TENDER ANNOUNCEMENT

Reference No: NCO/0562/26

Natanim Charitable Organization (NCO) invites qualified and interested audit firms to submit sealed quotations for conducting financial audit of the organization’s three bank accounts for the fiscal year 2026, for government, donor, and Board reporting purposes.

Natanim Charitable Organization (NCO) is a civil society organization established on April 5, 2023, focusing on charitable and humanitarian interventions in the field of mental health, disability inclusion and psychosocial support. The organization is registered under the Ethiopian Civil Society Organizations Proclamation No. 1113/2019, with Registry Number 6792.

The audit will encompass three bank accounts: one account at Awash Bank and two accounts at Bank of Abyssinia. The accounts collectively manage financial transactions below ETB 58,000,000, and all financial records are organized into Twenty Two (22) box files.

Audit Outputs

The selected audit firm will be required to prepare the following reports:

1. Donor Reports

• One combined audit report and
• One separate audit report covering the two accounts at Bank of Abyssinia
• Reporting period: January 1, 2026 – December 31, 2026

2. Government Report

• One comprehensive audit report covering all three accounts (Awash Bank and Bank of Abyssinia)
• Reporting period: January 1, 2026 – December 31, 2026

All reports will be submitted to NCO’s Board of Directors, donors, and the Ethiopian Civil Society Agency.

Scope of Work

The audit firm shall conduct both financial audit, covering but not limited to the following areas:

A. Financial Audit

1. Verification of the accuracy, completeness, and reliability of financial records.
2. Assessment of compliance with:
   • Donor agreements and contracts
   • Government laws and regulations
   • NCO’s internal financial policies and procedures
3. Evaluation of financial management systems, internal controls, and accounting practices.
4. Preparation of audited financial statements in accordance with applicable auditing standards.

C. Reporting

• Preparation of:
  • Statutory audit reports
  • Donor-specific audit reports
  • A management letter highlighting key findings, risks, gaps, and practical recommendations for improvement.

Eligibility Requirements

Interested audit firms must meet the following criteria:

• International Standards:
  • Be an international audit firm based in Ethiopia or a local firm formally partnered with an international audit firm.
• Registration:
  • Hold valid registration with the Accounting and Auditing Board of Ethiopia (AABE).
• Experience:
  • Minimum of five (5) years’ experience auditing NGOs or similar civil society organizations.
• Documentation:
  • Valid and renewed trade license
  • TIN certificate
  • VAT or TOT registration certificate
• References:
  • Recommendation letters from similar organizations previously audited.
• Proposal Validity:
  • Proposals must remain valid for 60 days after the submission deadline.

Submission Requirements

1. Technical Proposal

• Detailed audit methodology and approach (financial audit).
• Team composition, qualifications, and relevant experience.
• Proposed audit timeline and work plan.

2. Financial Proposal

• Detailed cost breakdown, quoted in Ethiopian Birr (ETB).

All proposals must be sealed, stamped, and clearly labeled with Reference No: NCO/0562/26.

Bid Collection and Submission

• Collection Period: November 5, 2026 – November 20, 2026 (during working hours)
• Submission Deadline: November 30, 2026, before 5:30 PM

Address for Collection and Submission
Natanim Charitable Organization
Ethiopia, Addis Ababa City
Nifas Silk Lafto Sub City, District 02,
Around Kore Square

Phone: 0993095230 / 0993252797 / 0945482424

Email:
Fikirte@natanimethiopia.org/ fikir74@gmail.com
Mulu@natnaimethiopia.org/ muluyibark@gmail.com
Tsedenya@natanimethiopia.org/ gtsedeniya@gmail.com

Special Conditions

• All prices must be quoted in Ethiopian Birr (ETB).
• Late submissions will not be accepted.

Natanim Charitable Organization (NCO)