
TERMS OF REFERENCE for the selection of an audit company to perform the financial audit of the project
„Think, Act, Lead: Empowering Rural Youth for Democratic Participation and Media Literacy in Moldova”
|
Organisation |
A.O. „CONCORDIA. PROIECTE SOCIALE” |
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Project |
„Think, Act, Lead: Empowering Rural Youth for Democratic Participation and Media Literacy in Moldova” |
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Period to be audited |
01.05.2026 – 31.12.2026 (final project audit) |
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Submission deadline |
19 October 2026, 16:00 local time |
INTRODUCTION
A.O. „CONCORDIA. Proiecte Sociale” announces a tender for the selection of an audit company to carry out the final financial audit of the project „Think, Act, Lead: Empowering Rural Youth for Democratic Participation and Media Literacy in Moldova”, implemented from 01.05.2026 to 31.12.2026 with the financial support of the German Federal Foreign Office (GFFO) and Kindernothilfe e.V. (KNH, Germany).
The selected company will provide the services in accordance with these Terms of Reference, the donor’s Terms of Reference for audits of GFFO grant-funded projects (Annex 4a – mandatory) and the audit contract, which will be concluded according to the template required by the donor (“Contract for the Performance of Project Audits”, Annex 4b to the Project Agreement between KNH and CONCORDIA Moldova).
GENERAL FRAMEWORK
Public Association „CONCORDIA. PROIECTE SICIALE” (hereinafter CONCORDIA Moldova) is an independent non-governmental organisation founded in the Republic of Moldova in 2004, dedicated to supporting children, young people, families and elderly persons in difficult situations to lead an independent and responsible life. CONCORDIA Moldova provides daily help and support through 38 services in 32 localities, reaching more than 14,000 unique beneficiaries every year.
The project aims to empower 80 young people in difficult situations (aged 15–25) from the rural localities of Dubăsarii Vechi (Criuleni district), Congaz (ATU Gagauzia) and Lăpușna (Hâncești district), as well as the members of the Youth Council, to become active, informed and resilient democratic citizens. Through non-formal education, young people acquire civic, critical thinking and media literacy skills.
The project is structured in three clusters of activities:
Key financial data of the project
|
Indicator |
Value |
|
Project duration (eligibility period of expenditure) |
01.05.2026 – 31.12.2026 |
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Total project budget (maximum |
53,498,36 EUR |
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Main budget lines |
Staff; Goods and services; Quality Management and Capacity Development; Other Expenses |
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Number of audit periods |
One – final project audit for 01.05.2026 – 31.12.2026 |
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Estimated number of project transactions |
approx. 170 |
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Number of employees involved in the project |
10 |
OBJECTIVE AND TYPE OF THE AUDIT ENGAGEMENT / OBIECTUL ȘI TIPUL MISIUNII DE AUDIT
The engagement consists of the final financial audit of the project for the period 01.05.2026 – 31.12.2026, performed as an agreed-upon procedures engagement in accordance with ISRS 4400 (Revised) and the IESBA Code of Ethics, resulting in a report of factual findings and a Management Letter.
The objective is to verify that the expenditure claimed by CONCORDIA Moldova in the final financial report and voucher list has occurred (reality), is accurate and is eligible, i.e. has been incurred in accordance with the terms and conditions of the Project Agreement with KNH and its annexes.
The procedures to be performed, the donor requirements, the classification of findings and the mandatory structure of the audit report are set out in Annex 4a “Terms of Reference (TOR) for performing audits of financial reports of projects that are grant-funded by the German Federal Foreign Office (GFFO)”. Annex 4a is mandatory, forms an integral part of these Terms of Reference and of the audit contract and must be fully complied with by the auditor.
The Auditor is responsible to verify:
WORK PLAN / PLANUL DE ACTIVITATE
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Activity |
Until |
Responsible |
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Submission of the offer (cover letter, technical and financial offer) |
19.10.2026 |
Bidders |
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Evaluation of offers, selection and written consent of KNH |
30.10.2026 |
CONCORDIA Moldova, KNH |
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Signed contract between the auditor and CONCORDIA Moldova (Annex 4b template) |
16.11.2026 |
CONCORDIA Moldova, auditor |
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Provision of the final financial report, voucher list, staff & salary table, inventory list and procurement list |
29.01.2027 |
CONCORDIA Moldova |
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Audit plan and list of required documents, physical checks and locations to be visited |
02.02.2027 |
Selected company |
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Audit fieldwork at CONCORDIA Moldova office (period 01.05.2026 – 31.12.2026) |
05.02.2027 – 18.02.2027 |
Selected company |
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The first draft of the audit report. |
25.02.2027 |
Selected company |
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Feedback from CONCORDIA Moldova |
02.03.2027 |
CONCORDIA Moldova |
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Finalisation and transmission of the final audit report, Management Letter and Management Response |
15.03.2027 |
Selected company |
REPORTING
The audit report (report of factual findings) shall be prepared in English and Romanian, follow the mandatory structure of Annex 4a, and be checked and signed by the responsible auditor authorised to represent the audit company.
The report shall include: report recipients, audit objective, project description, standards and ethics applied, documents consulted, detailed presentation of procedures and findings (classified by risk/impact and probable cause), the Statement of Application of Funds, budget deviations above 20%, material findings and the Final Audit Certificate with the required wording.
Mandatory annexes: Terms of Reference (Annex 4a), verified financial report, voucher list, staff & salary table, inventory list.
The auditor shall also prepare a Management Letter with immaterial findings and recommendations, obtain the Management Response of CONCORDIA Moldova and attach both to the report.
The final report and Management Letter shall be delivered in 3 (three) signed original copies in English and 2 (two) signed original copies in Romanian and as well as in electronic format (signed PDF and editable financial tables).
After the fieldwork, the auditor shall hold a closing meeting with the management, the project coordinator and the accounting staff of CONCORDIA Moldova to discuss the results, deficiencies and recommendations.
PLACE OF THE AUDIT AND ACCESS TO DOCUMENTS
The audit shall be carried out at the administrative office of A.O. CONCORDIA Moldova, mun. Chișinău, str. Anatol Corobceanu 13/1, MD-2004. CONCORDIA Moldova will provide the necessary support and working space for the audit team.
Important note: In accordance with the internal procedures regarding the processing of information with limited accessibility , CONCORDIA Moldova will provide access to the primary documents necessary for the audit on paper (originals) and in electronic format (access to the accounting software), at the headquarters, using the devices made available by the Organization, to be examined without the possibility of copying them to external media. The audit company shall comply with the requirements of the Personal Data Protection Policy.
AUDITOR REQUIREMENTS
Professional qualification – at least one of the following conditions must be met:
In addition, the Auditor shall:
SUBMISSION OF OFFERS
Closing date and time
All offers in response to these ToR must be received no later than 16:00 (local time), 19 October 2026, with the mention “Audit – Think, Act, Lead / name of the bidder”. Offers may be submitted:
Components of the offer
A. Mandatory forms (attached to these ToR):
Content of the offer:
|
No. |
Criteria |
Score |
|
1 |
Expertise and competences of the company: |
30 points |
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2 |
Previous experience: Experience in auditing projects funded by international organisations, in particular German donors (max. 20 points) |
20 points |
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3 |
Most advantageous financial offer (max. 50 points) |
50 points |
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Total |
100 points |
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Selection of candidates
Offers will be evaluated by the evaluation committee of CONCORDIA Moldova, based on the criteria described above. Offers that do not include all mandatory documents may be disqualified. The applicant that obtains the highest score will be invited to negotiate and sign the contract.
CONCORDIA Moldova reserves the right to request additional documents or clarifications during the evaluation and to invite short-listed applicants to make oral presentations, which will be evaluated based on the same criteria.
QUESTIONS, CLARIFICATIONS AND SUBMISSION / ÎNTREBĂRI, CLARIFICĂRI ȘI DEPUNEREA OFERTELOR
Questions or requests for clarification regarding these Terms of Reference shall be sent in writing by e-mail to galina.bujor@concordia.md or olesea.bulgac@concordia.md until 15.10.2026.
GENERAL CONDITIONS
Assessment disclosure and cost responsibility. CONCORDIA Moldova is not obliged to disclose to applicants how offers are assessed or to provide information about the selection process. Applicants bear all costs related to the preparation and submission of their offers, including costs of demonstrations, meetings and negotiations.
Not a contract. These ToR do not constitute a contract or commitment. Submitting an offer does not oblige CONCORDIA Moldova to award a contract, nor to cover any costs incurred in preparing the offer. CONCORDIA Moldova reserves the right to cancel or suspend the selection procedure, in whole or in part, and to reject all offers at any time before the award of the contract, without any liability towards the applicants.
Validity of offers. Offers must remain valid for at least 45 days from the submission deadline.
Confidentiality and personal data protection. Personal data of applicants and their representatives will be processed in accordance with Law No. 133/2011 on the protection of personal data, exclusively for the purpose of evaluating offers and awarding the contract. By submitting an offer, applicants consent to the processing of their personal data for these purposes. The Auditor shall keep confidential all information obtained during the engagement.