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Financial Compliance Assessment at TechnoServe Kenya

JobWebKenya

Accounting, Auditing & Finance

KES Confidential
2 weeks ago

Job Summary

 

Job Description/Requirements

Job Description

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TechnoServe works with enterprising people in the developing world to build competitive farms, businesses, and industries. We are a nonprofit organization that develops business solutions to poverty by linking people to information, capital, and markets. With more than four decades of proven results, we believe in the power of private enterprise to transform lives.

Project Objectives:

Create a more competitive food processing sector that generates inclusive economic growth in Ethiopia, Kenya, Tanzania, and Zambia. Core activities include: Building the capacity of food processors to become more competitive through one-on one technical assistance and sector wide training;Working with processors committed to improving SHF sourcing schemes and reaching BOP markets, andBringing together financial institutions to help broaden financing options for the sector.

Background:

Cooperative Agreement AA18CA signed March 14th, and funded by USAID has been implemented in four countries for the past five years. The project was extended to end next March . In preparation for the close out of the project, it has been identified the need to complete a compliance financial assessment for the period of March - December to review the project’s financial records for this period and obtain an independent opinion about the finance compliance status of the project.

Purpose:

The assessment has three primary purposes; examine and determine whether the project financial records are consistent with generally accepted accounting principles, in compliance with TechnoServe’s internal controls and applicable donor’s requirements, including but not limited to costs allowability, allocability and reasonableness as per applicable provisions of the award agreement. The assessment should provide an opinion about the compliance status with requirements such as financial reporting requirements, reporting host government taxes, travel costs – including compliance with Fly America Act, compliance with direct and indirect allocation and with restriction for the use of funds as applicable. Additionally, the assessment should provide assurance that the project’s financial statements are free of misrepresentation and an independent opinion about the compliance financial status of the project.

Assessment:

The assessment should cover the following:

Compliance with the terms and conditions of the award agreement. Financial Reporting requirements. Specific cost principles of the award agreements. 2 CFR and 2 CFR . Source and Nationality. Travel Costs principles. Fly America Act Restrictions. Reporting Host Government Taxes.

Compliance with TechnoServe’s financial policies and guidelines as well as with local
applicable laws and regulations.

Procurement policy and guidelines. Assets management policy and processes. Cash management. Supporting document for accounting transactions. Advances and reconciliations. Travel costs expenses/reimbursement. Any other applicable local law and regulation.

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