MAMTA - Health Institute for Mother and Child (MAMTA-HIMC) is an internationally recognized non-governmental organization, established in New Delhi in December 1990. The organization is committed to integrated health and development issues in the context of poverty, gender, and rights, following a life cycle approach. Since thirty-three years of its inception, MAMTA has grown into an established institute for program implementation, advocacy, training, and research, and it acts as a think tank at various national and international levels. The organization's average receipts are INR. 60 CR

About the Proposal

We are looking for Audit Firms or individuals with vast experience in the Internal Audit of Not-for-Profit Organizations.

Objectives - The overall objectives of the internal audit are:

• To ascertain compliance of the laid down policies, financial norms, guidelines and manuals of the organization and the MOUs / Agreements / Contract with the Donor organization.
• To express an independent professional opinion with regard to efficiency, effectiveness and economy of the program/finance operations.
• To ascertain and evaluate the adequacy and effectiveness of the financial management and internal control framework.
• To identifying areas for improvement and critical weaknesses, if any.
• To provide Project management with timely information and recommendations on financial management aspects of the project to enable timely corrective actions, as necessary.

Coverage

• The internal audit will be performed on a quarterly basis. The first audit will cover financial year 2023 – 24.
• The audit will also include a physical verification of the assets / equipment / supplies procured under the project and located in the above units.

Scope of Work

The internal audit should be carried out in accordance with the International Standards on Auditing (ISA) published by the International Federation of Accounts and should include such tests and controls, as necessary for performance of the audit.

The scope of the assignment will be comprehensive and will cover the project activities The responsibilities of the internal auditor includes reporting on the adequacy of internal controls, the accuracy and propriety of transactions, the extent to which assets are accounted for and safeguarded, and the level of compliance with all Statutory requirements for Not for Profit Organizations.

This scope will include the all compliances focus on FCRA.

How to Apply

Interested Audit Firms/individuals are requested to submit their technical proposals with quotations by June 15, 2024, through email to rfp@mamtahimc.in. Mention “INTERNAL AUDIT <NAME OF THE FIRM> in the subject of the email.