Call for Tender – Call for Auditors

Call for Tender Deadline: March 6, 2026 at 5 p.m. 

                                TERMS OF REFERENCE EXTERNAL AUDIT SERVICE 

Scope of Work: 
TEACH FOR LEBANON(NGO) seeks to engage an accounting firm to prepare its statutory- 
basis financial statements for the financial period of 1st January 2025 to 31st December 
2025 based on its financial records. 
Audit Objectives: 
1. The audit will be carried out in accordance with the International Standards on 
Auditing. 
2. To review the effectiveness of risk management systems and processes. 
3. To evaluate the effectiveness of financial, management & governance, 
programmatic and administrative systems & structures of the organization and 
follow up on outstanding recommendations from previous audits and other 
financial reviews. 
4. Obtain sufficient audit evidence to substantiate in all material respects the 
accuracy of the information contained in the financial statements. 
5. Obtain an understanding of internal controls and perform tests of internal 
controls. 
6. Issue an independent Auditor’s Report that states but not limited to the following: 
a) An Opinion (or disclaimer of opinion) as to whether the Financial 
Statements present fairly in all material respects in conformity with the 
Generally Accepted Accounting Principles 
b) A report on internal controls which shall describe the scope of testing of 
internal controls and the results of the tests. 
c) A schedule of findings and questioned costs that includes a summary of the 
auditor’s results. 
7. Perform a high-quality audit perceived as such by the client. 
8. Arrive to a qualified audit opinion on the financial statements. 
9. Identify all material audit risks as early as possible and, if possible, ensure 
resolution of these prior to year-end. 
10. Indicate areas where risk is found to generate a more complete picture of financial 
responsibility. 
11. Bring all material issues within the accounting and internal control system of Teach 
for Lebanon to the attention of management at an early stage together with our 
recommendations for improvement, in a standard presentation. 
12. All the issues should be identified and discussed during the audit process. 

Special attention should be paid by the auditor as to whether: 
1. Funds have been used in accordance with the conditions of funding agreements, 
with due attention to efficiency and economy, and only for the purposes for which 
funding was provided. 
2. Goods and services have been procured in accordance with the relevant 
procedures. 
3. All necessary supporting documents, records and accounts have been kept in 
respect of the project with clear linkages to the activity reports presented to 
donors. 
4. The financial statements have been prepared in accordance with Teach for 
Lebanon applicable accounting policies or in accordance with International 
Financial Reporting Standards (IFRS). 
5. Auditor opinion should be according to International Standards on Auditing. 
6. The auditor should plan the audit so that there is a reasonable expectation of 
detecting material misstatements in the accounts resulting from fraud, error or 
non-compliance with laws and regulations as may be necessary. If the auditor’s 
suspicions are aroused, s/he must inquire into all the circumstances until 
satisfied. If material irregularities are discovered, they must be reported to the 
Executive Director immediately. 
Deliverables: 
The firm/individual auditor shall provide deliverables consisting of an electronic (PDF 
format) copy and 2 printed and stamped copies of the financial statements in English and 
Arabic languages. Statement preparation, editing, and printing shall be the responsibility 
of the firm. Statements will include: 
1. Financial Report Statement (Income and statement of financial position) 
2. Cash Flow Statement 
3. Statement of Changes in Net assets/ account 
4. Management Report Letter 
Audit Timeline: 
The audit is scheduled to begin in April 2026 covering the financial period 1st January 2025 
to 31st December 2025. The draft Audit Reports should be submitted by 20th April 2026 
while the Signed Audit Reports should be submitted by 24th April 2026. 
Recruitment Requirements: 
To apply, interested candidates (individuals, firms, or teams) are requested to submit the 
following documents by March 6, 2026 
1. A technical proposal inclusive of the following: 
○ Years of experience in auditing of Non-Governmental Organizations (NGOs) 
○ Company profile including various donor funded projects that the audit firm 
has audited. 
○ Proposed team composition, qualification, and experience (be sure to 
include the number of staff that will be assigned to the audit). 
○ Number of days proposed for the audit exercise. 
2. At least two Reference Letters from other NGOs that the audit firm/team has 
audited. 
3. Up to date company registration and tax filing. 
4. CV of proposed Audit lead/focal point. 
5. Financial proposal. 
6. We kindly ask you to provide two separate quotation options as follows: 
Quotation 1: Covering the audit services based on the specified criteria only. 
Quotation 2: Covering the above scope plus taxation and NSSF supervision (full 
financial audit). 
Please make sure that the proposal includes:

- Official offers in the proper header and footer format

- Mention the contact information of your company

- MOF and TX ID numbers of your company

- Offer validity time