REQUEST FOR EXPRESSIONS OF INTEREST

FOR AN INDIVIDUAL CONSULTANT

AFRICAN DEVELOPMENT BANK GROUP

Rue Joseph Anoma, 01 BP 1387

Abidjan 01, Cote d’Ivoire

Group Risk Management Function

Operational Risk Division

Subject : Assistance in internal control tests in the Ghana Country Office

 

 

  1. The African Development Bank (the “Bank”) hereby invites Individual Consultants to indicate their interest to provide assistance in internal control tests in its Country Office in Ghana ;
  1. Internal control tests will be carried out according to international audit standards, ISA standards ;
  2. The reference framework used for the internal control tests is the COSO 2013 ;
  1. The assignment is with the Operational Risk Management and internal control over financial reporting team and will entail :
  • The consultant will carry out the control tests already identified in the risk and control matrix which will be made available to him at the beginning of the assignment. The consultant must master ISA standards relating to audit and internal control sampling procedures ;
  • The consultant must update the risk and control matrix according to whether he/she observes a gap between the control activity description documented in the matrix and the practice implemented by the process owners. The consultant should also ensure that the practice implemented conforms to the procedure manual governing regional and country offices ;
  • The consultant will have to keep all the evidence of reviews collected from the process owners, and reference them in accordance with best practices ;
  • The consultant will also have to propose additional tests identified either from the procedures manual or from observations made in the field ;
  • The consultant will work under the close supervision of Operational Risk Unit ;
  • All information and documents obtained by the consultant during the assignment remains the property of the Bank and the highest level of confidentiality and data privacy must be maintained ;
  • Any other task of a similar nature.

Given the aforementioned scope, the consultant is expected to demonstrate experience in business processes analysis and documentation, risk and controls matrix, and test of controls by using the COSO framework. The consultant must have a demonstrated track record for handling similar assignments and a strong experience in implementing internal controls over financial reporting in regional and countries offices. Key skills necessary for this assignment include extensive experience in risk and control identification and assessment, processes documentation and tests of controls. Experience with a reputable local or international audit firm will be an added advantage. The consultant must be proficient in English and preference will be given to a local consultant based in Ghana.

  1. The Operational Risk Unit invites individual Consultants to indicate their interest in providing the above-described services. Interested Consultants shall provide information on their qualifications and experience demonstrating their ability to undertake this Assignment (CV, documents, reference to similar services, experience in similar assignments, references, etc.) ;
  1. The eligibility criteria, the establishment of a short list and the selection procedure shall be in conformity with the Bank’s Procurement Policy for Recruitment of Corporate Consultants. Please note that interest expressed by a Consultant does not imply any obligation on the part of the Bank to include him/her in the shortlist. It is expected that interested Individual Consultants shall already be registered or register in the Bank’s DACON System for consultants. The link to the relevant registration website is http://dacon.afdb.org/dacon/ ;
  1. A shortlist of three to six individual consultants will be established at the end of the request of expressions of interest. The consultants on the shortlist will be judged on the following criteria basing on their submission, level of education, number of years of experience relevant to the assignment, language skills, knowledge of the working environment, regional and prior Bank experience ;
  1. The estimated duration of services is one and half (1.5) months and the estimated starting date is 15 March 2021 ;
  1. Interested Individual Consultants may obtain further information and clarifications from [email protected] and [email protected] during the Bank’s working hours between 8:00 to 17:00 GMT ;
  1. Expressions of interest must be received at the address below no later than 26 February 2021 (Friday) at 12:00 GMT and specifically mentioning “Assistance in internal control tests in the Ghana Country Office.”:

Mr. Eric Christian Ndong African Development Bank

Group Risk Management Function (PGRF2) 01 BP 1387, Abidjan 01 Cote d’Ivoire

Or via email addressed to : [email protected] with a copy to [email protected] and [email protected]