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TOR for External Audit of Pangea Uganda Financial Statements – Pangea Educational Development


Consultancy Title:   Terms of Reference For External Audit of Pangea Uganda  Financial Statements    

Organisation: Pangea Educational Development

Duty Station:  Kampala, Uganda


1.0. About Pangea

Pangea Educational Development (registered in Uganda as Pangea Publishing Uganda, NGO Registration number 6785) is a nonprofit organization on a mission to help children learn to read and inspire them to read more often. We do this by:

  • Building a world of books that every child can see themselves in
  • Equipping every teacher with skills and strategies to support every learner to read.
  • Finding innovative ways to help every learner to read so they can write their own future.


We are a community of changemakers mixed with staff, volunteers, and community champions. Each member of our community is working towards realizing our mission by dedicating their time and skills through a wholehearted commitment to it. As a result, we are equally dedicated to those who work with us.


2.0. The External Audit

To improve our internal financial systems and processes, Pangea invites proposals from suitably qualified and competent registered auditors with a high level of knowledge and understanding of the Non-Governmental Organisation (NGO) sector and accounts to conduct an audit of annual financial statements for the period ending 31st December 2022. The proposal should include the following:

  1. Firm details

Structure, size, capacity, and expertise in the sector.

  1. NGO clients

A general description of the firm’s NGO clients (sectors of operation, size, etc.) and two contacts from whom references may be sought should Pangea choose your firm.


  1. Staff details

Staff details, including information relating to the partner and manager who will be assigned to the audit, including details of relevant skills and qualifications.


3.3. Audit approach

How the firm will;

  1. Determine audit strategy and undertake audit planning.
  2. Liaise with Trustees and staff members before, during, and after the audit.
  3. Address matters of audit scope and materiality.
  4. Identify and respond to critical audit issues.
  5. Control and coordinate the audit process.
  6. Ensure appropriate responsibility for decisions on the audit.
  7. Conduct the reporting arrangements (including the provision of final hard and soft copies of relevant documents).


4.0. Audit  Duration:

Due to the urgency, Pangea expects the audit work (including the final report) to be completed within a maximum of three weeks from the date of commencement. The firm should highlight the proposed timeline for completing the assignment within its proposal.


5.0. Fees

A breakdown of the proposed fees, including estimates to cover the following:

  • Audit of the annual financial statement for Pangea – Uganda office for the financial year ending 31st December 2022.
  • Advice and assistance directly related to the external audit.
  • Fees (if any) for any exceptional additional work not covered above and directly related to the external audit.

The fee proposal should include the following:

  • An analysis of hours by grade of staff involved in the audit and details of hourly charge-out rates.
  • The basis of charging expenses.
  • The proposed billing schedule


Pangea has a limited budget for this assignment, and thus, strict consideration of value for Money will be applied when assessing the proposals.


6.0.  Client list and references

The firms should provide a list of clients for whom they have provided audit services. Preference will be given to companies with demonstrable experience in providing accounting and audit services for small to medium (I)NGOs. Pangea reserves the right to contact existing clients for references regarding the firm’s work and approach.


How to Apply: Proposal submission process

The closing date for submitting proposals is 12th May 2023 at 5:00 PM EAT. Tenders must be submitted via e-mail:



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