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REQUEST FOR EXPERESSION OF INTEREST FOR IPSAS AND IFRS IMPLEMENTATION TECHNICAL ASSISTANCE
Job role insights
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Date posted
March 16, 2025
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Closing date
April 2, 2025
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Hiring location
Hargeisa
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Qualification
Master
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Experience
5-6 Years
Description
Job description
Republic of Somaliland
REQUEST FOR EXPERESSION OF INTEREST
FOR
IPSAS AND IFRS IMPLEMENTATION TECHNICAL ASSISTANCE
A. Background
The Republic of Somaliland has received financing from the World Bank toward the cost of Somali Enhancing Public Resource Management Project (SERP) and intends to apply part of the proceeds for consulting services (individual consultant). The assignment involves a capacity-building initiative for Office of the Accountant General (OAG) to comply with and adopt IPSAS for the preparation of government financial statements for accounting periods. given the complexity of IPSAS implementation. it is essential to ensure the correct accounting treatment to minimize non-compliance risks and update organizational accounting and other relevant policies to reflect changes required by the new accounting standards.
B. Objective(s) of the Assignment
The main objectives of the assignment are:
1. To Review Support the OAG in the implementation of IPSAS implementation road map 2022-2027 and update the road maps if it is necessary
- To provide required capacity building to all public entities and OAG for IPSAS _ Capacity Building and transition to Accrual basis
- 3. Update all necessary accounting and reporting documents (including policy manuals and regulations) to ensure the Office is well-prepared for a seamless transition to full IPSAS adoption.
- To support the Accountant General’s Office for implementation of IPSAS by providing required technical assistance, detail gap analysis building on the previous exercises and IPSAS implementation by using IPSAS 33; from cash basis, to full accrual basis
5. To support AGO to complete the fixed asset registration and valuation for all PE
- Assist AGO To include all public entities GPFRs in GGPFR (Government-wide consolidated financial statement),
7. To support the Accountant General’s Office to prepare, present and submit – Full IPSAS complaint GGPFR and separate GPFR for Public entities.
Skills and qualifications
Selection Criteria: The selection shall be based on qualification, experience and skills of the candidate and followed by an interview. The qualifications, experience, and skills should be included:
D. Consultant’s Qualifications and Experience
The consult should have the following qualifications and experience to carry out the assignment.
1. Education:
· Professional qualification like CPA, ACCA from chartered institutes
· At least master’s degree in accounting, and public finance studies or equivalent with accounting subjects
2. Experience:
· The TA must have at least (10) years’ experience in the field of public accounting in which at least 5 years in the fragile government public sector accounting and financial reporting
· The TA must have considerable experience in the field of International Public Sector Accounting Standards (IPSAS) and some years’ experience about the Integrated Financial Management Information System (IFMIS)
· The TA must have proven track record of developing Strategic plan/road map
· The TA must have Familiarity with financial reporting software and systems used for IPSAS/IFRS -compliant accounting
· Working experience in Ministry of finance and economic development, Accountant General or Government Auditor General Office is a highly advantage
· The TA must have Familiarity with all aspects of the change management process, providing both strategic guidance and operational support.
E. Reporting and other Deliverables: The consultant will report to the Accountant General of the State and will provide monthly and quarterly reports to the SERP Project Coordinator.
F. Duration of Assignment: The assignment is expected to take 12 months.
G. The Ministry of Finance and Economic Development with the Office of the Accountant General invites potential candidates for technical assistance in implementing IPSAS as per the Terms of Reference. Interested Individual Consultants shall provide the following: (i) Curriculum Vitae (CV) with 3 reference persons; (ii) copies of certificates of academic qualifications; and (iii) cover letter indicating that they are qualified to perform the services.
How to apply
Submission Requirements: The attention of interested Consultants is drawn to section III, para 3.14,3.16 & 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers: Procurement in Investment Projects Financing Goods, Works, Non -Consulting and Consulting Services, July 2016, revised November 2017, August 2018, November 2020 and September 2023 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.
I. The Individual Consultant will be hired based on the World Bank’s Guidelines for Selection and Employment of Consultants (July 1, 2016, and updated November 2017, August 2018, November 2020, and September 2023).
J. Mode of submission of Applications: Interested applicants can access additional information, including the detailed Terms of Reference (ToR) for the assignment, by visiting the following website: www.slmof.org or can be provided upon submission of application by e-mail or in person. The e-mail address is provided below from 8:30 to 16:00 pm Hargeisa time (Excluding public holidays).
K. Deadline: Expressions of interest (EOI) and CV must be delivered (by e-mail or in person) in a written form of hard copy (if not by e-mail) to the address below by 01st April 2025 at 4:00 pm (Hargeisa Time) – marked clearly as – IPSAS TA.
Attention; Somaliland Enhancing Public Resource Management Project (SERP)
Ministry of Finance & Economic Development
Opp. of the Ministry of Education and Science
Hargeisa, Somaliland
Email Address: To: procurementserp@gmail.com, & Copy: serpmofd@gmail.com
Overview
Somaliland has an ancient history and civilization
For a long period in the past, Somaliland had well-established trade links with the rest of the world particularly ancient Egypt (the Pharaohs), the Romans, the Arabian Peninsula and the Indian sub-continent
Commodities like hides and skins, frankincense and myrrh, ivory, gums, feathers were traded in exchange for consumer products such as sugar, tea, dates, clothes etc
It was uniquely the hub of spices trade (Frankincense and Myrrh)
The trade links to the Middle East and East Asia existed via the Red Sea and the Indian Ocean routes. The Republic of Somaliland is located in the Horn of Africa
It has the Gulf of Aden to the North and shares borders with Djibouti in the West, Ethiopia in the South and Somalia in the East
It has an area of 176,119 square Kilometers and a coastal line which stretches up to 800 Km along the Red Sea
In terms of area it would have ranked 37th in Africa, which means there are 18 countries with smaller areas than Somaliland in the continent
It is home to a population of four million
The capital, Hargeisa, is a metropolis with an estimated population of over one million
The national language is Somali but both English and Arabic are widely spoken. Somaliland, due to its strategic location near Bab el Mandeb, at the entrance to Gulf of Aden and the Red Sea, has always been of interest for strategic and commercial reasons
In the mid16th century, the great Ottoman Empire annexed the port of Zeila and provided protection, at a cost collected through customs and other charges, for Arab, Persian and Indian merchants who serviced the trade requirements of the surrounding area and the Abyssinian hinterland
In 1870 the ambitious Khedive Ismael I of Egypt, whose country was nominally part of the Ottoman Empire, obtained the Ottoman Sultan’s authorized rights over Zeila in exchange for paying an annual fee of sterling pounds 18,000
The Khedive in due time acquired the coast between Bulhar and Berbera without reference to the Sultan. In 1877 Britain signed a convention recognizing the Khedival annexation of all the East African coast north of Ras Hafun (the promontory of land jutting out into the Indian Ocean south of Cape Gardafui). The agreement stipulated that no portion of this area should be ceded to any foreign power and that British consular agents should be appointed at places on the coast
The Sultan of Turkey, hitherto not very interested in any land east of Zeila, generating, however, a piqued interest of the Ottoman Empire. As Egypt had opened the Suez Canal in 1869, Egyptian interest shifted more on the coastline rather than the interior
At coastal locations lighthouses, harbors, piers, blockhouses, and barracks were constructed, and running water supplies engineered
Some of these facilities have lasted until recently. In 1884 Egypt was facing the Mahdist revolt in the Sudan and for financial reasons (dictated by Britain) had to curtail its projects along the Somaliland coast
By agreement with Britain the Egyptian flag remained flying in Somaliland but Egyptian troops and officials were withdrawn and replaced by very few British troops, ships and officials from Aden. With the departure of the Egyptians and the possibility that other colonial powers had their eyes trained on the potentials of the Somaliland coasts and its hinterland, Britain had to act fast
The British colonial office expedited Major A
Hunt of Great, representing his government, to draw up protection treaties with several Somaliland clans
Britain wooed Somaliland clan leaders with a promise of protection, guaranteeing them full support in case of an attack from other neighboring territories, which were then occupied by other Europeans (See the Map of Africa by Treaty written by Sir E
Hertslet)
On their part, the clan elders of the day refused to grant the British the right to land unless they agreed to their terms.
Categories
Company size
5001-10000
Founded in
2010
