Terms of Reference for Yayasan Sayangi Tunas Cilik’s various projects
External Audit Service

A. Background

Yayasan
Sayangi Tunas Cilik (YSTC), a prospect member of Save the Children movement, is
a local non-profit organization established in Jakarta on May 12, 2014.
Starting May 1, 2015, the Yayasan Sayangi Tunas Cilik implemented the program
of Save the Children International-Indonesia Country Office.

During
2015, YSTC operated in 6 provinces (Aceh, South Sumatera, DKI Jakarta, West
Java, East Java, Eastern Nusa Tenggara) working in 12 cities (Bener Meriah,
Takengon, Langsa, Lampung, Jakarta, N. Jakarta, Bandung, Malang, Sumba, Kupang,
Kefa,and  Atambua) with main activities
in the following sectors:

A.
Education

B. Child
Protection

C. Child
Poverty

D. Health
and Nutrition

E. Fundraising

From which
activities, approx. USD 6.8M spent on programmatic activities whilst approx.
USD 75K was fundraised locally. 

B. Objectives

To have independent
audit  report and independent audit
opinion of program’s financial statement, compliance with donor’s regulation
and letter to the management for the period of May 12, 2014 to 31 December, 2015

C. Expected Output

At the end of
audit assignment, external auditor will prepare full audit report consist of:

• Independent
  Auditor’s Report covering the period of May 12, 2014 to 31 December,
  2015 with opinion on the financial statement,
  schedule of expenditures, compliance with donor’s requirements
• Audited
  Financial Statement
• Report
  on internal control
• Report
  on compliance with laws, regulation, contract/grant provisions that should
  have a material effect on financial statements
• Report
  on internal control over compliance

Management
letter, that  should contain the
following:

i.    The
content and scope of audit

ii.   Significant
observations on the activity covered by the report

iii. Findings
and questioned costs

At the end of
audit assignment, external auditor will complete audit certificate form, which
will be used as supporting document for the program. The audit certificate
shall contain the following:

• An  opinion whether the submitted financial
  report is in accordance with the accounting record according to PSAK 45
• A statement
  that the audit has been performed in accordance with international standards
  and in accordance with the organisation’s special instructions
• A statement
  whether the report has been drawn  up in
  accordance with the agreement
• A statement on
  whether the auditor proposes that the report be approved or not.

 The external auditor will
issue 3 hard copies and soft copy of the report.

 a.  Audit methodology and results

The auditor
should conduct its verification on the basis of inquiry and analysis,
(re)computation, comparison, other accuracy checks, observation, inspection of
records and documents and other methods considered necessary by auditor.

In conducting
the audit, auditor should refer to International Standard of Auditing (ISA).

Special
attention shall be drawn to the following paragraph of ISA:

Ø  Paragraph 240: ” The Auditor’s Responsibility to Consider Fraud
and Error in an Audit of Financial Statements”

Ø  Paragraph 800: “The Auditor’s 
Report on Special Purpose Audit Engagements”

The Auditor shall make a special examination to ascertain that:

Ø  The Financial report is made against the approved budget and contains
explanation for deviations exceeding 10%

Ø  Procurement activities are done in line with Yayasan’s procurement
rule and regulation

Auditor will perform
audit works in Jakarta, Bandung, and Kupang. Auditee will ensure supporting

documentations to be made available in those 3 areas.

b. Timeframe

• Submission of
  quotation:                               March
   24^th, 2016
• Selection
  process and winner app:              March 31^st,
  2016
• Commencement
  of work:                               April
  4^th, 2016
• 1^st
  Draft Report:                                                May
  2^nd, 2016
• Final Report:                                                      May
  13^th, 2016

c. Submission of Proposal

             Audit firm
must submit proposal to us by Thursday, March 24^th  2016, before 4 pm Jakarta time, to below
address:
Yayasan Sayangi Tunas Cilik


Attn.
Procurement Committee
Jl. Taman Margasatwa No. 26
C

Ragunan – Pasar minggu

Jakarta Selatan 12550

Phone: 021-781 2336, Fax: 021-781 2325
Or via email: procurement.indonesia@savethechildren.org

Recommended
maximum size: 2MB. Write the
subject: YSTC Audit Service – <your
company name>. The proposal must consist of two parts:
1. Narrative
part, which discloses information about the audit firm, past audit projects,
time schedule for this engagement, and partners’ CV and auditors’ CV who will
conduct this audit.

2. Financial
part, which discloses audit fee and other charges and terms of payment.
FURTHER INFORMATION
For
information regarding this engagement, please contact:
Yayasan Sayangi Tunas Cilik

Jl. Taman Margasatwa No. 26
C

Ragunan – Pasar minggu

Jakarta Selatan 12550
Phone: 021-781 2336, Fax: 021-781 2325