Accounting and Auditing / Accounting System Design

One Acre Fund Calls for Audit of the Annual Financial Statements of the Organization


RFQ to Professional Audit Firms for Financial Statement Audit

One Acre Fund – Ethiopia is a registered Charity in Ethiopia based in Bahir Dar. ONE ACRE FUND operates to alleviate hunger and poverty among farmers. It works through and with local governments to increase agricultural productivity, accelerate the availability of improved seed, scale-up widespread agroforestry, and facilitate access to rural products and appropriate mechanized farm tools. Activity type: Audit of Charity financial statements Activity Location: One Acre Fund – Ethiopia, Head Office, Kebele 13, Bahir Dar, Amhara Region

Deadline for Proposal Submission: January 1, 2021

Engagement timeline: Mutually agreed-upon dates in

February-March 2020, with completion by March 23rd

Scope of Engagement

Audit of the annual financial statements of the organization: The External Auditor is responsible for auditing the annual financial statement of the organization, including its accounts in accordance with International Standards on Auditing (ISAs) and in compliance with the local Charities and Societies Agency (ChSA) directives.

The external auditor shall issue their report on the annual financial statements of the organization to OŅE ACRE FUND and to relevant government authorities. The audit shall cover the 12-month period beginning January 1, 2020, and ending on December 31, 2020. The organizational spend in 2020 was roughly ETB 38.5 million, and there were approximately 9,000 double-sided transactions Payments to vendors are organized in a voucher system cross-referenced with the accounting system.

ONE ACRE FUND will appoint the auditor based on the following criteria:

  •  Business license, TIN, and VAT receipt, –
  • Responsiveness in English vía email
  • Legal capacity to perform an audit,
  • Accounting qualification, and
  • ChSA grading,
  • Price of the service,
  • Conversant and experience with IPSAS reporting
  • Deliverable (3) and time schedule
  •  An audit report issued to ChSA;
  • Management report issued to One Acre Fund’s Ethiopia Country Director
  • Works must be completed and submitted by March 23, 2021

Method of Quote Submission

All interested Auditors should express their interest to ONE ACRE FUND by submitting the following documents:

a) A letter describing:

a. The audit firm’s size and years of experience;

b. List of clients for whom auditor has performed similar audits;

c. Confirmation of the firm’s TIN, VAT-registered receipt, legal ability to perform work and ChSA grade;

d. The total audit fee proposed (in Birr); and

e. Basic contact info (office location, phone number, etc.)

b) CV of the accountant to perform this work;

c) Copy of the firm’s business license;

d) Copy of any international qualifications (CPA, ACCA, etc.), if applicable

These documents must be submitted to ONE ACRE

FUND – Ethiopia in English in two ways: Ву email procurement.ethiopia@, and

  • In a sealed envelope delivered to our office next to Tana Flora on the new paved road in Kebele 13, Bahir Dar
  • The closing date for quotes submissions is January 1st. 2021