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Terms of Reference (TOR) for Programme and Financial Review of project “WASH for health and dignity of waste pickers” supported by H&M Foundation ABOUT ORGANISATION WaterAid India is registered as Jal Seva Charitable Foundation-a company incorporated under section 25 of the Companies Act, 1956 (Section 8 under the Companies Act, 2013) with CIN U85100DL2010NPL200169, having its registered office at Ground Floor, 004 and 005A, NSIC Business Park, Okhla Industrial Estate, New Delhi-110 020. The Membership and License Agreement signed between WaterAid International (WAI) and Jal Seva Charitable Foundation accords all the necessary rights to Jal Seva to use the WaterAid Brands and its name in India. As a result, Jal Seva Charitable Foundation has been referred to as WaterAid India. ABOUT PROJECT Projectdescription Project titles WASH for health and dignity of waste pickers Project no. 2019-0007 Implementing partner Jal Seva Charitable Foundation (JSCF; WaterAid India) Overall overview Reduction in prevalence of morbidities related to unsafe drinking water and poor sanitation amongst waste pickers’ families and their communities in Bangalore. Project Goal 5,000 Waste pickers, their families and their communities have access to safe drinking water and improved sanitation in Bangalore Project period 20 December 2019 to 28 Feb 2024 Project locations Bangalore Urban Grant Amount SEK 6,700,000 equivalent to INR 5,28,59,872/- OBJECTIVES The aim and objective of the assignment is to audit the grant Supported by H&M Foundation, Sweden. for Bangalore location as project titled “WASH for health and dignity of waste pickers”. Further, the purpose of the assignment is to have a fair and independent view of the audit firm chosen to carry out the Programme & financial review of the grant received by JSCF, to deliver on the outcomes referred to as above. To achieve this the auditors will be given full access to all documents / records (relevant to this audit) maintained at JSCF and at implementing partner organizations’ offices. SCOPE OF WORK The audit shall be conducted by an external, independent and qualified auditor certified by the International Federation of Accountants, IFAC. The auditor shall audit the projects in accordance with (International Standards on Auditing) ISA 800 “Special Considerations-Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks” and/or ISA 805 “Special considerations-Audits of single financial statements and specific elements, accounts or items of a financial statement”. WaterAid India is responsible for achieving the Project outcomes. Broad scope of work for the assignment is outlined as under: The auditor shall also, attached to the Independent Auditor’s report, submit a Report of Factual Findings according to ISRS 4400. The Report of Factual Findings shall include factual findings for each of the following procedures. Examine if the project has been carried out according to the agreement. If applicable, examine if an audit according to the agreement has been performed in all cases where funds have been transferred to another implementing party. Highlight significant findings from the report done by the local auditor. If there are no significant findings, please state this. Examine if the funds have been transferred through a bank account to any other implementing party. Examine if the organisation has procurement regulations which have been followed. Examine if the organisation has an internal control system in place that is sufficient for the carrying out and reporting of the project, in accordance with the agreement. Examine if the organization has sufficient internal control systems in place relating to fraud and corruption. Detailed review to include the following: Verify if the grant funds (receipts) and the costs financed out of this Grant are recorded, classified in a transparent manner and are charged to appropriate and approved budget lines. Also verify and comment if the books of accounts that is ledger and journal system maintained by JSCF meets the generally accepted accounting practices/standards. Verify if financial reports follow the prescribed format and reconciles with books of account; To confirm/certify that the financial report shows only the expenditures of the sub-grant funds and any income earned out of these funds. To express an opinion on the financial statement/reports provided for auditors’ verification. To verify if the expenditures have been incurred as per the terms of the grant and in compliance with policies of the organization responsible for implementation of the project; To verify the expenditure recorded / reported on a sample basis ensuring that expenditures are verifiable, reasonable and are inc |