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    Internal Auditor Terms of Reference

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    chelele
    The internal auditor will comprehensively review all project activities and transactions to ensure adherence to standards and proper use and accounting of funds. This will include assessing financial management systems and funds flow, verifying expenditures, procurement processes, bank reconciliations, asset management, IT security controls, and monitoring of partner organizations. The auditor will also reconcile statements to donor records and assess follow-up on prior audit recommendations.

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    Internal Auditor Terms of Reference

    Uploaded by

    chelele
    97 views1 page
    The internal auditor will comprehensively review all project activities and transactions to ensure adherence to standards and proper use and accounting of funds. This will include assessing financial management systems and funds flow, verifying expenditures, procurement processes, bank reconciliations, asset management, IT security controls, and monitoring of partner organizations. The auditor will also reconcile statements to donor records and assess follow-up on prior audit recommendations.

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    INTERNAL AUDITOR TERMS OF REFERENCE

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    The internal auditor will comprehensively review all project activities and transactions to ensure adherence to standards and proper use and accounting of funds. This will include assessing financial management systems and funds flow, verifying expenditures, procurement processes, bank reconciliations, asset management, IT security controls, and monitoring of partner organizations. The auditor will also reconcile statements to donor records and assess follow-up on prior audit recommendations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    97 views1 page

    Internal Auditor Terms of Reference

    Uploaded by

    chelele
    The internal auditor will comprehensively review all project activities and transactions to ensure adherence to standards and proper use and accounting of funds. This will include assessing financial management systems and funds flow, verifying expenditures, procurement processes, bank reconciliations, asset management, IT security controls, and monitoring of partner organizations. The auditor will also reconcile statements to donor records and assess follow-up on prior audit recommendations.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 1

    INTERNAL AUDITOR TERMS OF REFERENCE

    SCOPE OF WORK OF GREEN SCHOOL VILLAGE: The internal Audit should be carried out in accordance
    with both International and Tanzania standards on Auditing published by International Federation Accounts and
    Tanzania Auditors Association and should include such tests and controls as necessary for performance of the
    audit. The scope of assignment will be comprehensive and will cover the project activities and transactions. The
    responsibilities of the internal auditor include reporting on the adequacy of the internal controls, the accuracy and
    propriety of transactions, the extent to which assets are accounted for and safeguarded, and the level of
    compliance with donors’ financial norms and Tanzania Government procedures.
    a) An assessment of the adequacy of the programs financial management systems.
    b) Funds have been used in accordance with the relevant financial norms and financial regulations with due
    attention to economy and efficiency, and only for the purpose for which the financing has been provided.
    c) An assessment of efficiency and timeliness of funds flow and reporting (utilization certificates)
    mechanism at the level of TSDIO for implementation of the project activities.
    d) Expenditure statements submitted by project implementing team have been correctly accounted for and
    disbursement made to them are as the guidelines and norms prescribed under Green School Village
    Program.
    e) Adequate and proper supporting documents, namely purchase orders, tender documents, invoices,
    vouchers, receipts, pay bills, etc. are maintained and linked to the transactions.
    f) Goods, works and services financed have been procured.
    g) The review of the procurement process should also cover the process on establishing grievance redressal
    mechanism and feedback provided to unsuccessful bidders.
    h) Reconciliation of Bank Statements and Accounts is regularly carried out on monthly basis and necessary
    corrections on account of Bank’s credits/debits and stale cheque accounted for concurrently.
    i) Assets: Completeness, existence, recording, safeguard and utilization for the purpose intended including
    physical verification of sample assets.
    j) Ascertain the reliability of integrity, controls, security and effectiveness of the operation of computerized
    system. Identify constraints, if any in the timely updating of the computerized project financial
    management system and in adhering to the internal control procedures.
    k) Procurement, contracting, disbursement and monitoring of NGOs are carried out in line with the TSDIO
    guideline and project funding Agreements.
    l) Internal Auditor also shall verify and reconcile the statement of Expenditure submitted to Donor with
    reference to records and accounts books maintained at TSDIO office and report the variance in
    tabulation form for making necessary corrections/adjustments by Donor while releasing further grants.
    m) An assessment of the action taken by Donors on the recommendations related to procurement process
    made in the precious half-yearly audit reports.
    n) The scope of work will additionally include detailed review of the issue of advances, staff advances and
    cash payments for items purchased.
    NB. Regarding the payments will be disclosed on the agreement working modality partnership.
    Thanks
    Best regards
    Chelele Yuvendus

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