Financial Audit Services for Fiscal Years 2025-2027 — National Youth Institute of Mozambique

Republic of Mozambique

Ministry of Youth and Sports

National Youth Institute

Project Implementation Unit

REQUEST FOR EXPRESSIONS OF INTEREST

Grant No IDA E212

Assignment Title: Financial Audit Services for the Fiscal Years 2025–2027

Activity No. MZ-MJD- 531056-CS-QCBS

The Government of Mozambique (GoM), as the recipient of World Bank financing, is committed in the implementation of Bank-financed projects, including the responsibilities for maintaining financial management arrangements that are acceptable to the Bank and , as part of the overall arrangements in place for implementing the Project, provide reasonable assurance that the proceeds of the Bank Credits and Grants are used for the purposes for which they are granted.

The World Bank policies require borrowers to have Bank-financed projects' financial statements audited by independent auditors acceptable to the Bank, and to submit the audited financial statements generally within six (6) months after the end of the fiscal year.

Mozambique began discussions with the World Bank and IMF in 1984, at a time when the country was emerging from a protracted civil war and facing severe economic challenges. The World Bank's first assistance program was approved in 1984, focusing on post-war reconstruction, rehabilitation, structural adjustment, and economic sector development. Currently, the portfolio comprises 33 active projects and 7 regional projects where Mozambique is a participating country, with a total commitment of US$5.08 billion.

The GoM is launching an international competitiveness selection of a private audit firms to audit 7 Bank-financed projects implemented in Mozambique, the contracts will cover FY 2025, 2026, and 2027, with a provision allowing the borrower to cancel the contract in the event of poor performance.

The audits approach and methodology should include, at least the following:

• Review of project financial statements, supporting documents, and records.

• Testing of transactions and balances on a sample basis.

• Site visits for physical verification of assets and civil works.

• Interviews with project staff and management.

• Assessment of internal controls and risk management systems.

• Review of compliance with procurement and disbursement procedures

The detailed Terms of Reference (TOR) for the assignment and further information can be obtained via email at the following address: [email protected]

The Ministry of Youth & Sports now invites eligible Auditing 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 Services.

The Eligibility criteria are:

• The audit firm must be independent of the project and its management

• The audit team should possess relevant qualifications and experience in auditing World Bank-financed projects and public sector entities.

• Ability to communicate fluently, in writing and orally, in Portuguese is must for the audit team.

• The audit firm should be registered with the regulatory authority of auditors in their respective countries.

• The audit firm should have demonstrated experience of similar assignments.

• The auditor engagement partner should hold a professional accountant (CPA, CA, ACCA, DEC or equivalent membership of an internationally recognized professional accountancy body) with a Master’s degree in accounting, public financial management, finance, or other related field, with at least 15 years of relevant experience.

• The audit manager should also hold a professional accountant (CPA, CA, ACCA, DEC or equivalent membership of an internationally recognized professional accountancy body) with a Master’s degree in accounting, public financial management, finance, or other related field, with at least 7 years of relevant experience.

Key Experts will not be evaluated at the shortlisting stage.

The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, 3.17 and 3.20 of the World Bank’s “Procurement Regulations for IPF Borrowers” September 2023 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.

Consultants may associate with other firms to enhance their qualifications, but should indicate clearly whether the association is in the form of a joint venture and/or a sub-consultancy. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected.

A Consultant will be selected in accordance with the Quality and Cost Based Selection (QCBS) method set out in the Procurement Regulations.

Expressions of Interest must be submitted at the address below (in person, or by mail, or by email) before 15h30 (local time) on the March 3, 2026 with the following description: Financial Audit Services for the Fiscal Years 2025–2027

Entity: Ministry of Youth and Sports

National Youth Institute

Project Management Unit, G/F - Left

Address: Av. 10 de Novembro nº 74, Praceta 1196

Place: Maputo City

E-mail: [email protected]