Engagement of an External Audit Firm for the Nigerian For Women Scale-up Program in Jigawa State — CQS

Titre original : Proposed Engagement of External Audit Firm to provide external Audit service to the Jigawa State Nigerian For Women Scale-up program for 2024 -2025 financial year

Deadline

May 18, 2026

Closed

Published on May 16, 2026 at 12:00 AMModified on June 12, 2026 at 10:40 AM

Key information

Type: Audit & Finance
Deadline: May 18, 2026 at 12:00 AMClosed
Estimated Value: Not disclosed
Language of Notice: English

Description

REQUEST FOR EXPRESSIONS OF INTEREST

CONSULTANT’S QUALIFICATIONS BASED SELECTION (CQS)

Name of Project	Nigeria For Women Program Scale Up-Project (NFPW-SU)	Loan No/Credit No/ Grand Number
Project ID.: P179447	Assignment Title	Proposed Engagement of an External Audit Firm to provide external Audit Services to the Jigawa State Nigerian For Women Scale-up program for the 2024 -2025 financial year
Procurement Plan Ref Number	NG-JIGAWA NFWP-SU-538153-CS-CQS /	Country of Delivery
Jigawa State, Nigeria.The Nigeria for Women Project (NFWP) is a flagship initiative of the Federal Government of Nigeria, supported by the World Bank, aimed at enhancing the livelihoods, social inclusion, and economic empowerment of women nationwide. The project acknowledges that gender equality and women's economic empowerment are critical to achieving sustainable development.As part of the Scale-Up Phase (NFWP-SU), Jigawa State has received credit financing from the International Development Association (IDA) to support project implementation across the state. A portion of this credit will be utilised to engage the services of an external audit firm to provide audit services for the 2024–2025 fiscal year.The detailed Terms of Reference (TOR) for the assignment are attached to this REOI.In view of the above, the Jigawa State (NFWP-SU), Project Coordinating Unit (SPCU), hereby invites eligible consulting firms (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the above-stated Services.The attention of interested Consultants is drawn to paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers (Seventh Edition- September 2025)(“the Regulations”), setting forth the World Bank’s policy on conflict of interest.The best-qualified firm to carry out the Services will be selected in accordance with the Consultant’s Qualifications-Based Selection (CQS) method set out in the Regulations and based on the following criterion: Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. The shortlisting criteria are: (a) core business and years in business, (b) relevant experience, and (c) technical and managerial capability of the firm. Key Experts will not be evaluated at the shortlisting stage.Further information can be obtained at the address below during office hours, 9 am to 5 pm, Monday to Friday.Expressions of interest must be submitted in writing to the address below (in person, by mail, by fax, or by e-mail) by Monday, 18th May 2026.The Project Coordinator (Jigawa State, NFWP)Attn: Yusuf Yunusa Abba,Procurement officer,Jigawa State, State Project Coordination Unit (SPCU)Nigerian For Women Scale-Up Program (NFWP-SU)Email: [email protected]No 1 Asokoro G.R.A. Quarters, Dutse, Jigawa State.Attachment: Terms of Reference (TOR)TERMS OF REFERENCE FOR ENGAGEMENT OF EXTERNAL AUDITOF WORLD BANK FINANCED PROJECTS.NIGERIAN FOR WOMEN PROJECT – SCAHLE-UP PROGRAM(NFWP-S-Up)• BACKGROUNDThe Nigeria for Women Project (NFWP) is a flagship initiative of the Federal Government of Nigeria, supported by the World Bank, aimed at enhancing the livelihoods, social inclusion, and economic empowerment of women across the country. The project acknowledges that gender equality and women's economic empowerment are critical to achieving sustainable development.• OBJECTIVE OF THE PROJECT AUDITThe objective of the audit of the Project. The Nigeria for Women Project (NFWP-S-Up) is to enable the auditor to express a professional opinion(s) on the financial position of the project at the end of each fiscal year, and on funds received and expenditures incurred for the relevant accounting period.The project books of accounts provide the basis for preparation of the PFSs by the project implementing agency and are established to reflect the financial transactions in respect of the project. The implementing agency maintains adequate internal controls and supporting documentation for transactions.• PREPARATION OF ANNUAL FINANCIAL STATEMENTSThe responsibility for the preparation of financial statements, including adequate disclosure, is that of the implementing agency. The agency is also responsible for the selection and application of accounting policies. The agency would prepare the PFSs in accordance with International Standards on Auditing (ISA).The auditor is responsible for forming and expressing opinions on the financial statements. The auditor would carry out the audit of the project in accordance with the International Standards on Auditing (ISA), as promulgated by the International Federation of Accountants (IFAC). As part of the audit process, the auditor may request from the implementing agency written confirmation concerning representations made in connection with the audit4. SCOPE OF THE AUDITAs stated above, the audit of the project will be carried out in accordance with International Standards on Auditing (ISA) promulgated by the International Federation of Accountants (IFAC) and will include such tests and auditing procedures as the auditor will consider necessary under the circumstances. Special attention should be paid by the auditor as to whether the:• World Bank financing (and all external financing where the World Bank is not the only financier) has been used in accordance with the conditions of the relevant financing agreement, with due attention to economy and efficiency, and only for the purposes for which the financing was provided.(b) Counterpart funds have been provided and used in accordance with the relevant financing agreements, with due attention to economy and efficiency, and only for the purposes for which they were provided;(c) Goods, works, and services financed have been procured in accordance with the relevant financing agreements, including specific provisions of the World Bank Procurement Policies and Procedures[1];;(d) All necessary supporting documents, records, and accounts have been maintained in respect of all project activities, including expenditures reported using Statements of Expenditure (SOE) or Interim Unaudited Financial Statements (IFS) methods of reporting. The auditor is expected to verify that the respective reports issued during the period were in agreement with the underlying books of account.• Designated Accounts (if used) have been maintained in accordance with the provisions of the relevant financing agreements, and funds disbursed out of the Accounts were used only for the purpose intended in the financing agreement;• National laws and regulations have been complied with, and the financial and accounting procedures approved for the project (e.g. operational manual, financial procedures manual, etc.) were followed and used;• (g) The project's financial performance is satisfactory.• Assets procured from project funds exist and there is verifiable ownership by the implementing agency or beneficiaries in line with the financing agreement.• Ineligible expenditures included in withdrawal applications are identified and reimbursed to the Designated Accounts. These should be separately noted in the audit report.In complying with International Standards on Auditing, the auditor is expected to pay particular attention to the following matters:• Fraud and Corruption: Consider the risks of material misstatements in the financial statements due to fraud as required by ISA 240: The Auditor’s Responsibility to Consider Fraud in an Audit of Financial Statements. The auditor is required to identify and assess these risks (of material misstatement of the financial statements) due to fraud, obtain sufficient appropriate audit evidence about the assessed risks, and respond appropriately to identified or suspected fraud.• Laws and Regulations: In designing and performing audit procedures, evaluating and reporting the results, consider that noncompliance by the implementing agency with laws and regulations may materially affect the financial statements as required by ISA 250: Consideration of Laws and Regulations in an Audit of Financial Statements;• Governance: Communicate audit matters of governance interest arising from the audit of financial statements with those charged with governance of an entity as required by International Standards on Auditing 260: Communication of Audit Matters with those Charged with Governance.• Risks: To reduce audit risk to an acceptable low level, determine the overall responses to assessed risks at the financial statement level, and design and perform further audit procedures to respond to assessed risks at the assertion level as required by Internal Standard on Auditing 330: The Auditor’s Procedures in Response to Assessed Risks.5. PROJECT FINANCIAL STATEMENTS (PFSs)The auditor should verify that the project PFSs have been prepared in accordance with the agreed accounting standards (see paragraph 3 above) and give a true and fair view of the financial position of the project at the relevant date and of resources and expenditures for the financial year ended on that dateThe Project Financial Statements (PFSs) should include:(a) A statement of funds received, showing funds from the World Bank, project funds from other donors, and counterpart funds separately, and of expenditures incurred;(b) A summary of the activity in the Designated Account;(b) A Balance Sheet (if deemed necessary);• A Summary of the principal accounting policies that have been adopted, and other explanatory notes;• A list of material assets acquired or procured to date with project fundsAs an Annex to the PFSs, the auditor should prepare a reconciliation of the amounts as “re

Tender Timeline

Publication
May 16, 2026
Bid Submission Deadline
May 18, 2026
Evaluation & Award
Pending
Contract Signature
Pending

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