The accounts of the CBF are subject to an annual audit in accordance with the procedures required by
part 6 of the 1993 Companies Act, as amended by part 2 of the 2006 Companies Act or, otherwise, at the
request of the donor, to provide independent scrutiny of accounts.
In accordance with World Bank requirements, the auditor should:
be a registered auditor who, as an audit professional, applies auditing standards issued by the
UK Auditing Practices Board (“APB”);
the auditor will (i) be a “registered auditor” who is registered with a recognized supervisory body
in accordance with the Companies Act 2006 and (ii) use accounting recommendations and
guidance of the Statement of Recommended Practice that supplement accounting standards for
registered UK charities as reference point.
The CBF therefore seeks the services of an external auditor for a period of three (3) years to execute
duties in accordance with the conditions of this Terms of Reference (ToR).
Minimum qualifications:
The auditor must satisfy the minimum the minimum following requirements.
A legal entity registered with the appropriate bodies.
A member of a professional auditing and accounting affiliate for a period no less than 5 years.
Proven track record of auditing UK private companies and/or charities with international donors.
Demonstration of working with Conservation Trust Funds and donor organization would be an
asset.
The provision of three (3) organization for character reference.