Posted 22 February 2022
Building Capacity to Advance National Adaptation Plan Process in Mongolia (also known as NAP Mongolia Project)
Financial Audit for NAP Mongolia Project
Expenditures for the period: 1st January 2021 to 31 December 2021
2 March 2022
Type of contract:
Audit Service Contract
Expected starting date:
9 March, 2022
Expected delivery date for Audit report:
18 April, 2022
Expected validity of assignment contract:
The assignment contract could be extended for more than one year based on satisfactory results.
Mongolia has accessed support under the GCF readiness and preparatory support, and activities are focusing on Establishing and strengthening the National Designated Authority (NDAs) or Focal Point. The project is expected to achieve the following outcomes:
Outcomes of the project. This project will identify and use multiple ways to integrate climate change adaptation (CCA) options into new and existing national policies, strategies, plans and programs of the key climate-sensitive and economic development sectors and institutionalize CCA as a 'development strategy for Mongolia. Expected outcomes from this project are as follows:
- Capacity of multi-stakeholders to formulate the NAP and implement NAP-priority adaptation actions, along with the capacity to monitor and review the NAP process, at national, aimag and sum levels is enhanced.
- System for developing, upgrading, and sharing information to advance the NAP process strengthened.
- Government of Mongolia is able to establish a funding strategy for NAP including financing for medium and long-term CCA investment
- Key actors and stakeholders are capable of reviewing, monitoring, and communicating results of the NAP process in Mongolia.
Subject of the Engagement
The subject is limited to financial reports strictly in connection to CGF funds received and executed by MET for the period 01 January 2021 to 31 December 2021 as per the Project Cooperation Agreement (PCA) between the MET and UNEP dated 14 February 2019. The information (financial and non-financial) that is subject to verification by the auditors and allows the auditor to check that; GCF funds were covered by the scope of the audit; Proper books of accounts have been maintained; All project expenditures are supported by vouchers and adequate documentation; Expenditures have been incurred in accordance with the objectives outlined in the project document and contracts issued in line with procurement rules and regulations of the GCF; The expenditure reports provide a true and fair view of the financial condition and performance of the project. There are internal controls in place.
The audit firm shall submit to the MET-NAP Mongolia project, the audited financial statements in English language, management letter with factual audit findings and recommendations including the opinion.
Scope of Work
The Auditor shall undertake this engagement in accordance with these ToRs and in compliance with the Code of Ethics for Professional Accountants issued by the IFAC. Link: http://ifac.org/
Required expertise and qualification
- The Audit Firm must be registered in Mongolia and should be authorized to practice external audits in Mongolia.
- The Audit Firm must be run by Certified Accountants i.e (CPA, ACCA or their equivalents).
- The Audit Firm should, at least, have 3 years’ previous experience in auditing United Nations’ Agencies or World Bank-supported projects.
- Proficient English to report to UNEP.
Audit Firm Profile & Experience of Auditing United Nations Agencies Projects
The Audit Firm must provide a profile of the entities it has previously audited including a list of UN-funded projects and the qualifications of staff who will participate in auditing this project.
Qualified and interested Audit Firms are hereby requested to apply. The application should contain the following:
- A notarized evidence of the Audit Firm registration in Mongolia and its authorization to practice external audits in Mongolia;
- A notarized evidence of the Audit Firm is run by Certified Accountants;
- A brief technical proposal (max. 7 pages) outlining how the expert intends to undertake the work in order to achieve the objectives as stated in the TOR; the technical proposal should at least outline the proposed methodology, tools, work plan including the timeframe for submitting the deliverables of the assignment;
- The Audit Manager / Chair Person’s and Personnel CV (max. 2 pages) of the expert indicating his/her education background, professional qualifications, all past experience on auditing similar projects, as well as the contact details including certified copies of diploma and certificates (incl English language proficiency evidence);
- A Financial Offer that indicates the all-inclusive fixed total contract price including professional fees, taxes, and any other associated costs.
Applications must be in English and submitted in a single sealed envelope containing two separate sealed envelopes: One sealed envelope with the Firm’s profile, Technical proposal, and The Audit Manager / Chair Person’s Personal and Personnel CV; One sealed envelope containing the financial offer.
In addition, the single sealed envelope, contained to two sealed envelopes, should be clearly marked-up on top “Application for the Audit Services for NAP Mongolia Project” and submitted to the following address:
(NAP Mongolia project)
Mardag center 303,
Sukhbaatar District, Oyutnii gudamj
Climate Change research and co-operation center CCRCC SOE