Christian Aids Technical Proposal - 17.02.15

TECHNICAL PROPOSAL
TO
CHRISTIAN AID (UK)

NIGERIA
SUBMITTED BY:
BBC PROFESSIONALS
[CHARTERED ACCOUNTANTS]
CHRISTIAN AID (UK) NIGERIA
TECHNICAL PROPOSAL
FOR APPOINTMENT AS EXTERNAL AUDITORS
CONTENTS PAGE
1.0 EXPERTISE OF OUR FIRM 2-7

1.1 The Firm – BBC PROFESSIONAL 2
1.2 Audit improvement and value added in other clients 6
1.3 Our offer to Christian Aids 7
2.0 OUR OFFICES AND CONTACT INFORMATION 8
3.0 PROPOSED METHODOLOGY AND APPROACH 9 - 19

3.1 Our understanding of the assignment 9
3.2 Relevant experiences 11
3.3 Description of the methodology and workplan
for performing the assignment 13
3.4 Details of other clients and references 19
4.0 MANAGEMENT STRUCTURE AND

KEY PERSONNEL 20 - 24
4.1 Management Structure 20
4.2 Strategy for the audit 20
4.3 Curriculum Vitae of Key Staff 21
5.0 DOCUMENTS ATTACHED 25
Technical Proposal for Appointment as External Auditors to Christian Aid – By BBC PROFESSIONALS Page 1
1.0 EXPERTISE OF OUR FIRM
1.1 The Firm – BBC PROFESSIONALS

Our firm was established on 1 April, 1969 and it is one of the largest indigenous practising
accounting organizations in Nigeria offering to clients; professional auditing, accounting, tax,
insolvency, consultancy, financial and management advisory services, amongst others.
The firm had continued to render excellent accounting services to her numerous clients and the
nation at large for over 45 years. During these years of existence, the firm has had the privilege
of having two Partners as Past Presidents of The Institute of Chartered Accountants of Nigeria
(ICAN). These are Sir John A Balogun, KSC and Chief Adeboye O Badejo (in 1980/81 and
1999/2000 respectively).
We also make bold to say that one of our own that trained and qualified in BBC Professionals,
Mr. Chidi Ajaegbu is the current Golden Jubilee President of the Institute, a rare privilege that
we cherish and which adds credence to our corporate existence.
Change of Name
In order to reposition the firm for better services to her prospective and numerous clients and
improve its brand name, the firm changed her name in October 2012 from Balogun Badejo & Co
to BBC PROFESSIONALS. As a result of the change, note that some of the documents that will be
included in this proposal had the old name.
Registration and Number of Years in Business

The firm was established on 1 April, 1969 and duly registered in Nigeria with the Corporate
Affairs Commission. Presently, our Practice is over 45 Years in Business.
International Affiliation
We are affiliated with PrimeGlobal which is a global network of accounting and consulting
firms with offices in over ninety (90) countries located in all the continents of the world. The
essence of all these is that we have expertise both locally and internationally to meet the
demands of our profession.
Our international office in MIAMI, FLORIDA (USA) together with any of PrimeGlobal offices in
the world are available to join us in carrying out any exercise should their services be required.
The World Headquarters of PrimeGlobal is located at:
9200 South Dadeland Boulevard
Suite 510 Miami
Florida 33156
USA
Status of BBC PROFESSIONALS
Our firm is a Partnership Business Registered with Nigeria Corporate Affairs Commission with
Business Registration No. BN133294. Currently, we have four (4) Partners in full time Practice.
Previously we had seven (7) Partners but two (2) retired on 31 March, 2012 while one (1)
retired on 31 March, 2013 after attaining the retirement age as contained in the Partnership
Agreement of the firm. Though they are retired, they are still available incase we require their
services.
The Firm presently has four (4) full time Partners as shown below:
PARTNERS OF BBC PROFESSIONALS (Chartered Accountants)

1 2
3 4
1. James O Obogwu - Chairman/Managing Partner

2. Everestus U Itodo - Deputy Managing Partner
3. Ayodele M Adetuyi - Partner
4. Gloria C Egwuenu (Mrs) - Partner
Registration with Relevant Authorities
Our firm is registered with the following authorities amongst others:
 The Institute of Chartered Accountants of Nigeria (ICAN)
 Public Practice Section of ICAN (PPS)
 Corporate Affairs Commission (CAC)
 Securities & Exchange Commission (SEC)
 Office of the Auditor-General of the Federation (AGF)
 Office of the Accountant-General of the Federation (AGF)
 Some Offices of the Auditor-General of the States
 Chartered Institute of Taxation of Nigeria (CITN)
 Bureau of Public Enterprises (BPE)
 Financial Reporting Council Of Nigeria (FRCN) - Partners
Availability of Appropriate Manpower and Skills

The firm is structured into various units and departments. Broadly, we have the Technical and
Non-technical employees. The Technical arm handles the Core areas of our practice which
includes Audit, Accountancy, Taxation and other Management Advisory Services while the Non-
Technical are the office staff that ensures that the firm runs smoothly. We have adequate
manpower that can handle any assignment in the following categories:
Partners
(Technical) (Non-Technical)
Managers Managers
Supervisors Supervisors
Audit Seniors Trainees Support Staff
Our Most Valuable Asset
Our most valuable asset is Human Capital. We have no doubt of our ability to carryout the
proposed assignment based on the calibre of our Human Resources and experiences of over four
(4) decades.
Below is the list of our Partners and senior staff:

Partners: {full time - 4}
NAME QUALIFICATIONS EXPERIENCE
1. J O Obogwu MBA, FCA, FCTI 28 years
2. E U Itodo B.Sc., M.Sc., ACCA, FCA, ACTI 21 years
3. A M Adetuyi B.Sc., MBA, FCA, ACTI 17 years
4. G C Egwuenu (Mrs) B.Sc., M.Sc., FCA 17 years
Senior Technical staff:

5. S A Ademosu ACA 20 years
6. I O Showa ACA 13 years
7. O O Agbeje HND, ACA 13 years
8. M O Akinola HND, MBA, ANIMN, ACA 14 years
9. J T Abiodun B.Sc., ACA 9 years
10. C I Onah HND, ACA 12 years
11. O M Odiase (Miss) B.Sc., ACA 7 years
12. T O Kupoluyi B.Sc., ACA 7 years
13. C M Udeagbala (Miss) B.Sc., ACA 6 years
14. V O Opajobi (Miss) B.Ed., ACS 14 years
15. O F Moyegun B. Agric, PDCA 14 years
16. K O Fashina (Mrs) LL.M, LL.B, BL, ACS 7 years
Consultants: [Part time]

1. P. O. Oluwi FCCA, FCA, FCTI, 42 years
2. Dr. J O Asaolu FCA, FCTI, MNIM, Ph.D 41 years
3. M O Oladotun FCCA, FCA, FCTI, FCIPM, FWAIMC 41 years
4. F C Obi FCA, ACTI 36 years
QUALIFYING SENIORS AND TRAINEES

At varying degrees of qualification and experience – over 40 in number.
Presently, we have 15 Professional Staff, over 40 Graduates amongst others
working fulltime in our firm. Consequently, we have all the Human
Resource requirements to meet your needs on this assignment.
1.2 Audit improvement and value added in other clients
One of the advantages we have is that we have experienced personnel with varied local and
international experiences and qualifications. The capabilities and facilities we have that are
necessary for the audit and future assignments amongst others include:
 Competent and experienced project team members.

 Wealth of experience on the job for 45 years.
 Laptops for Technical staff and Desktops for Office personnel.
 Auditing Software.
 Manuals, Audit guide sheets and programme for project Team members.
 Copies of IFRS, IAS, IPSAS, ISA, NSA amongst others.
 Internet facility for easy communication and Official Website.
 Communication systems
 Standby Generators
 Scanners
 Equipped Libraries
The above has impacted on our daily jobs which led to improvements and added value to our
clients. Such improvements and value additions to our clients includes but are not limited to:
 Carrying out review of internal control and compliance for appropriateness of procedures or
otherwise.
 Review of operational manuals, processes and procedures generally.
 Detection of lapses and loopholes.
 Advising clients on improvements and measures necessary to strengthen internal controls
and safeguard the assets of the entity.
 Better protection for systems, information, ICT Hard wares and integrity of data.
 Review of systems flows for efficiency and better performance.
 Detection and correction of errors in book keeping, posting and financial statements.
 Improvements in the way and manner of clients dealings with regulatory authorities and
statutory matters.
 Shorter time for audit completion and more credible financial statements.
1.3 Our offer to Christian Aids
Our firm’s foundation for a quality financial statements audit is our firm’s system of
quality control. Our firm’s leadership is critical in setting the proper “tone at the top,”
conveying through words and actions that quality work is of paramount importance.
Our firm’s system of quality control consists of all the activities undertaken by us to
promote audit quality and includes, for example:
 The establishment of policies for the implementation of professional standards,

including standards of objectivity, integrity and auditor independence
requirements.
 Personnel management, which includes policies and procedures related to hiring,
assigning personnel to engagements, training, professional development and
advancement.
 The development, maintenance and deployment of firm-specific methods and tools
for conducting audits.
 Monitoring of audit quality, including multiple levels of review on each
engagement and the regular performance of in-firm quality inspections.
 Regular review of other elements of our firm’s quality control system.
These above-mentioned activities are driven by professional standards, our firm’s

standards of quality and feedback from external inspections of our work.
We the above standards, Christian Aid stands to benefit from some of the improvements and
value addition to clients as listed in 1.2 above.
2.0 OUR OFFICES AND CONTACT
INFORMATION
Offices in Nigeria
Our firm has offices in the following locations in Nigeria:
Abuja Ibadan
Akure Kaduna
Benin City LAGOS - Headquarters
Our Contact Offices and Officers

Headquarters - Lagos
24, Ilupeju By-Pass, Ilupeju
G P O Box 3260, Lagos
Tel: +234 (01) 898 1859, 794 5733
Website: www.bbccharter.com
Email: bbccharter@yahoo.com and bbc@bbccharter.com
Headquarters contact officers:

Name Designation GSM Email
J O Obogwu Managing Partner 08023139061 obogwu@bbccharter.com

joobogwu@yahoo.com
E U Itodo Deputy Managing Partner 08036165079 euitodo@bbccharter.com

euitodo@yahoo.com
Abuja office
Suit 24 Dee Awwal Plaza
2nd Floor, Plot 2044, Michael Okpara Street
P O Box 8601
Wuse, Zone 5, Abuja
Abuja office contact officers:

Name Designation GSM Email
C I Onah Branch Manager 08063166927 chris.ibe65@yahoo.com
Our geographical spread and experiences affords us the advantage to handle the
assignment coupled with the ability of some of our staff to speak the popular local
languages such as Hausa, Igbo and Yoruba.
3.0 PROPOSED METHODOLOGY AND
APPROACH
3.1 Our understanding of the assignment
Christian Aid (UK), Nigeria invited Proposals for the provision of external audit services for
the Country Programme for the 2014/2015 financial year.
Background
Christian Aid is a Christian organisation that insists the world can and must be swiftly
changed to one where everyone can live a full life, free from poverty.
The Organisation work globally for profound change that eradicates the causes of poverty,
striving to achieve equality, dignity and freedom for all, regardless of faith or nationality.
Christian Aid is also part of a wider movement for social justice and Provide urgent, practical
and effective assistance where need is great, tackling the effects of poverty as well as its root
causes.
Vision
Poverty is an outrage against humanity. It robs people of dignity, freedom and hope, of power
over their own lives. Christian Aid has a vision - an end to poverty - and believe that vision
can become a reality.
Essential purpose
 To expose the scandal of poverty
 To help in practical ways to root it out from the world
 To challenge and change structures and systems that favour the rich and powerful
over the poor and marginalised.
Mandate
As an agency of churches in Britain and Ireland, she has the mandated to work on relief,
development and advocacy for poverty eradication. Christian Aid’s work is founded on
Christian faith, inspired by hope and acts to change an unjust world through charity – a
practical love and care for neighbours.
Need for audit of financial statements
The need for stewardship, accountability, compliance with the statutory provisions and good
corporate governance of any organization has made the audit of its financial statements very
necessary. Hence the statutory audit has become a credible process by which professional
accountants look at what has transpired in an organization within a specified period and issue an
audit opinion as to the true and fair view of the entity’s financial statements.
There is also the need for the audit exercises to be conducted timely within an agreed period
and/or at regular intervals or else, it will not be useful in serving the intended purpose. In doing
this, the confidence of the stakeholders in the programmes and projects of the Organisation will
be greatly enhanced.
As in many parts of the world, the activities of Donor Agencies have touched millions of lives
particularly the poor; hence their contribution to the building and development of Nations
cannot be overemphasized.
In line with the above, our firm – BBC PROFESSIONALS [Chartered Accountants] hereby forward
its application to be considered for appointment as external auditors to Christian Aid (UK),
Nigeria. Having been in existence for over forty five (45) years in rendering similar services to
numerous clients, we want to be part of Organisation’s Project of Transformation, Transparency
and Accountability.
Our duties as external auditors

Our duties shall include but not limited to:
Critical review of internal control processes and procedures with a view to ascertaining
the existence, adequacy and compliance of the system in the Organisation;
Carrying out the audit of the Book of Accounts and expressing our opinion as to the true
and fairness of the financial statements;
Issuing our reports at the end of the audit exercise which shall include the audited
financial statements and management control report;
Bringing to the knowledge of the Management all observed weaknesses in the internal
control systems and operations generally; and making recommendations for
improvements.
Following up all previous recommendations in order to ensure that the issues raised are
implemented accordingly and rendering assistance where necessary.
3.2 Relevant experiences
We have relevant cognate experience and a strong record of value-added service to our
esteemed clients which we have been doing for over four (4) decades of our existence. Some of
the Audit & Assurance Work that we carried out or currently engaged in which are similar
to the proposed assignment are as stated below:
 National Malaria Elimination Programme – Global Fund Principal Recipient

 United Nations Development Program (UNDP) – Various
 Africare Nigeria
 United Nations Population Fund (UNFPA) – Various
 World Bank Assisted Projects - Loan 2620 - UNI – Lagos State
 Institute of Human Virology Nigeria (IHVN)
 NACA Federal Government of Nigeria
 Association for Reproductive and Family Health, (ARFH)
 National Agency on the Control of AIDS (NACA ) Global Fund 2011
 Sustainable Health Initiative (SHI)
 South South Healthcare Delivery Programme – G.77
 AIESEC Nigeria
 Centre for Management Development (CMD)
 Forestry Research Institute of Nigeria, Ibadan (FRIN)
 Cocoa Research Institute of Nigeria, Ibadan (CRIN)
 National Cereals Research Institute (NCRI)
 National Horticultural Research Institute (NHRI)
 Nigeria Social Insurance Trust Fund (NSITF)
 World Bank Assisted Projects - Loan IBRD 2760 - UNI - Ogun State
OTHER ASSIGNMENTS
Some Other assignments carried out by the firm in recent past are
listed below:
AUDIT AND ASSURANCE SERVICES INTERNATIONAL FINANCIAL REPORTING

STANDARD (IFRS)
 Equity Assurance Plc
 Equity Assurance Plc
 Thomas Wyatt (Nigeria) Plc
 Honeywell Flour Mills Plc
 Honeywell Flour Mills Plc
 IPWA Plc
 IPWA Plc
 Pipelines & Products Marketing Company Limited  Man Mountain & Company Limited
(PPMC)  Obafemi Awolowo University (OAU), Ile – Ife
 NEM Insurance Plc  Greenwich Trust Limited
 Bowen Micro Finance Bank  Academy Press Buz Forms Ltd

 Grange Schools  Bells University, Otta
 Man Mountain & Company Limited  Thomas Wyatt Nigeria Plc
 West African Examinations Council (WAEC)  Grange Schools
 Greenwich Trust Limited  Coates Brothers Limited
 Mission Securities Limited  Eldorado Construction Co. Limited
 Caleb University, Imota  Several Public Training Courses and general Advisory.
 Honeywell Superfine Foods Limited
 Calyx Trust Limited
RECEIVERSHIP, LIQUIDATIONS AND
 Resort Securities & Trust Ltd DUE DILIGENCE
 Obafemi Awolowo University (OAU), Ile – Ife
 Lagos State University (LASU)  AIICO Insurance Plc
 Institute of Chartered Secretaries & Adm. of Nigeria  Afolabi Dinehin & Sons Limited
(ICSAN)  Nfi Insurance Plc
 Tax Appeal Tribunal  Jonnic Communications (WA) Limited
 Nigerian Institution of Estate Surveyors and Valuers  NITEL/MTEL
(NIESV)  Spectrum Books Limited
 Falcon Petroleum Limited  Credite Bank Nigeria Limited (Closing Activities)
 Electronic Payplus Limited  Kainji Textiles Limited
 Allport Cargo (W.A) Limited  Mercantile Press Limited
 Coates Brothers (WA) Limited  Oluyori Bottling Ind. {Nigeria} Limited
 Metal Furniture Nigeria Limited  Penguin Dairies Limited
 Metec (W.A.) Nigeria Limited  Max & Kelly Nigeria Limited
 Nigerian Foundries Limited  Unit Six Agric Industry Limited
 Metro-Urban Homes Limited
TAXATION SERVICES
 Federal Radio Corporation of Nigeria {FRCN}  Pipelines & Products Marketing Company Limited (PPMC)
 Jeromelaiho & Associates Limited  NEM Insurance Plc
 National Broadcasting Commission {NBC}  Bowen Micro Finance Bank
 News Agency of Nigeria {NAN}  OAS Helicopters
 Electronic Payplus Limited
 Nigerian Television Authority {NTA}
 Allport Cargo (W.A) Limited
 Prime Publications Limited  Coates Brothers (WA) Limited
 The Daily Times of Nigeria Plc - NSE Quoted  Metal Furniture Nigeria Limited
 Life Press Limited  Metec (W.A.) Nigeria Limited
 Nigerian Foundries Limited
 Enertek Bendix Limited
 Several others
3.3 Description of the methodology and workplan for
performing the assignment
Summary of stages:
In summary, our job when appointed as external auditor by Christian Aid is as illustrated below:
Engagement activities
Meeting with Top

Follow up of internal
management and
control issues and points
exchange of
raised during the audit
correspondences
Final discussion/issue of Engagement Planning

signed Reports and Field work
Preparation, Review and

issue of Draft Reports
Preliminaries:
Upon our appointment as External Auditors, we shall carry out the following:
 Forward our Letter of Acceptance signifying our acceptance of the appointment

 Issue Letter of Engagement which shall spell out the terms of engagement
 Obtain name and address of the former auditors in order to communicate and obtain
professional clearance with regards to client acceptance procedures in line with ICAN and
IFAC guidelines
 Hold meeting with the members of the Board or Top officials (if necessary)
 Hold meetings with the Management Team to discuss issues concerning the audit
 Issue our Audit Planning Memorandum
Consequently, we shall obtain necessary background information and documentation for the
purpose of the audit.
Such background information and documentation shall include but not limited to:
1. The Organisation’s Profile which will contain amongst others: History, Establishment,
Head Office, Other Offices, Board, Programme/Project officials, Top Management Staff, etc
2. Names and addresses of Former Auditors, Legal Advisers, Secretary and other
professional Advisers
3. Donor Agreements, MOU’s, Project Documents amongst others
4. List of Approved Projects/programmes
5. Obtain financial regulations, rules, policies and procedures that apply to the specific
Programmes and projects
6. Audited Financial Statements for the last three years
7. Management control report for the last three years
8. List of Bankers, Name of Account, Account Numbers and addresses of where the accounts
are maintained
9. Trial balance for the financial year (for audit purpose)
10. Management accounts
11. Systems process flow chart
12. Cash books (for all banks, cash and petty cash)
13. Bank reconciliation statements files for all the banks, cash and petty cash
14. Bank statements for the first quarter of the next financial year
15. Authorisation limit for cheques, purchases, contracts etc
16. imen signatures of Authorising officers and signatories to the banks.
17. Schedule of Fixed assets (including additions, on-going projects, re-classifications,
revaluations & disposals)
Preliminaries (Cont’d):
18. Debtors/creditors schedules and their addresses

19. Age-analysis of debtors and creditors including details of bad debt provisions (if any)
20. Other financial and income statement schedules
21. Summary of fund received (classified into types, locations etc)
22. List of accredited suppliers and nature of supplies (both foreign and local)
23. Stock taking report (including stock sheets, valuation of closing stocks & exception
report)
24. Internal auditor’s reports
25. Board’s review of processes for risks, internal control and compliance
26. Governance information and Board’s strategic focus/plans
27. Organisational chart
28. List of management staff and their designation
29. List of staff
30. Staff payroll
31. Staff loans and advances register/ledger
32. List of related third parties and nature of relationship.
33. Transactions carried out with related parties.
34. Major contracts and contractual agreements
35. Schedule of contingent liabilities
36. Details of litigations and impact on Christian Aid
37. Annual budgets (including capital expenditure budget)
38. Payment vouchers (samples required)
39. Journal vouchers (samples required)
40. Receipts & Invoices (samples required)
The above are expected to be obtained before or during the commencement of the assignment
after which such information will be discussed with the personnel to be engaged in the
assignment in order to:
 acquaint professional staff with the background information;
 brief the personnel on the core functions;
 be well informed on the strategy to be adopted to ensure that the audit objectives and
timetable are borne in mind while carrying out the audit assignment
 design appropriate audit Programme;
 brief the team members as to the requirements, timing and explanation of work
programme; and
 ensure that the audit is carried out efficiently and effectively in accordance with all
relevant local, regional and international standards on auditing.
Work Plan and methodology
General procedures
We shall carry out pre-audit meeting/visits in order to clearly understand the
organizational structure in place, the relationship with Donors, implementing agencies,
other Foreign and Local Establishments. This will enable us to know the structure in place
and plan our staff strength and mix for the audit field work.
The preliminary discussions will enable us to design appropriate audit programme which
will be used by each Project Teams. In effect, Audit Programme and other procedures
designed for the assignment would be shared amongst the team members as
worksheet to be guided by the Engagement Partner with a view to ascertaining:
 the existence of internal control systems;
 adequacy and reliability of internal control system;
 whether the Organisation has internal audit in place, their effectiveness and extent of
reliance to be placed on its work;
 the main source of revenue or donation;
 other sources of income available;
 expenditures made and expenses pattern at the Head and branch offices;
 recording, presentation and disclosure of transactions in the financial statements;
 that incomes and expenditure have been treated accordingly and also with a view to
identifying:
i) adequacy of accounting and internal control system;
ii) whether all incomes recorded were properly treated in the financial
statements;
iii) adequate monitoring of expenditure and their validity;
iv) that expenditure are eligible and duly authorised; and
v) any ineligible expenditure and in-adequacies in record keeping for inclusion in
our management control report.
We shall carryout third party confirmation as part of our audit evidence which shall
support our audit opinion. Using the addresses collected from the Christian Aid, we shall:
 write the Legal Advisers with a view to obtaining first hand information on litigations
involving the Organisation. This will assist us in knowing the extent of exposure to
other parties and also enable us to indicate same in the contingent liabilities as note
to the audited financial statements;
 send circularization letters to all Bankers to confirm the account balances as at the
end of the year or period as the case may be;
 circularize the Debtors at the year/period end in order to obtain evidences to
corroborate the records and this will form part of our audit evidences;
 also circularize Creditors for the same purpose of obtaining audit evidences to
support our opinion.
PROCESS OVERVIEW AND QUALITY ASSURANCE
Process overview and quality assurance obtainable in BBC is better experienced than
explained. Our process starts by planning the audit assignment. The plan sets out clearly
what Audit objectives we intend to achieve and at what time frame.
In summary, the process is displayed in Risk and Quality Assurance Flow

Chart stated below:
1. PRE-COMMENCEMENT
4. POST ASSIGNMENT - Briefings from the Supervising
-Reports & recommendations to Mgt. Partner
-Discussion of issues raised during the - Completion of Ethics and
assignment Independence documentations
-Identification of key officers that has - Review of Business environment
responsibility for mitigating risks that Client operates
-Follow up of issues raised and -Assessment of likely Market and
progress made to improve the Mgt business risks
Processes
2. FIELD WORK
3. HOME OFFICE -Review of Client Systems, Processes
-Work done by staff passed to the and Procedures
Supervisor for review -Review of Business and market risks
-Manager and Engagement Partner -Evaluation of the impact of
shall review the Files and Reports Transactions with related parties and
-Files and Reports shall be passed to others
the quality control department for -Review of Going-concern
final review assumptions made by Mgt
Although the Supervising Partner will be in-charge of the audit, we have a quality assurance
department headed by a Senior Partner, where all plans and jobs go through to ensure
completeness, accuracy and compliance with the relevant local and international standards,
laws and regulations.
In effect, our reports and other deliverables shall pass through the department before we
issue the draft reports to the Client.
Final reports
Having carried out the audit field work and various stages of review, we shall issue the draft
financial statements and management control report alongside with outstanding issues (if
any). The management control report shall contain details of our review, issues observed,
consequences of lapses and recommendations.
We shall hold further meetings with the top management, finance committee (if applicable)
and Organization members to discuss the draft financial statements and management control
report.
After necessary consideration and approvals of the financial reports by all concerned, we shall
issue the final audited financial statements and management control report to the
Organization.
Conclusion
We recognize that all methodologies to be adopted in carrying out the audit may not have
been spelt out fully in this expression of interest while other approaches and methodology
will be contingent on-the-job and situations that may arise during the work.
The above is therefore the summary of what we intend to do if appointed by the Christian Aid
(UK) Nigeria to audit the financial statements for the 2014/2015 financial year.
2.4 Details of other clients and references
Name of Client Contract Types of activities Date Contact Details
project Value undertaken Completed (Name, Phone,
N’000 Email)
2013 Audit of Federal Ministry of 9,300 - Audit of Principal and September, Mr. Eric Aramide
Nat. Malaria Health - National sub-recipient accounts 2014 +2348062386295
Elimination Malaria Elimination - Review of internal aramide.eric@gm
Prog. Global Programme control systems ail.com
Fund Grant - Follow up of prior
year issues
2014 audit of Honeywell Flour Mills 20,000 - Audit of financial June, 2014 Mr. Ibukun Ojo
financial Plc, Lagos statements +2348022232605
statements - System reviews iojo@honeywellfl
- Internal Control our.com
review
2013 audit of United Nations 10, 600 - Audit of Project CDR April, 2014 Mr. Hassan Jallow
UNDP Nigeria Development - Review of internal +2348039795127
NIM/NGO Programme control systems hassan.jallow@un
2013 - Follow up of prior dp.org
year issues
2011 Audit of National Agency for 5,000 - Audit of Principal and June, 2012 Mr. N Ebong
Gobal Fund the Control of AIDS sub-recipient accounts +2348065588252
Grant (NACA) - Review of internal info@naca.gov.ng
control systems
- Follow up of prior
year issues
2011 audit & Pipelines and Products 21,000 - Audit of financial July, 2012 Mrs. Rose Ogbole
Taxation Marketing Company statements +2348033732102
services Limited - Internal Control Roseline.ogbole@
review nnpcgroup.com
- Tax computations
-Filing of accounts with
Tax authority
4.0 MANAGEMENT STRUCTURE AND KEY
PERSONNEL
4.1 MANAGEMENT STRUCTURE
Our understanding of the project is that the audit will be carried out in Abuja Nigeria. The
Structure for management which shows the designation of proposed project personnel in the
firm and intended position during the project execution is as shown below:
The Proposed Project Team was chosen considering the Client, Nature of Job, Timing,
Deliverables expected and most importantly, the experience, exposure and calibre of Personnel.
We are confident that the Staff mix is adequate for the project and if there is need to deploy
additional personnel, we shall act accordingly.
4.2 STRATEGY FOR THE PROJECT

In summary, the strategy for the project execution is as follows:
 J O Obogwu - the Concurrent Review/Quality Assurer will review all plans, time table,
final reports and give approval for implementation and issue. May attend to meetings and
other issues as deemed necessary and will operate mainly from the Home office.
 E U Itodo – will act as the project Engagement Partner and authorized Representative
who will manage and oversee the entire project. He will work in the Home office as well
as the Field office with other Team Members.
 I O Showa – will work majorly and direct the staff while on the field work amongst
others.
 C I Onah, P I Akaose (Miss) and M O Okpe will work based on the developed
programmes, Guides and instructions.
4.3 CURRICULUM VITEA OF KEY STAFF
Concurrent Reviewer/Quality Assurer

Proposed Position:
Name of Firm: BBC PROFESSIONALS
James Ofoma OBOGWU

Name of Staff:
Accountancy/Auditing
Profession:
13 July, 1968
Date of Birth:
Experience: 28 Years Nationality: Nigerian
Education:
School Date Qualification
University of Benin, Benin City 1999 – 2001 MBA (Business Administration)
St. Paul Grammar School, Ebu 1982 – 1987 WAEC/GCE O’Level
Professional qualifications:
Institute of Chartered Accountants of Nigeria (ICAN) - FCA
Chartered Institute of Taxation of Nigeria (CITN) - FCTI
Employment Record:
Company Period Position
BBC Professionals 1 April 2013 – date Managing Partner
BBC Professionals 1 April ‘12 to 31 March,‘13 Deputy Managing Partner
BBC Professionals 2005 to 31 March, 2012 Partner
BBC Professionals 2001 to 2004 Audit Manager
BBC Professionals 1997 to 2001 Audit Senior
BBC Professionals 1986 to 1997 Audit Trainee
Languages (Written and Spoken):

Igbo - Excellent
English - Excellent
Engagement Partner
Proposed Position:
BBC PROFESSIONALS
Name of Firm:
Everestus Uche ITODO
Name of Staff:
Accountancy/Auditing
Profession:
15 December, 1973
Date of Birth:
Education:
University of Lagos, Akoka 2011 M.Sc. (Management)
Oxford Brookes University, Oxford, UK 2009 B.Sc. Applied Accounting
Skolak Resources Information Tech. Centre 1999 Cert. Data Processing
St. Theresa’s College, Nsukka 1992 Senior Sec. School Cert.
Ifrouka Primary School, Amalla 1986 First School Leaving Cert.
Professional qualifications:
Institute of Chartered Accountants of Nigeria (ICAN) - FCA
Chartered Institute of Taxation of Nigeria (CITN) - ACTI
Association of Chartered Certified Accountants (ACCA), UK - ACCA
Employment Record:
BBC Professionals 1 April ‘13 – date Deputy Managing Partner
BBC Professionals April ‘09 to 31 Mar, ‘13 Partner
BBC Professionals 2006 to 2009 Manager, Supervisor,
Audit Senior
Mu’allahyidi & Co, Kaduna 2003 to 2006 Assist. Audit Mgr, Senior
Supertex Limited, Kaduna 1995 to 2003 Shift Section Controller
Union Adhesive & Chem. Co Ltd. 1993 to 1995 Administrative Clerk

English & Igbo - Excellent
Hausa - Fair
Manager
Proposed Position:
BBC PROFESSIONALS
Name of Firm:
Name of Staff: Ibrahim O SHOWA
Date of Birth: 30 April, 1979
Education:
Oxford Brookes University, Oxford, UK 2006 to date B.Sc. Applied Accounting

(In-View)
Professional qualification:
Institute of Chartered Accountants of Nigeria (ICAN) - ACA
Employment Record:
BBC Professionals 2011 to date Audit Manager
Balogun Badejo & Co 2007 to 2009 Supervisor, Senior
O A Adefeso & Co 2006 to 2007 Audit Senior
Abioye Abdul Razaq & Co 2004 to 2006 Trainee

English - Excellent
Yoruba - Excellent
Audit Team Leader

Proposed Position:
BBC PROFESSIONALS
Name of Firm:
Christian I Onah
Name of Staff:
Accountancy/Taxation
Profession:
25th November, 1979
Date of Birth:
Education:
Federal Cooperative College Kaduna. 2011 HND
Government Technical College Nsukka 1999 WAEC & NABTEB
Community Primary School Nguru Nsukka 1993 FSLC
Professional qualification:
Institute of Chartered Accountants of Nigeria (ICAN) - ACA
Employment Record:
BBC Professionals 2013 to date Audit Senior
Mhoa & Co Chartered Accountants 2011 – 2013 Audit Supervisor
Maaji & Co Chartered Accountants 2010 Audit Trainee
Denod Investment Company 2002-2009 Account Clerk

English - Excellent
Igbo - Fair
5.0 DOCUMENTS ATTACHED
The following documents are attached to this Technical Proposal:
 Certificate of Registration with Corporate Affairs Commission (CAC)
 Registration with Auditor General for the Federation
 Partners/Firm’s Tax Clearance Certificates
Note: Incase you require additional information and/or

documentary evidences we shall gladly provide.
The Finance Manager
Christian Aid (UK), Nigeria
No 8 Audu Ogbeh Street
Jabi
Abuja
“Expression of Interest”
“EXPRESSION OF INTEREST”

Christian Aids Technical Proposal - 17.02.15

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TECHNICAL PROPOSAL

CHRISTIAN AID (UK)

1.0 EXPERTISE OF OUR FIRM 2-7

2.0 OUR OFFICES AND CONTACT INFORMATION 8

3.0 PROPOSED METHODOLOGY AND APPROACH 9 - 19

4.0 MANAGEMENT STRUCTURE AND

5.0 DOCUMENTS ATTACHED 25

1.1 The Firm – BBC PROFESSIONALS

Registration and Number of Years in Business

PARTNERS OF BBC PROFESSIONALS (Chartered Accountants)

1. James O Obogwu - Chairman/Managing Partner

Availability of Appropriate Manpower and Skills

Audit Seniors Trainees Support Staff

Below is the list of our Partners and senior staff:

Senior Technical staff:

Consultants: [Part time]

QUALIFYING SENIORS AND TRAINEES

 Competent and experienced project team members.

 The establishment of policies for the implementation of professional standards,

These above-mentioned activities are driven by professional standards, our firm’s

Our Contact Offices and Officers

Headquarters contact officers:

J O Obogwu Managing Partner 08023139061 obogwu@bbccharter.com

E U Itodo Deputy Managing Partner 08036165079 euitodo@bbccharter.com

Abuja office contact officers:

C I Onah Branch Manager 08063166927 chris.ibe65@yahoo.com

3.1 Our understanding of the assignment

Our duties as external auditors

 National Malaria Elimination Programme – Global Fund Principal Recipient

AUDIT AND ASSURANCE SERVICES INTERNATIONAL FINANCIAL REPORTING

 NEM Insurance Plc  Greenwich Trust Limited

 Bowen Micro Finance Bank  Academy Press Buz Forms Ltd

Meeting with Top

Final discussion/issue of Engagement Planning

Preparation, Review and

 Forward our Letter of Acceptance signifying our acceptance of the appointment

18. Debtors/creditors schedules and their addresses

In summary, the process is displayed in Risk and Quality Assurance Flow

4.1 MANAGEMENT STRUCTURE

4.2 STRATEGY FOR THE PROJECT

Concurrent Reviewer/Quality Assurer

James Ofoma OBOGWU

Languages (Written and Spoken):

Experience: 21 Years Nationality: Nigerian

Languages (Written and Spoken):

Name of Staff: Ibrahim O SHOWA

Date of Birth: 30 April, 1979

Experience: 13 Years Nationality: Nigerian

Oxford Brookes University, Oxford, UK 2006 to date B.Sc. Applied Accounting

Institute of Chartered Accountants of Nigeria (ICAN) - ACA

Languages (Written and Spoken):

Audit Team Leader

Experience: 12 Years Nationality: Nigerian

Languages (Written and Spoken):

The following documents are attached to this Technical Proposal:

 Certificate of Registration with Corporate Affairs Commission (CAC)

 Registration with Auditor General for the Federation

 Partners/Firm’s Tax Clearance Certificates

Note: Incase you require additional information and/or

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