External Audit Services
2025-06-06T12:25:18+00:00
Living Water International
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https://water.cc/
FULL_TIME
Zambia
Lusaka
10101
Zambia
Nonprofit, and NGO
Accounting & Finance
2025-06-17T17:00:00+00:00
Zambia
8
A major strength of Living Water Zambia is its ability to engage and work with the local church and build long-term relationships with churches, communities, and other bodies at all levels in the delivery of its services. The program collaborates with local authorities, churches, and like-minded institutions such as the Evangelical Fellowship of Zambia. Our work has become more geographically focused, and we concentrate on achieving high levels of coverage through long-term, impactful relationships before moving to new geographical areas.
Objectives and Scope of the Audit
The objective of the audit is for the auditors to conduct audit reviews as follows:
1. The auditors shall express an independent professional opinion as to whether the financial statements present fairly, in all material respects, the financial position of Living Water International Zambia in accordance with the International Financial Reporting Standards (IFRS).
2. The audit shall be carried out in accordance with the International Standards on Auditing (ISAs) as issued by the International Federation of Accountants (IFAC).
3. Letter of Recommendations (formerly management letter)-The Auditors should submit a letter of recommendations after the completion of the audit, in which the auditors will:
a) Identify specific deficiencies or areas of weakness in systems and controls, and make recommendations for their improvement.
b) Examine on a test basis the appropriateness of supporting documents, records, and books of accounts relating to all project activities.
c) Include management responses to audit findings and recommendations.
d) Any matters that come to the auditor’s attention during the audit that might have a significant impact on the implementation of the programme.
e) Examine, assess, and report on compliance with the terms and conditions of the agreement between funding partners and LIVING WATER INTERNATIONAL ZAMBIA and applicable laws and regulations within accounting and taxes.
f) The auditor shall report the identified amount in case there are any missing supporting documents.
g) Any matters that come to the auditor’s attention during the audit that might have a significant impact on the implementation of the programme.
Responsibility for the preparation of Financial Statements
The responsibility for the preparation of the annual financial statements lies with the LIVING WATER INTERNATIONAL ZAMBIA directors and management.
1. Directors will prepare the annual financial statements on an accrual basis and in accordance with International Financial Reporting Standards (IFRSs).
2. Management is responsible for the implementation of accounting, administrative, and financial procedures documented in the LIVING WATER INTERNATIONAL ZAMBIA manuals.
3. LIVING WATER INTERNATIONAL ZAMBIA financial year end runs from 1 July to 30 June.
4. LIVING WATER INTERNATIONAL ZAMBIA reserves the right to terminate the engagement should it deem it necessary, in accordance with the Agreement.
Selection Criteria
LIVING WATER INTERNATIONAL ZAMBIA will do the adjudication after the proposal submission deadline. The selection criteria will include the following:
1. Eligibility – authorization by the Zambia Institute of Chartered Accountants (ZICA) to conduct audits.
2. Experience of the audit firm in relation to the scope of audits for non-profit organizations.
3. A list of similar non-profit organizations served by the firm.
4. Staff assignments and availability to complete the audit on a timely basis.
a) Participation of senior audit personnel assigned to the engagement.
b) Depth of Technical Resources (CV of the assigned team leader).
c) Availability of staff to respond to questions within the scope of the engagement and the hourly charge, if any, for services outside the scope of the audit.
5. Audit firm staff stability history – assurances can be provided regarding the assignment of permanent personnel to the engagement.
6. Proposed fee for the engagement, including a schedule for additional services that may be necessary beyond the scope of the audit engagement.
7. Detailed audit plan/methodology including the approach to risk and fraud detection.
8. Estimated number of hours to complete the audit by classification of employees, i.e., partners, senior, junior.
The auditors shall express an independent professional opinion as to whether the financial statements present fairly, in all material respects, the financial position of Living Water International Zambia in accordance with the International Financial Reporting Standards (IFRS). 2. The audit shall be carried out in accordance with the International Standards on Auditing (ISAs) as issued by the International Federation of Accountants (IFAC). 3. Letter of Recommendations (formerly management letter)-The Auditors should submit a letter of recommendations after the completion of the audit, in which the auditors will: a) Identify specific deficiencies or areas of weakness in systems and controls, and make recommendations for their improvement. b) Examine on a test basis the appropriateness of supporting documents, records, and books of accounts relating to all project activities. c) Include management responses to audit findings and recommendations. d) Any matters that come to the auditor’s attention during the audit that might have a significant impact on the implementation of the programme. e) Examine, assess, and report on compliance with the terms and conditions of the agreement between funding partners and LIVING WATER INTERNATIONAL ZAMBIA and applicable laws and regulations within accounting and taxes. f) The auditor shall report the identified amount in case there are any missing supporting documents. g) Any matters that come to the auditor’s attention during the audit that might have a significant impact on the implementation of the programme. Responsibility for the preparation of Financial Statements The responsibility for the preparation of the annual financial statements lies with the LIVING WATER INTERNATIONAL ZAMBIA directors and management. 1. Directors will prepare the annual financial statements on an accrual basis and in accordance with International Financial Reporting Standards (IFRSs). 2. Management is responsible for the implementation of accounting, administrative, and financial procedures documented in the LIVING WATER INTERNATIONAL ZAMBIA manuals. 3. LIVING WATER INTERNATIONAL ZAMBIA financial year end runs from 1 July to 30 June. 4. LIVING WATER INTERNATIONAL ZAMBIA reserves the right to terminate the engagement should it deem it necessary, in accordance with the Agreement.
Eligibility – authorization by the Zambia Institute of Chartered Accountants (ZICA) to conduct audits. 2. Experience of the audit firm in relation to the scope of audits for non-profit organizations. 3. A list of similar non-profit organizations served by the firm. 4. Staff assignments and availability to complete the audit on a timely basis. a) Participation of senior audit personnel assigned to the engagement. b) Depth of Technical Resources (CV of the assigned team leader). c) Availability of staff to respond to questions within the scope of the engagement and the hourly charge, if any, for services outside the scope of the audit. 5. Audit firm staff stability history – assurances can be provided regarding the assignment of permanent personnel to the engagement. 6. Proposed fee for the engagement, including a schedule for additional services that may be necessary beyond the scope of the audit engagement. 7. Detailed audit plan/methodology including the approach to risk and fraud detection. 8. Estimated number of hours to complete the audit by classification of employees, i.e., partners, senior, junior.
JOB-6842de2e5ef15
Vacancy title:
External Audit Services
[Type: FULL_TIME, Industry: Nonprofit, and NGO, Category: Accounting & Finance]
Jobs at:
Living Water International
Deadline of this Job:
Tuesday, June 17 2025
Duty Station:
Zambia | Lusaka | Zambia
Summary
Date Posted: Friday, June 6 2025, Base Salary: Not Disclosed
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JOB DETAILS:
A major strength of Living Water Zambia is its ability to engage and work with the local church and build long-term relationships with churches, communities, and other bodies at all levels in the delivery of its services. The program collaborates with local authorities, churches, and like-minded institutions such as the Evangelical Fellowship of Zambia. Our work has become more geographically focused, and we concentrate on achieving high levels of coverage through long-term, impactful relationships before moving to new geographical areas.
Objectives and Scope of the Audit
The objective of the audit is for the auditors to conduct audit reviews as follows:
1. The auditors shall express an independent professional opinion as to whether the financial statements present fairly, in all material respects, the financial position of Living Water International Zambia in accordance with the International Financial Reporting Standards (IFRS).
2. The audit shall be carried out in accordance with the International Standards on Auditing (ISAs) as issued by the International Federation of Accountants (IFAC).
3. Letter of Recommendations (formerly management letter)-The Auditors should submit a letter of recommendations after the completion of the audit, in which the auditors will:
a) Identify specific deficiencies or areas of weakness in systems and controls, and make recommendations for their improvement.
b) Examine on a test basis the appropriateness of supporting documents, records, and books of accounts relating to all project activities.
c) Include management responses to audit findings and recommendations.
d) Any matters that come to the auditor’s attention during the audit that might have a significant impact on the implementation of the programme.
e) Examine, assess, and report on compliance with the terms and conditions of the agreement between funding partners and LIVING WATER INTERNATIONAL ZAMBIA and applicable laws and regulations within accounting and taxes.
f) The auditor shall report the identified amount in case there are any missing supporting documents.
g) Any matters that come to the auditor’s attention during the audit that might have a significant impact on the implementation of the programme.
Responsibility for the preparation of Financial Statements
The responsibility for the preparation of the annual financial statements lies with the LIVING WATER INTERNATIONAL ZAMBIA directors and management.
1. Directors will prepare the annual financial statements on an accrual basis and in accordance with International Financial Reporting Standards (IFRSs).
2. Management is responsible for the implementation of accounting, administrative, and financial procedures documented in the LIVING WATER INTERNATIONAL ZAMBIA manuals.
3. LIVING WATER INTERNATIONAL ZAMBIA financial year end runs from 1 July to 30 June.
4. LIVING WATER INTERNATIONAL ZAMBIA reserves the right to terminate the engagement should it deem it necessary, in accordance with the Agreement.
Selection Criteria
LIVING WATER INTERNATIONAL ZAMBIA will do the adjudication after the proposal submission deadline. The selection criteria will include the following:
1. Eligibility – authorization by the Zambia Institute of Chartered Accountants (ZICA) to conduct audits.
2. Experience of the audit firm in relation to the scope of audits for non-profit organizations.
3. A list of similar non-profit organizations served by the firm.
4. Staff assignments and availability to complete the audit on a timely basis.
a) Participation of senior audit personnel assigned to the engagement.
b) Depth of Technical Resources (CV of the assigned team leader).
c) Availability of staff to respond to questions within the scope of the engagement and the hourly charge, if any, for services outside the scope of the audit.
5. Audit firm staff stability history – assurances can be provided regarding the assignment of permanent personnel to the engagement.
6. Proposed fee for the engagement, including a schedule for additional services that may be necessary beyond the scope of the audit engagement.
7. Detailed audit plan/methodology including the approach to risk and fraud detection.
8. Estimated number of hours to complete the audit by classification of employees, i.e., partners, senior, junior.
Work Hours: 8
Experience in Months: 60
Level of Education: bachelor degree
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