Project audit · Development partners
Project implementation units, ministries, agencies, state-owned enterprises, NGOs and regional organisations: MGI BFC audits the financial statements of projects financed by the World Bank, the African Development Bank, the European Union, AFD, GIZ and United Nations agencies, under each donor's terms of reference, in English and French. Registered with the Tunisian Order of Chartered Accountants, member of MGI Worldwide, present in Senegal, Benin and Togo.
Annual audit of the project financial statements under International Standards on Auditing (ISA) and the donor's requirements: opinion on the financial statements, review of statements of expenditure and withdrawal applications, designated account, eligibility of expenditure and compliance with the financing agreement.
Expenditure verification engagements under the European Commission's terms of reference (agreed-upon procedures, report of factual findings) for grants, service contracts and financing agreements; reports in English or French in the required formats.
Grant and project audits for AFD, GIZ, KfW, Swiss, Italian or Belgian cooperation; micro-assessments and spot checks under the UN harmonised approach to cash transfers (HACT); audits of implementing partners.
Assessment of the project's financial management and accounting arrangements (procedures manual, software, internal control, procurement, asset management), recommendations and action plan; support to align with the donor's procedures.
Management letter on weaknesses identified, management responses, follow-up of prior-year recommendations; support to PIUs in preparing for the audit and closing open points.
Project closing audits, certification of expenditure, audit of counterpart funds, financial reviews requested by the donor or the steering committee, in Tunisia and in the firm's other countries of presence.
1. Scoping. Review of the financing agreement, procedures manual and donor's terms of reference; audit plan and timetable shared with the PIU and, where needed, the donor.
2. Fieldwork. Tests of expenditure and eligibility, procurement, designated account and statements of expenditure, project assets, supporting documents, compliance with procedures; English- and French-speaking teams.
3. Reporting. Audit opinion, report on the financial statements, management letter with management responses, in the formats and deadlines required by the donor, in English and French.
4. Follow-up. Presentation to the steering committee, follow-up of recommendations, partner available throughout the year.
Office: Golden Tower Building B8.2, Centre Urbain Nord, 1082 Tunis. We work throughout Tunisia and remotely.
An independent audit firm registered with the Tunisian Order of Chartered Accountants, selected by the borrower under the donor's procurement procedures (tender or request for proposals) and acceptable to the donor. MGI BFC regularly responds to such consultations and can provide its references.
A project audit results in an auditor's opinion on the project financial statements (ISA). An expenditure verification, common for European Union grants, is an agreed-upon procedures engagement: the auditor performs the procedures set out in the terms of reference and reports factual findings, without expressing an opinion.
The financing agreement usually sets a deadline after the end of the financial year (often six months for World Bank projects). We plan the work so that the PIU receives the report well before the deadline, since delays can suspend disbursements.
Yes. The firm is present in Senegal, Benin and Togo and relies on the MGI Worldwide network elsewhere in Africa; we run multi-country engagements coordinated from Tunis.
Send us the terms of reference (or describe the project: donor, amount, duration, countries) through our request-for-proposal form; a partner answers within 24 hours.
Our other practices : Accounting firm in Tunisia · Audit firm in Tunisia · Tax advisor in Tunisia · Transfer pricing · Payroll outsourcing · Transaction advisory (TAS) · Outsourcing to Tunisia · Request a proposal.