Financial Auditing Services

Request For Proposal (RFP) For Financial Audit Services
Procurement Process: RFP
Office: UELDP – PCO
Deadline: 30-Oct-18
Posted on: 08-Oct-18
Procurement Area: Consultancy Services
Reference Number: 7/2018


The Upper Egypt Local Development Program for Results (Program) Program is financed by the World Bank through a Program for Results (PforR) totaling USD 500 M and is to be completed by December 31, 2021, and a matching fund from the Egyptian government within the same timeframe.
The objective of the Program is to improve the business environment for private sector development and strengthen local government capacity for quality infrastructure and service delivery in select governorates in Upper Egypt. The Program aims to: improve the business environment and economic competitiveness, as well as close the persisting gaps in access to and quality of infrastructure and services. The primary beneficiaries of this Program are the governorates of Qena and Sohag in Upper Egypt.
The Program is implemented based on the Legal Agreement signed by the World Bank and the Government of Egypt (GoE) on October 6, 2016. The first tranche of the loan was transferred to Government of Egypt was on 9 June 2017.

Solicitation for Proposals:

The Program intends to apply part of the proceeds for procuring services of “Financial Auditor”.

The primary objective of the audit engagement is to conduct an audit in line with International Standards on Auditing and express a professional opinion as to whether, in the auditor’s opinion, (i) the Program financial statement as of [30/06/20XX] are prepared in all material respects in conformity with International Public Sector Accounting Standards (IPSAS) – Cash Basis. (ii) The Program books of accounts provide the basis for preparation of the Program financial statements and are established to reflect the financial transactions in respect of the Program. (iii) the Program Implementing Entity maintains adequate internal controls and supporting documentation for transactions. (iv) The Program expenditures conform in all material respects with the associated provisions of the Loan/Grant Agreement.

The UELDP Program Coordination Office (PCO) seeks proposals from qualified audit firms.

Terms of References (ToRs) for the assignment is included in document number 1 above.

RFP has been issued to a short list of qualified firms. An audit firm will be finally selected in accordance with the procedures set out in the guidelines of the UELDP Procurement Manual agreed upon between the Government of Egypt and the World Bank using Least Cost selection method.

Written technical and financial Proposals” must be delivered to the address below by 30 October, 2018, 12:00 noon, Cairo local time: at the following address:

Program Coordination Office (PCO)

Upper Egypt Local Development Program (UELDP)

Ministry of Local Development

4 Nadi El-Said Street,Dokki, Giza, Egypt

Attn.: Program Director