DRC Request for Proposal: RFP/LBN/26/02 – Certificate on Financial Statements (CFS) EU/DG ECHO Grant Audit Services

 DRC hereby invites qualified, independent, and LACPA-accredited audit firms to submit proposals for this engagement in accordance with the Terms of Reference (Annex A) enclosed with this RFP.

The purpose of the engagement is to enable the auditor to provide the EU granting authority with findings to be able to assess whether costs that are declared on the basis of actual costs or costs according to usual cost accounting practices (if any) and, if relevant, also revenues comply with the conditions set out in the Grant Agreement, as well as to independently verify that reported project costs are accurate, eligible, and comply with the Grant Agreement.

 Objective :The purpose of this engagement is to produce a Report on Factual Findings based on Agreed-Upon Procedures (AUP) under ISRS 4400 (revised). The practitioner will independently verify that costs declared under the Grant Agreement are eligible and accurate. This is not an audit opinion or assurance engagement. The CFS does not affect the granting authority’s right to carry out its own assessment or audit on the eligibility of costs covered, nor does it preclude the bodies mentioned in Article 25 of the Grant Agreement (e.g. granting authority, European Anti-Fraud Office (OLAF), European Public Prosecutor’s Office (EPPO), European Court of Auditors (ECA)) from exercising their rights under the Grant Agreement.