Summary
Date Posted: Tuesday, December 28, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
To conduct statutory audit in accordance with international Financial reporting standards and comply with Companies Act. The Audit will be performed so as to obtain a reasonable assurance that the accounts are free from material misstatement. The audit should include examination, on a test basis of evidence and disclosure in the accounts. It should include an assessment of significant estimates and judgements made by the directors in the preparations of the accounts and whether the accounting policies are; appropriate in the Company’s circumstances, consistently applied and adequately disclosed.

Objective and Scope of Work
• The successful bidder will provide an external audit service, advisory and consultative services (preventive and supportive) and audit review on Risk management, Internal controls, Information system and business continuity. The scope of work to include but not limited to the following.
• To conduct annual review of financial statement for the year ending 31st December 2021 in accordance with international standards on auditing (ISA) and any relevant regulation issued by regulators;
• To conduct review on compliance of Microfinance Act and its regulations.
• Express an independent and professional opinion explaining if the Makazi Bora Finance Limited financial statements present fair view in all items;
• To issue the audit report to management.
• Ensure timely and proper reporting of any deficiency found during audit and certification of financial statement for the year ending 31st December 2021.
• Ensure proper communication with management and board of directors.
• To issue management letter for annual audit engagement.
• Review the effectiveness and efficiency of the financial and human resource management process.
• Appraising the effectiveness and efficiency with which resources are employed and identifying opportunities to improve operating performance.
• Review the reliability and integrity of financial and operating information and the means used to identify measure, classify and report such information.
• Review the systems established by management to ensure compliance with those policies, laws, regulations and controls that could have a significant impact on operations and determine whether the organization is in compliance with its financial, administrative and property management procedures and other relevant legislation that governs the organization.
• Ensure that the organization adheres to the corporate governance requirements as prescribed in the organization’s internal rules and regulations.
• Reviewing operations to ascertain whether the results are consistent with established objectives or goals and whether the operations are being carried out as planned.

Education Requirement: No Requirements

Job Experience: No Requirements

Work Hours: 8

Job application procedure
Interested applicants should send their applications with their respective CVs with both Technical and Financial Proposals to:
The Board Chairperson,
Makazi Bora Finance Limited,
P O. Box 31451,
Dar Es Salaam
Email: mbfl@makazibora.co.tz 

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