Consultancy Services for Internal Audit Regulatory Framework Development — The Gambia Fiscal Management Development Project

REQUEST FOR EXPRESSIONS OF INTEREST Name of Project: The Gambia Fiscal Management Development Project (P166695) Grant No.: IDA-D6190 Assignment Title: Recruitment of Consultant to provide Technical Assistance for the Establishment of a Quality Assurance Unit and Review – Update the Regulatory Framework of the Directorate of Internal Audit Reference No. GM-PPPPE-264689-CS-CQS The DIA is mandated by the PFA 2014 and the FR 2016 to provide independent, objective assurance and consulting activity that is design to add value and improves organization’s operations in all MDAs.

The DIA helps management achieved their objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, internal controls and governance processes. The scope of work of the internal audit function is to determine whether GOTG's network of risk management, control, and governance processes (as designed and operated by management) are adequate and functioning. In line with this mandate, DIA wish to recruit a consultant as part of its commitment to the National Development Plan 2018 -2021, and strengthening auditing and accountability within MDAs by clarifying the authority and responsibility of DIA, the Audit Committee, and the Internal Audit staff and by enhancing the Internal Audit function within the PFM system.

Objectives The objectives of the assignment includes: To continue providing assurance and advisory services that improves internal controls, governance processes and risk management processes in MDAs, The DIA wishes to sought expertise of a Technical Assistant to help establish a Quality Assurance and Improvement Program and to develop and update its regulatory frameworks. The documents are envisaged to support the DIA’s transition to full risk-based auditing with mentoring and fieldwork experience to support application of risk-based audit techniques to PFM audits such as procurement systems, to in depth training in fraud investigation, writing risk-based audit reports, risk-based auditing of key PFM systems, especially audit of procurement in donor funded projects and grants, using computer assisted audit techniques and software, and conducting IT audits.

Scope of Services In line with guidance of the International Professional Practice Framework (IPPF) and close partnership with the Directorate of Internal Audit (DIA), the consultant will coordinate the QAIP and review and revised/developed existing internal audit regulatory frameworks including: • Internal Audit Charter – the Consultant shall review and update the Internal Audit Charter • Internal Audit Committee Charter – the consultant shall review and update the Internal Audit Committee Charter • Internal Audit Manuals – the consultant shall review and revised/developed the Internal Audit Manuals • Review and update the medium term Internal Audit Risk Based Audit Plan • Reviewing and updating the DIA strategic plan • Developing Quality Assurance policy and procedural manual using IIA guidelines • Developing DIA code of conduct • Developing ERM strategy and policy framework • Developing other important cooperate documents • Coordinating and facilitate the establishment of a Quality assurance unit The Ministry of Finance and Economic Affairs (MoFEA) through the Gambia Fiscal Management Development Project, now invites eligible consulting firms to indicate their interest in providing the Services.

Interested Consultant firms should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. The shortlisting criteria are: FIRM QUALIFICATION AND EXPERIENCE The consultant firm must meet the following qualification and experience: • • • • Masters in auditing or Masters in Financial Management, Masters in Financial Accounting, M. Com, MA.

Accounting or Related field • Certified Internal Auditor (CIA), or its equivalent ACCA, CPA, CISA, CFA • Previous experience in developing internal audit regulatory framework in line with the IPPF. • Minimum of 10 years post qualification experience in governance and financial management in Public Enterprises • Knowledge of Enterprise Risk Management would be an added advantage • Excellent English Writing Skills. The firm shall provide abridged CV(s) (of no more than three pages of A4 size for each individual) in respect of key personnel who would be expected to provide the services on behalf of the firm.

At a minimum, the resumes of key personnel should include the following: name, education, training, technical experience, functional experience, specific dates and names of employers, relevant and related experience, past and present projects with dates and responsibilities and any applicable certifications. The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July dated July 2016 and revised November 2017 and August 2018 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.

Consultants may associate with other firms in the form of a joint venture or a sub consultancy to enhance their qualifications. A Consultant will be selected in accordance with the Consultant Qualification Selection (CQS) method set out in the Consultant Guidelines. Further information can be obtained at the address below during office hours from 09:00 to 16:00.

Expressions of interest should be delivered in a written form to the address below (in person, or by mail) by close of business 27 January 2022 at 12h30 GMT Gambia Fiscal Management Development Project GFMDP Ashobee Store Building 2nd Floor, Banjul The Gambia Email: sossehkumera@yahoo.com, and yirambagassama@gmail.com