EXPRESSION OF INTEREST (EOI) For Independent Audit Services

EXPRESSION OF INTEREST (EOI) For Independent Audit Services

Shangri-La Orphanage Home, Godawari-10, Chapagaun, Lalitpur

EXPRESSION OF INTEREST (EOI)

For Independent Audit Services

External Audit for FY 2083/84 (2025/26)

First Published Date 19 August, 2026

1. Background

Shangri-La Orphanage Home (SOH) is a non-governmental, non-profit organization established in 1998 to provide care, protection, education and opportunities for the holistic development and empowerment of orphaned, vulnerable and underprivileged children and young people.

SOH works in collaboration with government authorities, donor agencies and other relevant stakeholders for the implementation of child care and protection, educational scholarship and vocational trainings projects in Godawari Municipality.

SOH’s approximate total turnover for the fiscal year 2083/84 (2026/27) is expected to between NPR 3 crores to 4 crores, covering various projects supported through donor contributions and grants.

In accordance with the applicable laws and regulations of the Government of Nepal, requirements of the Social Welfare Council (SWC), donor requirements and SOH's internal policies and procedures, Shangri-La Orphanage Home invites Expression of Interest (EOI) from qualified, independent, and experienced audit firms registered with the Institute of Chartered Accountants of Nepal (ICAN) to be listed and endorsed from the upcoming General Assembly to conduct the external/statutory audit of SOH for Fiscal Year 2083/84 (2026/27).

The selected audit firm shall conduct the audit in accordance with applicable Nepal Accounting Standards (NAS), Nepal Standards on Auditing (NSA), prevailing laws and regulations of Nepal, Social Welfare Council requirements, donor requirements and generally accepted professional auditing practices.

2. Objectives of the Audit

The overall objective of the audit is to provide an independent and professional opinion on whether the financial statements of Shangri-La Orphanage Home for FY 2083/84 present a true and fair view of the organization's financial position and financial performance.

The specific objectives of the audit are to:

• Examine the financial statements and related records of SOH and provide an independent audit opinion.
• Assess compliance with applicable Nepal Accounting Standards (NAS), Nepal Standards on Auditing (NSA), and relevant legal and regulatory requirements.
• Verify the accuracy, completeness, validity and proper classification of financial transactions.
• Examine whether income received and expenditures incurred are properly recorded, adequately supported, authorized and utilized for their intended purposes.
• Review the adequacy and effectiveness of SOH's internal control and financial management systems.
• Assess compliance with SOH's approved policies, donor agreements, project requirements and applicable Government of Nepal regulations.
• Identify material weaknesses, compliance gaps, financial risks and areas requiring improvement.
• Provide practical recommendations for strengthening financial management, internal controls, governance, transparency and accountability.
• Where applicable, review donor/project funds separately and report any significant findings or deviations from approved budgets and agreements.

Eligibility and Qualifications of Audit Firm

Interested audit firms should meet the following minimum requirements:

• Be duly registered with the Institute of Chartered Accountants of Nepal (ICAN).
• Hold a valid Certificate of Practice (COP) and current renewal.
• Have valid firm registration and PAN/VAT registration, as applicable.
• Have a valid tax clearance certificate.
• Demonstrate relevant experience in auditing NGOs/non-profit organizations, preferably organizations implementing donor-funded projects.
• Have qualified and experienced audit personnel capable of conducting the assignment professionally and independently.
• Have no actual or potential conflict of interest with SOH.
• Comply with applicable professional, legal, and ethical requirements.
• Preference may be given to audit firms with demonstrated experience in auditing organizations funded by international donors and/or organizations working in child protection, education, community development or related sectors.

Documents and Information to be Submitted

Interested audit firms are requested to submit the following documents along with their EOI/Technical and Financial Proposal:

1. Profile of the audit firm, including organizational structure and relevant experience.
2. Valid ICAN Certificate of Practice (COP) and current renewal certificate.
3. ICAN registration/firm registration certificate.
4. PAN/VAT registration certificate, as applicable.
5. Latest tax clearance certificate.
6. Details of similar audit assignments undertaken, particularly NGO/non-profit and donor-funded projects.
7. Profile/CV of the proposed Engagement Partner and key audit team members, including their qualifications and relevant experience.
8. Proposed audit methodology and approach.
9. Proposed audit work plan.
10. Proposed timeline for completion of the audit.
11. Financial proposal clearly indicating the total professional fee, including VAT and all applicable taxes.
12. Separate breakdown of professional fees and any applicable travel, accommodation, or other costs.
13. Signed declaration of independence and absence of conflict of interest.
14. Any other documents considered relevant to demonstrate the firm's capacity and experience.

Any cost not clearly included in the financial proposal shall not be reimbursed separately unless expressly agreed in writing by Shangri-La Orphanage Home.

Submission of EOI/Proposal

Interested and eligible audit firms are invited to submit their Technical and Financial Proposals, together with all required supporting documents, electronically via email on in person in a sealed envelope at the office address.

The email subject line should clearly state: “Expression of Interest for Independent External Audit Services – FY 2083/84”

Submission Address:

Shangri-La Orphanage Home (SOH)

Godawari-10, Chapagaun, Lalitpur, Nepal

Email: procurement@gemeinsamfuernepal.org

Submission Deadline: 02 September 2026Time: 5:00 PM

Only complete proposals received within the specified deadline will be considered for evaluation.

Submission of Required Documents

Interested and eligible audit firms are requested to submit only the required documents as mentioned within the specified deadline.

SOH reserves the right to accept or reject any or all proposals, in whole or in part, without assigning any reason, in accordance with its applicable policies and procedures.

Any attempt to directly or indirectly influence the evaluation or selection process may result in disqualification.

Only shortlisted audit firms may be contacted for further selection process.

For Detailed TOR, click on the link below:

Expression of Interest for Independent Audit Services