CALL FOR PROPOSALS FOR EXTERNAL AUDITOR
Audit of PRIDE’s Organizational and Project Financial Statements for Fiscal Years 2023, 2024, and 2025
Issued by:
Peace Restoration and Integral Global Development Initiative (PRIDE)
Reference Number: PRIDE/FIN/EXTAUD/2023-2025
Submission Email: [email protected]
Submission Deadline: Wednesday, 31st July 2025 at 11:59 PM (WAT)
1. About PRIDE
Peace Restoration and Integral Global Development Initiative (PRIDE) is a registered national non-governmental, non-profit organization committed to fostering peace, humanitarian action, protection, and sustainable development in conflict-affected and underserved communities in Nigeria.
Since its inception, PRIDE has implemented multiple donor-funded and partner-supported projects across protection, health, livelihoods, education, peacebuilding, and humanitarian response. In alignment with our commitment to transparency, integrity, and best financial practices, we invite proposals from qualified and experienced audit firms to carry out a comprehensive external audit of all organizational and project financial accounts implemented during the fiscal years 2023, 2024, and 2025.
2. Objective of the Audit
The objective of this external audit is to express an independent, professional opinion on the fairness and accuracy of PRIDE’s financial statements and the proper use of funds received from various donors and partners during the stated period. The audit should evaluate compliance with applicable national regulations, donor agreements, and internal policies, and identify any financial risks or control gaps.
3. Scope of Work
The appointed audit firm will be expected to:
- Conduct an audit of all financial statements related to PRIDE’s operations and projects for 2023, 2024, and 2025
- Review financial records, statements, transactions, disbursements, and supporting documentation across all projects
- Verify that project expenditures are properly accounted for and aligned with approved budgets and donor contracts
- Evaluate the adequacy and functionality of internal financial control systems
- Assess compliance with relevant accounting standards (IFRS), audit standards (ISA), and donor-specific requirements
- Identify any material weaknesses, misstatements, ineligible expenditures, or financial irregularities
- Prepare and submit detailed audited financial statements, management letters, and recommendations for each fiscal year
- Conduct an exit meeting to present audit findings to PRIDE’s leadership and governance bodies
4. Key Deliverables
The external auditor will deliver the following for each of the three fiscal years (2023, 2024, and 2025):
- Audited financial statements with full disclosures
- Management letter identifying internal control gaps and risks with corrective action recommendations
- Compliance letter (if required by donor)
- Presentation of findings to PRIDE’s management and Board of Trustees
5. Eligibility and Qualifications
Interested audit firms must demonstrate the following:
- Valid registration as a licensed accounting/audit firm in Nigeria
- Minimum of five (5) years of verifiable experience in auditing NGOs, particularly those managing multi-donor or humanitarian funding
- Strong familiarity with international accounting standards (IFRS), International Standards on Auditing (ISA), and donor financial compliance guidelines (e.g., UN agencies, NHF, bilateral donors)
- A qualified team of certified professionals, including Chartered Accountants (ICAN/ACCA)
- Independence from PRIDE’s structure, governance, and staff
6. Proposal Submission Requirements
Firms are required to submit a complete proposal that includes:
- Company Profile – including contact information, registration status, areas of specialization, and years of experience
- Evidence of Past Experience – three (3) references or documentation of similar audits completed in the last five years
- Audit Methodology and Workplan – showing how the audit will be conducted, including proposed timeframe and deliverables
- Team Composition – CVs of lead auditor and key team members with relevant credentials
- Financial Proposal – a detailed breakdown of professional fees, taxes, reimbursables, and other costs
- Legal and Tax Compliance Documents – e.g., CAC registration, current practicing license, and most recent three years of tax clearance certificates
- Declaration of Independence and Conflict of Interest
7. Submission Instructions
All proposals must be submitted in PDF format via email to:
📧 [email protected]
Email Subject Line: External Audit Proposal – PRIDE 2023–2025
Deadline for Submission: Wednesday, 31st July 2025 at 11:59 PM (WAT)
Late submissions will not be considered. Only shortlisted firms will be contacted for further engagement.
