Vacancy Announcement

External Audit for Nepalese fiscal year

Date of publication

16 July 2026

Mandwi is a not profit-making national NGO working since 2066 BS. It is dedicated to work strategically to contribute to the overall development of disadvantage groups' special focus on women, girl, and another marginalized and disadvantaged groups. Mandwi is undertaking a solicitation of request for proposals from Audit firms who are interested to perform annual statutory audit and tax audit required by Mandwi as set in the scope of work below.

The objective of the audit of the Financial Statements is to enable the auditor to express a professional opinion(s) on the financial position of Mandwi at the end of fiscal year 2081/2082, and on funds received and expenditures incurred for the relevant accounting period.

The books of accounts provide the basis for preparation of the financial statements by Mandwi and are established to reflect the financial transactions. Mandwi maintains adequate internal controls and supporting documentation for transactions.

Statutory audit, also known as external audit or financial audit, is a mandatory examination of a Mandwi’s financial statements and records to ensure their accuracy, compliance with accounting standards, and adherence to relevant laws and regulations. It generally includes the following key aspects:

a. Financial Statements Examination

Reviewing the balance sheet, income statement, cash flow statement, and statement of changes in equity to verify their accuracy and completeness. Ensuring that the financial statements conform to applicable accounting standards or Generally Accepted Accounting Principles (GAAP).

b. Compliance with Laws and Regulations

Verifying that the financial statements comply with relevant statutory and regulatory requirements, such as tax laws, company law, and industry-specific regulations. Ensuring that the financial statements provide a true and fair view of the company's financial position.

c. Internal Controls and Systems

Evaluating the company's internal controls and accounting systems to assess their effectiveness in preventing and detecting fraud, errors, or irregularities. Identifying weaknesses in internal controls and making recommendations for improvements.

Conducting substantive testing procedures, including sample testing of transactions and account balances to detect material misstatements or irregularities. Analyzing supporting documentation, invoices, contracts, and other evidence to support the figures in the financial statements.

After completing the audit procedures, the auditor provides an audit opinion that expresses their professional judgment regarding the fairness of the financial statements. The audit opinion may be unqualified (clean), qualified, adverse, or a disclaimer, depending on the findings of the audit.

f. Communication with Stakeholders / Management/Executive Board

Communicating the audit results and findings to various stakeholders, including shareholders, executive board/Management and or senior staff board of directors, management, and regulatory authorities. Providing recommendations for improvements in financial reporting, internal controls, and compliance.

In some cases, statutory auditors may be required to perform additional procedures or investigations, such as fraud examinations, forensic audits, or special-purpose audits.

It's important to note that the scope of statutory audit may expand or be tailored to address specific risks or concerns unique to the company or industry being audited. The primary objective is to provide an independent and objective assessment of a Mandwi’s financial statements to enhance transparency, accountability, and trust among stakeholders. Additionally, statutory audits serve as a vital tool for ensuring legal and regulatory compliance in the business environment.

4. FINANCIAL STATEMENT (FUND ACCOUNTABILITY STATEMENT)

The following financial statements will be prepared for the Nepali fiscal year 2081/2082. The financial statement shall include:

The Audit Reports shall include a management letter assessing whether Mandwi has complied with all conditions of the existing rules and regulation of Donors, Mandwi as well as the Nepal government rules and regulation. It will contain the following:

Management responses should be obtained from the Administration and Finance department staff and integrated and compiled by the external auditors.

The audit company shall also submit a tax audit report for the submission of the Income Tax Return for the said fiscal year as per the relevant Income Tax Act, Rules and Regulations. The format of the Tax Audit Report shall be as per the prevailing practices.

The audit company shall also perform a labour audit and report for the submission of the said fiscal year as per the relevant Labour Act, Rules and Regulations. The format of the Labour Audit Report shall be as per the prevailing practices.

8. RESPONSIBILITY FOR PREPARATION of Financial statements

Mandwi Administration and Finance department will provide necessary information and will prepare required basic reports which will provide the details of expenses and summary report of total income and expenditure. The audit report will accordingly be prepared by the audit company.

9. PERIOD TO BE COVERED BY FINANCIAL STATEMENTS

Financial Statements will cover the periods of Nepali Fiscal year 2081/2082 starting from 16th July 2024 to 16th July 2025.

For all matters related to this Audit and Audit Report, the Audit Company is responsible to Mandwi and has the responsibility of absolute confidentiality.  All the correspondence regarding the Audit shall be formally recorded and submitted to Mandwi. The assignment described above must be completed within three months of the end of the respective fiscal year and the working schedule and program will be agreed as per Mandwi’s convenience.

The organization shall pay audit fee (lodging fooding, transportation including local travel) as proposed and agreed upon with the audit firm.

12. DOCUMENT TO BE SUBMITTED TO Mandwi – Working experience minimum 3 years.

14. Payment Schedule

Will be as per the contract/agreement.

After evaluation of the proposals by the Procurement Committee, Mandwi will make award to the applicant, whose proposal provides the best value, considering both technical and financial factors.

Audit report template should be as per the annexure mentioned in this TOR.

Annexure

Template for Audit Report

We have audited the accompanying program financial statements of Mandwi, Statement of Financial Position, Statement of Income and Expenditure and Statement of Cash Flow for the year ended and notes to the financial statements, including a summary of significant accounting policies for the period from [Start Date] to [End Date].

In our opinion, {except for the effects of the matter described in the Basis for Qualified Opinion section of our report,} the accompanying financial statements of Mandwi for the period [Start Year] - [End Year] are prepared, in all material respects, in accordance with the with the generally accepted accounting principles in Nepal.

Basis for opinion {Basis for Qualified Opinion}

{[Description of qualification(s)]}

We conducted our audit in accordance with Nepal Standards on Auditing (NSAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of Mandwi in accordance with the handbook of code of ethics for professional accountants issued by Institute of Chartered Accountants of Nepal (ICAN), and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

We draw attention to [description of the matter to be emphasized]. These circumstances have not caused us to modify our opinion.

Management's responsibilities for the program financial statements

The management is responsible for the preparation of financial statements that give a true and fair view in accordance with generally accepted accounting principles, and for such internal control as the management determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the management is responsible for assessing the organization’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the management either intend to liquidate the organization or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the program financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with NSAs will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with NSAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Consultancy-Proposal-Form- Audit

Technical/financial proposal as per RFP requirements should be submitted via email  [email protected] or in the sealed envelope of hardcopy document with the subject “Request for proposal for External Audit for Nepalese fiscal year 2082/2083  of  Mandwi” by 5 PM, 22nd July 2026. Technical/financial proposal received after the specified date and time of the invitation will not be considered.

https://www.jobsnepal.com/external-audit-for-nepalese-fiscal-year-20822083-143231