Audit Firm - Berytech Foundation

1.Objectives of the Audit

The objective of this engagement is to:

• Express an independent professional opinion on the financial statements of Berytech Foundation
• Verify compliance with:
  • International Financial Reporting Standards (IFRS) or applicable local standards
  • Donor contractual requirements
  • Local laws and regulations
• Assess the adequacy of internal controls and financial procedures
• Identify financial risks and provide management recommendations

2. Scope of Work

The selected audit firm will be expected to:

• Audit the financial statements for the fiscal year ending 31/12/2026 including:
  • Statement of Financial Position
  • Statement of Activities / Income & Expenditure
  • Cash Flow Statement
  • Notes to the Financial Statements
• Verify supporting documentation, accounting records, and compliance with donor guidelines
• Evaluate internal control systems and financial procedures
• Issue:
  • Independent Auditor’s Report
  • Management Letter highlighting weaknesses and recommendations

3. Audit Standards

The audit shall be conducted in accordance with:

• International Standards on Auditing (ISA)
• Local statutory requirements

4. Deliverables

The audit firm shall provide:

• Draft audit report for management review
• Final signed audit report
• Management letter

All deliverables must be provided in English

5. Duration & Timeline

• Audit period: Fiscal year ending 31/12/2026
• Audit start date: 2026-2027
• Location: Lebanon

6. Eligibility & Qualifications

Audit firms must:

• Be legally registered and licensed to practice auditing
• Have proven experience auditing NGOs and donor-funded projects
• Demonstrate familiarity with donor regulations (e.g. Dutch, EU, UN,GIZ, Swedish etc.)
• Assign qualified and experienced audit staff
• Ensure independence from Berytech Foudation

7. Proposal Submission Requirements

Proposals must include:

1. Technical Proposal
   • Company profile
   • Relevant experience with NGOs
   • Audit methodology and approach
   • Proposed audit team (CVs)
   • Work plan and timeline
2. Financial Proposal
   • Detailed fee breakdown
   • Taxes and applicable charges clearly stated
   • Validity period of the proposal
3. Legal & Administrative Documents
   • Business registration
   • Audit license
   • References from similar assignments

8. Evaluation Criteria

Proposals will be evaluated based on:

Criteria

Weight

Administrative

10%

Audit methodology & approach

30%

Relevant experience

15%

Team qualifications

15%

Financial proposal

30%