The objective of the assignment was to provide financial audit consultancy services to Nairobi Water & Sewerage Company (NWSC). The financial audits were carried out in accordance with International Standards on Auditing (ISA) applicable to agreed upon procedures as prescribed by the International Federation of Accountants (IFAC) and include such tests, as considered necessary in the circumstances.
The general scope of services include but is not necessarily limited to the following activities:
- Review of NWSC billing, collection and timely transfer/remittance of lease fee/licensee tariff and other payments to AWSB;
- Review of accountability and compliance with the terms of Service Provision Agreement including reporting review, verification of all the information provided by the NWSC in financial documents/reports for which NWSC is required to provide under Service Provision Agreements;
- Review of disbursements under the Delegated Work Program, including proper calculation and timing Design and Construction;
- Implementation of the risk management framework;