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BACKGROUND
The African Capacity Building Foundation (ACBF) was established in 1991 by African countries with the support of their bilateral and multilateral partners to provide capacity for sustainable development. Its vision is to see African individuals and institutions having the capacity to govern efficiently, anticipate and respond to challenges, and deliver effective services for all citizens.
ORGANIZATIONAL SETUP
The Foundation has a three tier Governance structure composed of Board of Governors (BOG), Executive Board (EB) and the Secretariat that is headed by the Executive Secretary. Under the direction of the Executive Board, the Executive Secretary conducts the day-to-day business of the Foundation and manages operations and activities in accordance with the ACBF Constitution.
Pursuant to Article VIII (8) of ACBF Constitution, the Executive Board (EB) of the African Capacity Building Foundation [“ACBF” or “Foundation”] established the Audit and Risk Committee (ARC) to assist it in fulfilling its governance and oversight responsibilities.
The principal purpose of the ARC is to assist the EB by providing the Board and Management with independent advice and guidance on governance structure, internal control framework and systems, internal and external audit functions, risk management, ACBF code of conduct, and investigation function.
THE HIRING DEPARTMENT
Internal Audit Department (IAD) provides independent, objective assurance and consulting services designed to add value and improve the Foundation’s operations. It also assists the Foundation to accomplish its strategic objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, internal controls, and governance processes. IAD is responsible for planning, organizing, directing and controlling a broad, comprehensive program of auditing and consulting/advisory services both internally and externally including, without limitation, all projects and programs at the Foundation. The Department reports functionally to ARC and administratively to Executive Secretary and is headed by Head Internal Audit Department.
Each year of operation, the department prepares a Risk Based Audit Program that is approved by ARC and guides the implementation of its activities. Activity Progress Reports are prepared and reported to ARC as well as Management for decision making. The department conducts assurance, consultancy/advisory and investigation services at ACBF as well as in sub-awardees guided by the annual Risk Based Audit Program.
OBJECTIVE OF ASSIGNMENT
The main objective of the assignment is to assist The Head IAD in delivering on its Annual Work Programme. The audits will cover a broad range of activities in the corporate (administrative), finance and operational (projects) areas. The Consultant will support the office of Internal Audit (IAD) of ACBF HQ in Harare, Zimbabwe.
SCOPE OF SERVICES
Audit planning will be performed at Headquarters and approved by The Audit and Risk Committee (ARC) of the Executive Board. Audit field work and advisory engagements will be conducted at ACBF offices including Sub-Grantees and/or remotely. Audit work will be performed in accordance with the International Standards for the Professional Practice of Internal Auditing, and the internal audit methodology adopted by IAD. Under the direct supervision and guidance of the Head IAD, the Consultant shall support IAD as follows:
Audit Engagement Planning Phase
- Contribute to the Annual Risk Assessment for the audit of ACBF Business Units and processes as may be assigned.
- Obtain and analyse information on the audited Business Unit or the process areas.
- Develop Risk-Based Audit Plan and Programmes in collaboration with Head IAD.
Audit Engagement Fieldwork Phase
- Build, document, and analyse evidence related to each of the risk areas identified in the planning phase and included within the scope of the audit.
- Document work performed for each of the areas within the audit scope.
- Formulate value added and implementable recommendations addressing the root cause of audit findings.
- Review work-papers for completeness and accuracy.
- Obtain ACBF and Sub-Grantee staff acceptance of audit findings and recommendations.
- Schedule, conduct, and document an exit meeting.
- Prepare and present a draft report summarizing audit findings and recommendations.
Audit engagement reporting phase
- Coordinate the receipt of comments to report findings and recommendations from audit clients.
- Prepare audit reports and submits them for HIAD review.
Advisory Services
- Advisory services will involve a structured examination of processes, policies and guidance, programmatic assessment, special audits, or other areas as maybe assigned.
- Advisory and consultative services will take the form of preventative and supportive analysis and/or reviews.
DELIVERABLES
In addition to the above, the deliverables expected from the Consultant will include but not limited to the following: (a) Delivery of planning documents (e.g. Business process flow, Risk Control Matrix, audit programme and Audit Planning Memorandum in a timely manner and expected quality), (b) Preparation of audit reports in accordance with internal audit standards, and (c) Documentation of audit work papers as directed by HIAD.
ACCOUNTABILITY & REPORTING
The Consultant will be based in Harare and will report to HIAD.
DURATION
The assignment shall preferably start on 1st March 2023 for a period of ten (10) months to end of December 2023.
ELIGIBILITY
- First university degree in accounting, auditing, business administration, commerce, or related field.
- Professional accounting, auditing, or related designation (CA/ CPA / CISA/CIA/CISSP or CISM). Additional certifications would be considered an asset.
EXPERIENCE
- At least 5 years previous internal audit and/or other directly relevant experience, preferably at internal audit functions of an International Organization.
- Knowledge of internal auditing standards and practices, audit, tools and techniques such as CAAT, financial and internal controls.
- Functional skill set such as data analytics, research skills, judgement and conceptual thinking are desirable.
- Experience in auditing in an ERP system environment.
- Fluency in English with proven ability to express himself/herself well verbally and in writing. Fluency in French will be an asset.
FUNCTIONAL COMPETENCIES
- Integrity and objectivity.
- Judgment and conceptual thinking: ability to identify key audit issues, present sensitive and difficult audit findings, and recommendations to management.
- Creativity, innovation, and initiative.
- Analytical skills.
- Ability to communicate effectively (written and oral) in English or French, preferably with a working knowledge of the other.
- Tactful and balanced approach in dealing with audit matters.
- Excellent interpersonal skills within a range of professional contexts.
- Results orientated and client focus; and
- Ability to deal with sensitive issues in a multi-cultural environment and to build effective working relations with colleagues.
- Demonstrated ability to meet deadlines while ensuring quality and exceeding client expectations.
- Competence in the use of standard Microsoft Office Suite applications; knowledge of ERP is an added advantage.
- Collecting and analysing complex data, evaluating information and systems, and drawing logical conclusions.
- Negotiating issues and resolving problems.
- Establishing and maintaining harmonious working relationships to work effectively in a professional team environment.
- Knowledge and skill in applying internal auditing and accounting principles and practices, and management principles and preferred business practices including COSO and COBIT.
- Knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors, and the Standards and Guidelines developed by the Information Systems Audit and Control Association (ISACA).
- Be a national of one of the member countries of ACBF.
REMUNERATION
The remuneration will be an all-inclusive fee to be negotiated prior to contract signature, and in compliance with ACBF’s established Consultant remuneration guideline considering requisite qualifications and experience.
EXPRESSION OF INTEREST SUBMISSION
Kindly submit a Resume and Cover Letter expressing your interest in undertaking the consultancy. Submission should be with subject marked, “Expression of Interest: ACBF/REOI/003/23/NRF – Individual Internal Audit Consultancy Services” on or before
17.00 hours (local Harare time), on Tuesday, 28 February 2023, by email to ProcurementUnit@acbf-pact.org
