Western Water Supply and Sanitation Company (WWSSC) is a company committed to the management of risks both to ensure good corporate governance so as to protect its employees, customers, contractors, products, environment, trademarks and intellectual property, assets, corporate image and reputation, relationship with government, liabilities and contractual obligations and key business systems.
Western Water Supply and Sanitation Company (WWSSC) board invites bids for expression of interest to conduct an external audit service for the years 2018 to 2022
Reporting currency of the: ZMW
Expression of interest due date and submission manner:
All Expression of interest must be received by email or sealed bids to the address stated below no later than:
17 hours on 31st August,2023
Email address: [email protected]
Subject: Expression of Interest for conduct of external audit.
Instructions to bidders:
Language for EOI: English
All prices should be quoted in Kwacha, VAT exclusive
Bidders should attach the following documents:
Technical Proposal including capacity to conduct audit, relevant and current registration documents.
Cost Proposal including personnel assigned and audit schedule/program.
The audit must be completed, with audit report and management letter fully signed on or before Quarter Two 2024.
Quotations will be rejected under the following:
Failure to meet minimum required specifications
EOI received after closing date
Payment terms: Within 30 Days of successful completion of the audit
Evaluation and award criteria:
Bids shall be evaluated to determine the best value technically accepted delivery requirements:
Compliance with specification/technical requirements
Estimated time of delivery
Best price offered
The board will recommend the appointment of the auditor.
Right to Vary Requirements at Time of Award
The board reserves the right, at the time of making the award, to vary specific requirements as will be determined in the TORs, without any change in price or other terms and conditions of the EOI.
1.0 SCOPE OF WORK
The Auditor will work in accordance with detailed terms of reference (TOR) and specification that have been specified herein.
The scope of the assignment will involve but not limited to the following:
(a) Determine whether or not the financial statements are free of material statements and provide and opinion there of to the shareholders.
(b) Examine evidence supporting the amounts and disclosures in financial statements
(c) Evaluate the overall financial statement presentations
(d) Examine the existence, ownership and valuation of assets and liabilities
(e) Obtain an understanding of accounting and internal control system.
Bids must comprise both Technical and Financial proposals which must be prepared separately and will form part of the evaluations criteria as follows;
(i) Proposed methodology for doing the assignment
(ii) Full details pertaining to key staff for the assignment to include the years they have served the firm participating in tendering for audit services as well as perform audit work.
Bids should state unit costs of each activity as well as the sum of the activities
3.0 EXPERTISE REQUIRED
The Auditor shall possess the following qualifications:
(a) Be an institutional member of Zambia Institute of Certified Accountants (ZICA)
(b) Key personnel for the assignment should possess a minimum qualifications of ACCA or CIMA and must be members of ZICA
(c) Have key personnel with at least ten (10) years post qualifying experience and fellow of the Zica.
(d) Have at least five (5) years’ experience in similar assignments
(e) Certificate member of registration/ incorporation as an Audit firm
The Audit assignment is expected to last 6 Months for the financial year 1st January 2024 to , 30th June,2024.
5.0 EXPECTED OUTPUTS
The expected-out puts will include without limitations to the following:
(a) Report of the Auditor, together with audited financial statements, to be presented to Western Water and Sewerage Company Board.
(b) Internal control report
(c) Any other recommendations that the Auditor may deem necessary.
For more details please contact:
Acting Board Secretary
P.O BOX 910445
To apply for this job email your details to firstname.lastname@example.org
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