accordance with Generally Accepted Accounting Principles.
The auditor will be expected to conduct an audit in accordance with the International Standards on Auditing.
The scope of the audit will include:
* Review financial data for accuracy and reliability and make sure financial reports are free of material misstatement;
* Review financial statements and make sure they are in accordance with U.S. Generally Accepted Accounting Principles;
* Review procedures and management and examine if these provide adequate internal control;
* During examination of the detail accounting records, make sure there is a system, which allows easy examination and sampling of transactions;
* Examine the effectiveness of systems and procedures in place throughout the audit period, including adequacy in internal controls;
* Review the expenditure (including payroll records) and make sure they are in accordance with local labor law and other applicable laws;
* Identify procurement practices, procedures, documentations, to verify existence, or lack of, of bids, approvals, invoices, receipts, goods received, etc
* Conduct interviews with key individuals involved in the procurement process. This include but is not limited to the interviews with vendors involved, LWR's staff and others involved in the procurement process
Requested Services
The following report will be prepared by the auditors:
* Annual audit report, including management letter for the fiscal year 2009 and 2010
A debriefing meeting with Lutheran World Relief – Indonesia staff no later than two weeks following the completion of the audit.
The Proposal
In responding to this request, the following information shall be submitted:
1. Details of firm's experience in providing auditing services to companies on the not-for-profit sector, especially international organizations.
* Describe how your firm will approach the audit of the organization.
* Describe how and why your firm is different from other firms being considered, and why our selection of your firm as an independent auditor is the best decision.
* Fee and availability to complete the audit services outlined in this request.
* Include estimated on site time required to complete the services.
* Provide a list of 3 references from not-for –profit organizations that your firm has conducted an audit in recent years and are still clients
* Provide names and resumes of key personal that will conduct the audit.
Proposals shall not be more than 3 pages in length (not includes references and resumes) and written in English and shall be submitted no later than 31 March 2011 to Lutheran World Relief's Indonesian Office at Jl. Sei Tuan No. 10, Medan.
Selection Criteria
Lutheran World Relief – Indonesia in consultation with its Head Office will select the audit firm based on a combination of criteria including: evidence of proficiency in the audit of not-for –profits, fees, availability and required time to complete the audit.
The final decision will be made in writing by 15 April 2011 Selected audit firm should commence the audit no later than the week commencing 26 April 2011.
Any further enquiries regarding the Request for Proposal should be directed to Hanna Sembiring in writing only ( hanna_meliala@lwr.or.id .)
Lutheran World Relief (Indonesia Office) is requesting proposals to perform the annual audit of financial statements and related compliance work for the period of fiscal years 2009 and 2010 (1 October 2008 - 30 September 2009 and 1 October 2009 - 30 September 2010).
Lutheran World Relief - Indonesia
Lutheran World Relief established an office in Medan in 2005 following the Asian tsunami to support its local partners and to respond to disasters in Indonesia. All accounting records are located in the office and are maintained in accounting software – QuickBooks.
Audit Scope
The overall objective of the audit is to ensure that LWR Indonesia is practicing good financial management and in accordance with Generally Accepted Accounting Principles.
The auditor will be expected to conduct an audit in accordance with the International Standards on Auditing.
The scope of the audit will include:
* Review financial data for accuracy and reliability and make sure financial reports are free of material misstatement;
* Review financial statements and make sure they are in accordance with U.S. Generally Accepted Accounting Principles;
* Review procedures and management and examine if these provide adequate internal control;
* During examination of the detail accounting records, make sure there is a system, which allows easy examination and sampling of transactions;
* Examine the effectiveness of systems and procedures in place throughout the audit period, including adequacy in internal controls;
* Review the expenditure (including payroll records) and make sure they are in accordance with local labor law and other applicable laws;
* Identify procurement practices, procedures, documentations, to verify existence, or lack of, of bids, approvals, invoices, receipts, goods received, etc
* Conduct interviews with key individuals involved in the procurement process. This include but is not limited to the interviews with vendors involved, LWR's staff and others involved in the procurement process
Requested Services
The following report will be prepared by the auditors:
* Annual audit report, including management letter for the fiscal year 2009 and 2010
A debriefing meeting with Lutheran World Relief – Indonesia staff no later than two weeks following the completion of the audit.
The Proposal
In responding to this request, the following information shall be submitted:
1. Details of firm's experience in providing auditing services to companies on the not-for-profit sector, especially international organizations.
* Describe how your firm will approach the audit of the organization.
* Describe how and why your firm is different from other firms being considered, and why our selection of your firm as an independent auditor is the best decision.
* Fee and availability to complete the audit services outlined in this request.
* Include estimated on site time required to complete the services.
* Provide a list of 3 references from not-for –profit organizations that your firm has conducted an audit in recent years and are still clients
* Provide names and resumes of key personal that will conduct the audit.
Proposals shall not be more than 3 pages in length (not includes references and resumes) and written in English and shall be submitted no later than 31 March 2011 to Lutheran World Relief's Indonesian Office at Jl. Sei Tuan No. 10, Medan.
Selection Criteria
Lutheran World Relief – Indonesia in consultation with its Head Office will select the audit firm based on a combination of criteria including: evidence of proficiency in the audit of not-for –profits, fees, availability and required time to complete the audit.
The final decision will be made in writing by 15 April 2011 Selected audit firm should commence the audit no later than the week commencing 26 April 2011.
Any further enquiries regarding the Request for Proposal should be directed to Hanna Sembiring in writing only ( hanna_meliala@lwr.or.id .)
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