EXPRESSION OF INTEREST (EOI) FOR STATUTORY AUDIT – FY 2082/83

EXPRESSION OF INTEREST (EOI) FOR STATUTORY AUDIT – FY 2082/83

HOPE Foundation Nepal is a not-for-profit-making NGO, working since 2017 in the Siraha district. Inspired by the idea of building a dynamic society that can contribute to the overall development and prosperity of the country along with oneself, one's family, and social development for a holistic society through the social and gender transformative approach (SGTA). It aims to facilitate between citizens and the state to fulfill the basic need to live a ‘Quality and Dignified life’. It is dedicated to working strategically to contribute to the holistic development of disadvantaged groups with a special focus on women, girls, adolescents, and other marginalized and disadvantaged groups. 

HOPE Foundation Nepal in partnership with One Heart Worldwide (OHW) is going to implement “Strengthening Maternal Neonatal Health Services in Partnership with the Local Government (स्थानीय सरकारको साझेदारीमा मातृ तथा नवजात शिशु स्वास्थ्य सेवा सुदृढिकरण)" in Siraha district from 2025. HOPE Foundation Nepal hereby invites sealed Financial and Technical Proposals from eligible and experienced audit firms to conduct the statutory audit for the fiscal year 2082/83.

1. Purpose and objective of the Audit:

The overall purpose of this assignment is to give the reasonable assurance of all income received and cost incurred in current fiscal year are in accordance with the relevant policy of HOPE Foundation Nepal and One Heart Worldwide, compliance with Government of Nepal's rules and regulation and produce a report as per Nepal Accounting standard (NAS).

2. Audit Scope and Assignment:

The scope of the Annual Audit is to check the income provided and costs incurred through the original vouchers and other related project documents (contracts, agreements…), based on the annual plan/program and financing plan. This will review the income and expenditures of Hope Foundation Nepal for the period of one financial year. The auditor should verify the report by means of verification. 

• The audit shall be conducted in accordance with National and International Auditing Standards, including necessary tests and verification procedures.
• Verify that all funds have been used in accordance with Hope Foundation Nepal policies and project funding partners' requirements.
• Ensure that appropriate supporting documents, records, and books of accounts related to all activities have been properly maintained.
• Confirm that the financial statements have been prepared by Hope Foundation Nepal management in accordance with applicable accounting standards, and that they present a true and fair view of Hope Foundation Nepal financial position and results of operations.
• Evaluate the adequacy and effectiveness of internal control and accounting systems in monitoring expenditures and other financial transactions.
• Express an audit opinion on the reasonableness and accuracy of the financial statements in all material respects.
• Provide an opinion on compliance with procedures designed to ensure the detection of material misstatements due to errors or fraud.
• Conduct entry and exit meetings with the Board of Hope Foundation Nepal to discuss the audit plan, preliminary findings, and final outcomes.
• Review assets and inventory records, including conducting physical verification if necessary.
• Submit a Management Letter outlining key findings, control weaknesses, risks identified, and recommendations for improvement.

3. Audit Duration & Timeline: 

The audit work must be completed within one month from the commencement date.

4. Deliverables:

• Three original copies of the Audit Report appended to the Financial Statements submitted to the Chairperson.
• A Management Letter in accordance with the described scope of work.
• Tax Clearance Certificate

5. Qualification of the Auditor/Audit Firm:

• Must be legally registered and renewed under The Institute of Chartered Accountants of Nepal (ICAN).
• Must have a valid PAN/VAT registration and latest tax clearance certificate.
• At least 3 years of experience in auditing NGOs/INGOs and donor-funded projects.
• Proven track record in conducting audits as per national and international standards.
• Must ensure independence and confidentiality throughout the assignment.

6. Required Documents for Submission:

• Firm registration certificate.
• Certificate of Practice.
• PAN/VAT Certificate.
• Latest tax clearance certificate.
• Experience certificates.

Click on the link below for Annex:

https://drive.google.com/uc?export=download&id=1SFil1LG_OHylCzSytKhQ4LrAYoBZVM-t

7. Audit Fees:

The audit fees will be determined through the available budget of the project.

8. Submission Deadline:

All proposals must be submitted via email to vacancy.hopenepal@gmail.com or delivered physically to the HOPE Foundation Nepal Office, located at: HOPE Foundation Nepal Lahan-7, Siraha, Nepal no later than 21st July 2026 (before 5:00 PM).