Internal Auditor -Consultant

A. Position: Internal Auditor -Consultant

B. Reporting to: KVSS Internal Audit Committee

C. Overall Responsibility: To provide audit of the organization and recommend necessary management structures, strategies, and processes.

Objective of Internal Audit

To enable the auditor to express an independent professional opinion on the financial position, system of internal controls, Compliance with agreement terms and conditions, applicable laws, and regulations of international development enterprises Nepal of the fund received and expenditure of the accounting period.

Scope and purpose

The principal purpose of the Consultancy is to assist the KVSS Internal Audit Committee in relation to the effectiveness and integrity of organization management operations and reporting of its responsibilities, to exercise due care, diligence, and skill in relation to the oversight of the:

• Development, maintenance, implementation and review of the internal audit work programs and audit plans.
• Evaluation of risk management frameworks of the operations of the organization and the monitoring of compliance.
• Review and evaluation of the financial management and internal control systems.
• The audit shall cover overall aspect of KVSS inclusive of finance, Procurement, Assets Management, Cash management, Human Resources, General administrations and to identify issues and areas for improvement.

1. Auditors Reports/ Deliverables

Audit Reports shall Contain:

• Auditor opinion on the financial statements of KVSS
• Management letter Comprises findings and observations along with recommendation for improving the management system of KVSS.
• Quarterly report on the activities undertaken i.e. the areas covered under audit (including a summary of values and volumes of transaction audited) during the period, key issues identified, action required to be taken and follow up on recommended action from the previous report this will include; assessment of the adequacy and effectiveness of the organization structure, system and processes including in the areas of risk management and internal control.
• Significant control issues and potential for improving risk management and control processes. A Summary of any report matters arising from the audit that require KVSS governance/Management attentions, including any financial irregularities detected.
• Actions report and Action taken reports.

2. Key Tasks & Duties 

• Evaluate the adequacy of the Organization ’s internal control framework in addressing risks and accomplishing the Organization ’s goals and objectives.
• Work with the Governance and Audit Committee in ensuring the identification and prioritization of risks and reporting of the same; and
• Liaise with the Head of Departments to monitoring of quality departmental risk registers and action plans to ensure risk mitigation efforts are proceeding as required.

3. Audit Management

• Documenting audit procedures, developing criteria, reviewing, and analyzing evidence, and documenting processes and procedures.
• Review and recommend to the Board for approval, the annual and any interim audit plan of all audits.
• Continuously monitor implementation of the annual audit plan.

Academic and Professional Qualifications

The following are the qualifications of the consultant or the Lead Consultant in the case of a firm:

1. The successful candidate would be a CA, ACCA, or other recognized auditing qualification.
2. Auditing experience (3+ years) with working for auditing firms or development organizations/ consulting firms working with private sector, NGOs and/or international donors.
3. Nepali Citizen, fluent in English; Could compile detailed reports in English.
4. Proven knowledge of auditing standards and procedures, laws, rules and regulations in Nepal, an understanding of donor requirements would be an added advantage.
5. Operating knowledge of MS Office, accounting software and databases
6. Sound independent judgment.
7. Be able to travel to difficult, remote regions of Nepal at a short notice.

Application Guidelines

Interested applicants are required in response to this consultancy to send. 

1. Application Letter.
2. Copies of relevant certificates.
3. Curriculum Vitae with two current references.
4. Copies of experiences letter as an internal auditor.

4. Submission Process: Interested candidates are invited to submit their proposal, including a cover letter, CV, samples of previous work, and a detailed budget breakdown. Submissions should be sent to "Apply for this Job"

5. Selection Process:

• Review of submissions by the team of KVSS.
• Shortlisting of candidates for interviews, if necessary.
• Final selection based on evaluation criteria and interviews.

11. Confidentiality: All information shared during the selection process will be treated as confidential and used solely for the purpose of this project.

KVSS reserves the right to reject any or all proposals received in response to this TOR.

Only shortlisted candidates /firms will be contacted.