Request for Proposals (RFP) IPSAS Adoption, Conversion and Implementation Service

Background

Water Witness International is a registered charity under FDRE charity and society Agency (Reg.# 5137) which works to improve water resource management in developing countries to support poverty reduction, and equitable and environmentally sustainable development. Our key focus areas are greater accountability for improved institutional performance, and research, analysis and development of appropriate solutions.

In reference to Financial Reporting Proclamation # 847/2014 and the establishment and determination of the procedure of the Accounting and Auditing Board of Ethiopia Regulation # 332/2014, Water Witness International would like to invite potential candidates for the full adoption and implantation of International Public Sector Accounting Standards (IPSAS). The Adoption of IPSAS will improve Consistency and comparability of Financial Reports, improve internal controls and provide more comprehensive financial information costs that support results-based management.

Objective of the project:

Water Witness International aims to apply the Adoption, Conversion and Implementation of International public sector Auditing Standard (IPSAS) to enhance relevance, reliability and comparability of financial statements to meet the government requirements and international standards.

Scope of Work and Key Deliverables:

• Provide on-the-job training and Equip Water Witness International Finance team with sound understanding, Knowledge and required skills for application of each standard when preparing IPSAS compliant financial statements.
• Adopt IPSAS standards that are being applied in preparation of financial statements & Prepare IPSAS based annual financial statements for FY 2024.
• Support implementation of accrual basis IPSAS in preparing the annual financial statements of Water
• Witness International Ethiopia by providing required technical assistance, detail gap analysis, develop roadmap for accrual basis IPSAS implementation.
• Analyze all relevant aspects – capacity, policies, procedures, regulatory, information system/ software etc. including review of existing chart of accounts and alignment with IPSAS adoption and provide recommendations.
• Review existing Accounting & Finance policies and update considering all IPSAS Standards.
• Developing Standard Operating Procedures (SOP) Manuals, Checklists and schedules as required to guide IPSAS implementation.

Applicants are also requested to submit a relevant writing sample from a prior assessment or research activity and written recommendation from other organizations. The deadline for submission is July 15, 2025.

Terms and Conditions

Water Witness International reserves the right to reject any and all bids received in response to this solicitation and is in no way bound to accept any proposal. Information provided by Water Witness International as part of this solicitation must be treated as confidential. If any information is inappropriately released, Water Witness International will seek appropriate remedies as allowed. Likewise, proposals, discussions, and all information received by Water Witness International in response to this solicitation will be held as strictly confidential.

Applicants must disclose any actual or potential conflicts of interest. Conflicts of interest may be present if there is a personal relationship with a Water Witness International staff member that constitutes a significant financial interest, board memberships, or other employment. Contacting third parties involved in the project, the review panel, or any other party may be considered a conflict of interest and may result in disqualification of the proposal.

Acceptance of a proposal does not imply acceptance of its terms and conditions. Water Witness International reserves the option to negotiate on the final terms and conditions; we reserve the right to negotiate the substance of the finalists’ proposals, as well as the option of accepting partial components of a proposal, if appropriate.

Proposal Requirements:

Applicants are invited to submit a proposal that includes a technical narrative and budget for the full scope of work (maximum five pages). Please include the following:

• Proposed methodology.
  • Proposed work plan
  • Detailed budget breakdown
• Profile of relevant qualifications of key personnel
  • Profile of relevant experience and related work
  • Biographies of proposed consulting team members
  • The consulting firm should have experience and certified for competency from accounting, and Auditing Board of Ethiopia (AABE) to provide accounting and Auditing service.
  • Legally Eligible to undertake the project (i.e. Business license, ToT/VAT, TIN, etc)