Background:

The University of Hargeisa (UoH) is the largest public university in Somaliland. The University of Hargeisa is now the biggest and the leading educational higher in Somaliland within ten colleges, two schools and one research.

The University of Hargeisa is looking for a qualified external auditor.

Objective of the Audit:

1.       The objective of the audit of UoH’s financial statements is to enable the auditors to express an independent professional opinion on the financial position of UoH and to ensure that the funds utilized to UOH’s activities have been used for their intended purposes.

2.       The books of accounts of UoH provide the basis for preparation of the UoH’s Financial Statements. Proper books of accounts as required by law have been maintained by UoH and maintain adequate internal controls and supporting documentation for the transactions.

Scope of the Audit:

1.       The audit will be carried out in accordance with the International Auditing Standards and will include tests and verification procedures as the auditors deem necessary.

2.       Verify all funds have been used in accordance with the established rules and regulations of UoH and only for the purposes for which the funds were provided.

3.       Goods, works and services financed have been procured in accordance with the UoH established rules and procedures.

4.       Appropriate supporting documents, records and books of accounts relating to all activities have been kept. Clear linkages should exist between the books of accounts and the financial statements presented.

5.       The financial statements have been prepared by UoH management in accordance with applicable accounting standards and give a true and fair view of the financial position of UoH and its receipts and expenditures for the period ended on that date.

6.       Assess comprehensive the adequacy and effectiveness of the accounting and overall internal control system to monitor expenditures and other financial transactions.

7.       Express an opinion as to the reasonableness of the financial statements in all material respects.

8.       To produce reports on compliance with procedures designed to provide reasonable assurance of detecting misstatements due to errors or fraud that are material in the financial statements.

9.       Conduct entry and exit meeting with the Executive Director of UoH.

10.    In addition to the audit report, the auditors will prepare a Management Letter on the following:

a)       Give comments and observations on the accounting records, procedures, systems and controls that were examined during the course of the audit.

b)      Identify specific deficiencies and areas of weakness in systems and controls and make recommendations for improvement.

c)       Report on the implementation status of recommendations pertaining to previous period audit reports

d)      Communicate matters that have come to their attention during the audit, which might have a significant impact on the sustainability of the organization.

e)      Bring to the Board of Trustees’ attention any other matters that the auditors consider pertinent.

Audit Duration:

The audit work shall be completed within two weeks from the date of commencement of the audit

Deliverables:

1.       The Auditors on completion of the audit work will submit 4 (four) original copies and softcopy of the Audit Report appended to the Financial Statements along with the reports to the attention of the Board of Trustee.

2.       Management letter in accordance with the scope of work described here before.