RFP for Single Audit for the Fiscal Year Ending December 31 2024, In Accordance with U.S. Department of State Requirements

Job title: RFP for Single Audit for the Fiscal Year Ending December 31 2024, In Accordance with U.S. Department of State Requirements

Company: Magenta FZE


Job description: REQUEST FOR PROPOSALSSingle Audit for the Fiscal Year Ending December31, 2024 In Accordance with U.S. Department ofState Requirements.To: Prospective BiddersFrom: MAGENTA FZERFP Reference Number: RFP-241024RFP Issue Date: 24/10/2024RFP Closing Date: 04/11/2024RFP Closing Time: 12PM GMT+3Solicitation POC Email: [email protected] CentreAl Shmookh BuildingUAQ Free Trade ZoneUmm Al QuwainUnited Arab Emirates21. Purpose of the ProcurementMAGENTA FZE (“MAGENTA” or “we” or “us”) is a commercial, for-profit entity with a missionto create a world where people are empowered to make the best choices for a safe, healthy,and prosperous life. As part of accomplishing its mission, MAGENTA delivers services tocertain governmental and not-for-profit organizations throughout the world. In connection withits mission-driven work, MAGENTA applied for and subsequently received multiple federalfinancial assistance awards from the United States Government (USG). For the year endingDecember 31, 2024, MAGENTA expects to exceed $750,000 in federal expenditures.Pursuant to the U.S. Department of State Standard Terms and Conditions for Federal Awards1(“the Standard Terms”), foreign based organizations that exceed $750,000 in federalexpenditures must have a Single Audit conducted in accordance with the Standard Terms.The Standard Terms are incorporated by reference into MAGENTA’s grant agreements.MAGENTA is seeking a qualified auditor to carry out either the complete Single Audit ofMAGENTA’s Fiscal Year 2024 financial statements and federal financial assistance awards inaccordance with the Standard Terms. The audit is required to be conducted in accordancewith Government Auditing Standards.2. Eligibility to Respond and Receive an AwardTo be eligible for consideration for an award resulting from this solicitation, respondents must pass all minimumqualifications included within the “Instructions for Submitting Proposals” section.3. QuestionsAll questions regarding this procurement shall be directed to the Solicitation Point of Contact (POC) in writing. Seethe solicitation cover page for the POC’s name and contact information. MAGENTA will respond to questions viaan amendment to this solicitation document, if necessary. No pre-proposal conference is planned or anticipated.4. Key DatesThe following table summarizes key dates within the proposal cycle. The dates may only be changed by theMAGENTA via a written modification to the solicitation.Task / Matter Target DateClarification Questions Deadline 31 October 2024Proposal Submission Deadline 04 November 2024Project Start Date 15 February 2025Audit Report Issuance and Submission Deadline 15 April 20255. ContractMAGENTA anticipates awarding a fixed fee contract for the full Single Audit (i.e., both the financial statement auditand the audit of federal expenditures).1 Version Effective October 21, 2020, accessible at: CentreAl Shmookh BuildingUAQ Free Trade ZoneUmm Al QuwainUnited Arab Emirates3MAGENTA reserves the right to, at its sole discretion, to cancel the procurement, reject all bids or proposals, and/orto issue no contracts or awards as a result of this process.6. Option PeriodsAt MAGENTA’s sole discretion, the agreementAPPENDIX A – STATEMENT OF WORK1. Scope of Work to Be Performeda. To meet the requirements of this solicitation, the audit shall be performed in accordance with GovernmentAuditing Standards and the United States Department of State Standard Terms and Conditions.b. Entrance Conference. Within seven (7) days of a contract with the successful audit firm being fullyexecuted, the audit firm shall schedule and lead an entrance conference to discuss the audit scope,timing of procedures, applicable milestone dates, specify by name all audit team members, identify andcommunicate the final list of deliverables as per the audit firm’s review of applicable audit guidance andrequirements, and communicate an initial list of documents needed from MAGENTA.c. The audit scope will include:

• Schedule of Expenditures of Federal Awards (SEFA)

▪ The audit firm must obtain and test the SEFA and the accompanying notes.▪ Determine whether the SEFA is stated fairly, in all material respects, in relation toMAGENTA’s financial statements as a whole.

• Internal Control

▪ The audit firm should obtain an understanding of MAGENTA and its controlenvironment, including its internal controls over financial reporting and internal controlover compliance with award terms and conditions.▪ Report any material weaknesses or significant deficiencies in internal control.

• Compliance

▪ The audit firm must identify the applicable compliance requirements.▪ Conduct tests to determine if MAGENTA complied, in all material respects, withapplicable compliance requirements.▪ Report on instances of material non-compliance.▪ Identify and report any identified instances of fraud, waste, or abuse.

• Follow-up on Prior Findings and Recommendations

▪ Obtain the Summary Schedule of Prior Findings▪ Review prior audit reports and recommendations, if and as applicable.▪ Assess which items require follow-up due to their potential impact on financial datasignificant to the audit objectives.▪ Evaluate whether appropriate corrective action was taken in response to previousfindings and recommendations.d. The audit firm shall issue an audit report consisting of the items, below, at minimum. It is the proposer’sresponsibility to identify any required revisions to the list below based on the proposer’s review of theapplicable audit requirements and guidance.Business CentreAl Shmookh BuildingUAQ Free Trade ZoneUmm Al QuwainUnited Arab Emirates10

• Independent auditor’s opinion(s) on the fair representation of the financial statements prepared

for the purpose of this audit engagement and on the schedule of federal assistance inconformity with the applicable accounting standards (IFRS).

• Auditor’s report on compliance with laws, regulations, and award terms and conditions.

• A schedule of findings and questioned costs.

• A report on the auditor’s internal controls finding and recommendations to resolve/eliminate the

internal control weaknesses noted.

• Any significant deficiencies and material weaknesses discovered shall be included in the

report(s) on internal control.

• Any deficiencies shall be discussed with the MAGENTA team orally or otherwise included

within a management letter.

• Follow up on prior audit findings as applicable.

• Reporting can be provided in electronic format.

e. Management Letter: Should the audit firm deem it necessary or applicable audit guidelines, rules, andregulations require it, the audit firm shall issue a management letter to MAGENTA’s leadership.f. Working papers should be retained by the audit firm for a minimum three years and make them availablefor examination by authorised representatives of the awarding agency, any Federal oversight agency andMAGENTA.g. An exit conference will be required consisting of key members of the audit team for both MAGENTA andthe audit firm. The exit conference can be held remotely.The audit firm shall also be responsible for assisting MAGENTA with completion of the Data Collection Form, ifrequired, and submission of the final reporting package to the applicable, appropriate parties.2. Details of Federal Awardsa. Summary of 2024 actual Federal expenditures as of 9/30/2024 and projectedexpenditures as of 12/31/2024Award No. Project Title AssistanceListing No.XPDTRS asof 9/30ProjectedXPDTRS asof12/314028000-MFZ1-03072023The Tunisia civilsociety Activity197,689.50 USD 346,269.50 USDBusiness CentreAl Shmookh BuildingUAQ Free Trade ZoneUmm Al QuwainUnited Arab Emirates11SAQMIP23GR0288 DRL Mexico –TFGBV(TechnologyFacilitatedGender BasedViolence)19.345 432,194.70 USD 748,541.7 USDSAQMIP22GR0362 DRL Iraq –TFGBV(TechnologyFacilitatedGender BasedViolence)19.345 325,032.45 USD Grant endedSNEAAC22GR0054 US NEA – StratComms supportGoJ19.600 259,657.60 USD 305,897.60 USDTOTALSb. Additional relevant information (i.e., funding agency, location of records, and budget-to-actual)

Expected salary:

Location: Umm al-Quwain

Job date: Sat, 26 Oct 2024 22:47:30 GMT

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