Addis zemen Friday
January 2, 2026
TENDER
ANNOUNCEMENT
Reference No: NCO/0446/25
Natanim Charitable Organization
(NCO) invites qualified and interested audit firms to
submit sealed quotations for conducting financial and program (performance) audits of the organization's three
bank C. Reporting accounts for the fiscal year
2025, for government, donor, and Board reporting
purposes.
Natanim Charitable Organization
(NCO) is a civil society organization established on
April 5, 2023, focusing on charitable and humanitarian interventions in the field of mental health and
psychosocial support. The organization is
registered under the Ethiopian Civil Society Organizations
Proclamation No. 1113/2019, with Registry Number 6792. The audit will encompass three bank accounts: one account
at Awash Bank and two accounts at Bank of
Abyssinia. The accounts collectively manage
financial transactions below ETB 15,000,000, and all financial records are organized into ten (10) box files.
Audit Outputs
The selected audit firm will be
required to prepare the following reports:
1. Donor Reports
- One combined audit report and
- One separate audit report
covering the two accounts at Bank of Abyssinia
- Reporting period: January 1,
2025 - December 31, 2025
2. Government Report
- One comprehensive audit report
covering all three accounts (Awash Bank and Bank of
Abyssinia)
- Reporting period: January 1,
2025 - December 31, 2025
All reports will be submitted to
NCO's Board of Directors, donors, and the Ethiopian
Civil Society Agency.
Scope of Work
The audit firm shall conduct both
financial and program/performance audits, covering but
not limited to the following areas:
A. Financial Audit
1. Verification of the accuracy,
completeness, and reliability of financial records.
2. Assessment of compliance with:
- Donor agreements and contracts
- Government laws and regulations
- NCO's internal financial
policies and procedures
3. Evaluation of financial management systems, internal controls and accounting practices
4. Preparation of audited financial statements in accordance with applicable auditing standards.
B. Program/Performance Audit
1. Efficiency
- Assess whether resources
(financial, human, and material) were used
optimally in implementing planned activities.
2. Effectiveness
- Examine the extent to which
planned outputs were
achieved.
3. Value for Money
- Determine whether expenditures
were economical,
justified, and proportionate to the results achieved.
4. Work Plan Compliance
- Review implementation against
approved project
proposals, annual plans, and donor-approved work
plans.
5. Participant Verification and
Validation
- Verify the existence,
eligibility, and accuracy of reported beneficiaries and
participants through document review and
sample-based verification.
6. Program Documentation Review
- Assess
the quality and adequacy of program reports, activity records,
attendance sheets, and monitoring tools.
C. Reporting
- Preparation of:
-- Statutory audit reports
-- Donor-specific audit reports
-- A management letter
highlighting key findings, risks, gaps, and
practical recommendations for improvement.
Eligibility Requirements
Interested audit firms must meet
the following criteria:
- International Standards:
-- Be an international audit firm
based in Ethiopia or a local firm formally partnered with
an international audit firm.
- Registration:
-- Hold valid registration with
the Accounting and Auditing Board of Ethiopia (AABE).
- Experience:
-- Minimum of five (5) years'
experience auditing NGOs or similar civil society
organizations.
- Documentation:
-- Valid and renewed trade
license
-- TIN certificate
-- VAT or TOT registration
certificate
- References:
-- Recommendation letters from
similar organizations
previously audited.
- Proposal Validity:
-- Proposals must remain valid
for 30 days after the
submission deadline.
Submission Requirements
1. Technical Proposal
- Detailed audit methodology and
approach (financial and program audit).
- Team composition,
qualifications, and relevant experience.
- Proposed audit timeline and
work plan.
2. Financial Proposal
- Detailed cost breakdown, quoted
in Ethiopian Birr (ETB).
All proposals must be sealed,
stamped, and clearly labeled with Reference No:
NCO/0446/25.
Bid Collection and Submission
- Collection Period: January 02,
2026-January 16, 2026 (during working hours)
- Submission Deadline: January
16, 2026, before 5:30 PM
Address for Collection and
Submission
Natanim Charitable Organization
Ethiopia, Addis Ababa City
Nifas Silk Lafto Sub City,
District 01
Aseyo Building, Room No. 101 and
108
Phone:
0911436120/0945462424/0945482424/0993252767/0911872417
Email: Fikirte@natanimethiopia.org/ fikir74@gmail.com,
Mulu@natnaimethiopia.org/muluyibark@gmail.com, betikef6@gmail.com
Special Conditions
- All prices must be quoted in
Ethiopian Birr (ETB).
- Late submissions will not be
accepted.
Natanim
Charitable Organization (NCO)