Tender Announcement No. 13 for the Selection of a Provider of Financial Audit Services for the Organization for 2022–2024
Charitable Organization “Charitable Foundation ‘Revival Source’” (hereinafter – CO “CF ‘Revival Source’”) announces a tender to select a provider of independent financial audit services for the organization’s activities for 2022–2024.
The purpose of the audit is to confirm the reliability of financial statements, assess the efficiency of resource use, and provide recommendations for improving the organization’s financial management. As a result of the audit, an audit opinion and recommendation report must be prepared. The final report will be published on the organization’s official website https://cfsr.org.ua/.
The request for quotations has been initiated for the project “Path to Resilience,” implemented by CO “CF ‘Revival Source’” within the project “Phoenix: Strength of Communities,” carried out by the East Europe Foundation with support from the European Union.
Proposal submission period:from October 21, 2025 to November 05, 2025 (inclusive).
- 1. Express an independent audit opinion on whether the general-purpose financial statements (Balance Sheet, Statement of Financial Results) fairly present in all material respects the Organization’s financial position as of December 31, 2024, as well as changes in its assets and operating results for 2022–2024 in accordance with National Accounting Standards.
- 2. Assess control risks and identify material deficiencies, including significant financial weaknesses within audit procedures necessary to form an audit opinion; provide summarized conclusions regarding the state of internal controls in the Organization.
- 3. Verify compliance by the Organization with Ukrainian tax legislation and other regulatory acts governing its activities.
- Conducting a financial audit in accordance with the legislation of Ukraine;
- Review of financial statements, accounting records, compliance with tax and charity legislation; analysis of targeted use of funds;
- Preparation of an audit opinion and recommendations;
- Control of targeted use of funds in accordance with donor requirements and internal standards;
- Availability of a license for audit activities;
- Experience working with non-profit organizations or charitable foundations will be an advantage;
- Reporting must contain details of audit methodology and scope used during the audit;
- Preparation of a final audit report with findings and recommendations;
- Reporting must confirm that the audit was conducted in accordance with International Standards on Auditing (IAASB) by a qualified auditor;
- The independent auditor’s report must indicate the auditing standard applied (e.g. ISA 700/800/805);
- The report must include a cover page, the name of the audit firm, and the signature of the responsible auditor;
- Audit reports and management letter shall be submitted in Ukrainian and English in printed and electronic (PDF) formats.
- tender proposal in UAH (with or without VAT depending on participant status), indicating hourly rate, total amount, and contact details of the responsible person;
- proposal prepared on company/entrepreneur letterhead (if available), signed by an authorized representative and stamped (if available);
- brief company information (experience, certification, clients);
- copy of certificate or document confirming inclusion in the register of audit entities;
- reference letters (if available);
- copy of extract from the Unified State Register of Legal Entities and Individual Entrepreneurs;
- for sole proprietors under the simplified tax system – copy of extract from the Single Tax Payers Register.
The request for proposals is open to all legally registered companies able to provide the specified services.
- expenses related to preparing and submitting the proposal shall not be reimbursed, including in case of cancellation or if the tender is declared unsuccessful;
- the cost of proposal preparation shall not be included in the tender price;
- the participant bears full responsibility for preparing the proposal and determining prices in accordance with applicable legislation.
- availability of relevant certificates, licenses, and official accreditation;
- audit conducted in accordance with International Standards on Auditing (ISA) approved by IAASB;
- experience working with NGOs; preference given to companies experienced with charitable or non-profit organizations;
- company reputation: client feedback, professional memberships, prior audit experience;
- cost of services;
- service delivery timeframe;
- compliance of the price proposal with this tender announcement;
- the tender proposal must remain valid for thirty (30) calendar days from the submission deadline.
Selection of participants will be based on compliance with criteria, experience, proposed price, and methodology. The organizer reserves the right to reject proposals that do not meet the stated requirements.
Proposals (document package) should be sent to info@cfsrua.com by November 05, 2025 inclusive. The email subject line must state: “Your Organization Name_Price Proposal for Financial Audit Services_Tender No.13”.
If you have any questions, you may contact Serhii Zhuk via email info@cfsrua.com.
Tender results will be published on the organization’s official website in the TENDERS section after evaluation of proposals.