Nov 8, Practical Action Project Expenditure Verification Jobs in Kenya

About Us

Practical Action is an international development organization putting ingenious ideas to work so that people in poverty can change their world.

We help people find solutions to some of the world’s toughest problems. Challenges made worse by catastrophic climate change and persistent gender inequality.

We work with communities to develop ingenious, lasting and locally owned solutions for agriculture, water and waste management, climate resilience and clean energy. And we share what works with others, so answers that start small can grow big.

Background

Practical Action is implementing a five-year grant from one of its partners, carrying out activities aimed at promoting resilient agriculture among young people in nine counties of Western Kenya. As Year One draws to a close, Practical Action is keen to ensure that all spending and activities are aligned to the approved workplans and budget and the donor requirements.

To ensure comprehensive scrutiny and address any issues, we seek an independent consultant to conduct an expenditure verification exercise in accordance with the revised ISRS 4400. The expenditure areas include staff costs, training payments, transport allowances, consultancy payments, equipment purchases, operational support costs, and any other costs incurred in this program.

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

How to Apply

Interested independent consultants that have the capacity to deliver this TOR are invited to submit a complete proposal to [email protected] with subject line “Project Expenditure Verification” to reach Practical Action on or before 10th November 2023. All information/data given will be in the strictest confidence and will only be used for recruitment purposes

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