This is a re-advertisement. UNCDF would like to enter into a non-exclusive Framework Agreement, also known as Long-Term Agreement (LTA), with two (2) firms that will perform the services described herein below on a need-basis. 

The Accounting Firm that will be engaged shall provide highly qualified advisory services and accounting solutions in support to UNCDF’s current and evolving business model and practices, particularly new financial instruments. Without UNCDF committing any business scope and/or volume, the firm shall make these advisory services available on a demand-driven basis, with each call-off order specifying the tasks to be carried out, the amount of time allocated to the service, and the time of delivery of the service.

Advisory services shall support the UNCDF offices in its Headquarters in New York, regional and country offices, including UNCDF partners. The firm shall bring their expertise, skills and knowledge to support through their recommended or unique approaches, tools and techniques, acquired from years of accumulated industry best practices.

In general, the firm shall be required to assess and provide advisory services and accounting solutions in the following areas:

1. Advise on accounting and financial reporting for existing and new business areas and financial instruments that may be rolled out by UNCDF;
2. Formulate accounting policies that are fully compliant with IPSAS;
3. Assess and ensure business processes, current and recommended, are fully compliant with UNCDF Financial Regulations and Rules and IPSAS;
4. Assess existing business processes and recommend improvements, if any;
5. Provide benchmark analysis with entities similar or comparable with UNCDF in mandate/size/focus/niche, and alternative accounting treatment or business processes if any;
6. Assist UNCDF in the preparation and implementation of new and updated IPSAS standards;
7. Assess and advise UNCDF on Financial Statement and donor report presentation, disclosure and re-statement;
8. Propose financial transaction recording and reporting, which can be automated taking into consideration UNCDF’s ERP platform capabilities;
9. Advise on implementation of internal and external audit recommendations;
10. Advise on institution and programme budgeting, resource forecasting and financial planning;
11. Assess and advise on internal control and risk management;
12. Provide training to Finance and programme personnel;
13. Any other business need that may arise during the life of the LTA.

Please see the attached RFP for full details. The TOR is provided in Section 5 of the RFP.