Project Expenditure Verification at Practical Action Kenya

Scope of Work
The Expenditure Verifier shall undertake this engagement in accordance with:

• International Standard on Related Services (ISRS) 4400 (Revised) - Engagements to Perform Agreed-upon Procedures regarding Financial Information as issued by IFAC.
• The IFAC Code of Ethics for Professional Accountants, emphasizing integrity, objectivity, independence, professional competence, due care, confidentiality, professional behavior, and technical standards.

Objectives
The Expenditure Verifier is expected to:

• Execute agreed-upon procedures for all expenses.
• Issue reports supporting Practical Action's conclusions on expenditure eligibility and related follow-up.
• The exercise will be conducted as a desktop review with travel when necessary.

Procedures
The Expenditure Verifier's procedures should include:

• Understanding the engagement context, contractual conditions, and the donor’s rules.
• Assessment of risk factors associated with expenditure and revenue.
• Examination of financial and non-financial evidence.
• Review of all the expenses within the period under review
• Identification of findings, facts, and analysis to support conclusions

Reporting
The Expenditure Verification Report will:

• Provide information about the assignment and a risk analysis overview.
• Detail the outcome of substantive testing and findings identified through the agreed upon procedures.
• Develop and share the Expenditure Verification Report template, including factual findings, standard practice, impact of noncompliance and recommendations, regardless of the amount involved.

Requirements for the Expenditure Verifier

• The selected Expenditure Verifier should meet the following criteria:
• Membership in ICPAK and in good standing.
• Over 10 years of experience in similar assignments with reputable firms or entities.
• Immediate availability for the assignment.
• Full-time commitment for the agreed-upon period

Consultant Evaluation Criteria

• Consultant bids will be evaluated based on the following criteria and scores:
• Technical capacity (Qualifications, experience) - 70 points
• Budget - 20 points
• Workplan/Timelines - 10 points