Job Information
External Auditors Job at Kilembe Investments Ltd (K.I.L) - Career Opportunity in Uganda
Overview
Job Category: Accounting/ Finance
Job Type: Full-Time
Deadline of this Job: 25 January 2021
Duty Station: Kasese
Posted: 12-01-2021
Requirements
Job Status
No of Jobs: 1
Start Publishing: 12-01-2021
Stop Publishing (Put date of 2030): 12-01-2065
Job Description

Vacancy title:
External Auditors

[ Type: FULL TIME , Industry: Consulting , Category: Accounting & Finance ]

Jobs at:

Kilembe Investments Ltd (K.I.L)

Deadline of this Job:
25 January 2021  

Duty Station:
Within Uganda , Kasese , East Africa

Summary
Date Posted: Tuesday, January 12, 2021 , Base Salary: Not Disclosed


JOB DETAILS:
Advert for External Auditors
Background
Kilembe Investments Limited (K.I.L) is a Public Liability Limited Company Licensed by Electricity Regulatory Authority (ERA) for the Distribution and Sale of electricity to the rural areas of Kasese, Rubirizi, Mitooma, Buhweju, Bushenyi and Sheema. The company now wishes to call for expression of interest for the services of an external audit firm.
Scope of the Assignment:
The audit will be conducted in accordance with ISA as published by the International Auditing and Assurance Standards Board of the International Federation of Accountants (IFAC), with special reference to ISA 800 (Auditor's Report on Special Purpose Audit Engagements). The audit for financial the year may involve a visit to our selling points and branches. .

In conducting the audit, special attention shall be paid to the following:
• Funds have been used in accordance with the relevant general conditions, relevant financing agreements, with due attention to economy and efficiency, and only for the purposes for which the financing was provided;
• Goods and services financed have been procured in accordance with the relevant general conditions and relevant financing agreements and procurement processes and that there is value for money.
• Necessary supporting documents, records, and accounts have been kept in respect of all company ventures including expenditures Summary Reports.
• The accounting records have been prepared in accordance with generally accepted accounting principles and practices, and give a true and fair view of the financial position of the company as at financial year-end and of the resources and expenditures for the fiscal year then ending
• Review the compliance on each of the financial covenants to ensure compliance for the conditions under which the funds were released.


Audit Reports
The auditors will issue an audit opinion on Kilembe Investments Ltd's Financial Statements. In addition to the audit opinion, the auditor will prepare a "management letter," in which the auditor will:
• Give comments and observations on the accounting records, systems, and controls that were examined during the course of the audit;
• Identify specific deficiencies and areas of weakness in systems and controls and make recommendation for their improvement;
• Report on the lack of compliance of each financial covenant in the relevant financing agreement;
• Communicate matters that have come to their attention during the audit which might have a significant impact on the operations of the organization; and Include management's comments in the final management letter.


Deliverable and time schedule:
The external audit is expected to be conducted during the months of July-August of every year and the final report presented to Kilembe Investments Ltd Annual General Meeting in September of the same year. The firm shall submit Draft Final Report in hard copy and an electronic version within seven (7) days upon completion of assignment by the Chief Executive Officer. The Final Report in five (5) hard copies and an electronic version shall be submitted to the Chief Executive Officer within seven (7) days on receipt of management's comments.


Duration of Assignment:
The contract will be for one year (FY 2020/21) in accordance with the Uganda statutory regulations, and the audit exercise for each year will be for a period of Fifteen (15) Man-Days with possibility of extension on request and upon evaluation.
Location of Assignment:
The assignment will be carried out at the Kilembe Investments Ltd head office, Plot 47, Rwenzori Road, P.O. Box 341, Kasese, 0800211050, Mob: +256789585754 Email: info@kilembeinvestments.com 


Requirements:
• The Lead Consultant should be an internationally qualified auditor (CPA, ACCA or its equivalent) with experience in auditing limited companies, Government Subsidies accounting and financial management
• Should have a minimum of five years' experience in the field of external audit with experience in statutory & project auditing, and automated systems.
• The Firm should have strong knowledge and experience (minimum of 7 years) in corporate account auditing. The firm should have Specific audit experience in government funded projects.


Work Hours: 8

 

Job application procedure
Please send (via e-mail) expression of interest, Proposals (both technical and financial), and Comprehensive curriculum vitae of the audit team members, to: The Chief Executive Officer, KILEMBE INVESTMENTS LTD Plot 47, Rwenzori Road, P.O. Box 341, Kasese, Email: info@kilembeinvestments.com 
Applications will be accepted up to 25th January 2021 by 5:00PM Date of release of advert: 12th January 2021


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