RFP - Appointment of Internal Auditor
Description
REQUEST FOR PROPOSAL (RFP)
Appointment of Internal Auditor
Date of Issue: 15/10/2026
Last Date for Submission: 31/10/2026
Proposed Engagement Period: One year
Issued By: Milaan Be The Change
Head Office: A-329, Block A, Shivalik Colony, Malviya Nagar, New Delhi – 110017
Website:https://milaan.in/
1. ABOUT MILAAN BE THE CHANGE
Milaan Be The Change is a non-profit social impact organisation working with and for adolescent girls and young women to strengthen their knowledge, skills, agency and access to opportunities. The organisation works with communities to challenge gender inequality and enable girls to pursue their aspirations.
Vision: To create an equal and inclusive world where every girl is educated, healthy and safe.
Mission: Empowering girls by advancing their skills, rights, and opportunities to unlock their voice, choice, and potential.
Milaan's work includes programmes focused on adolescent girls' leadership, education, health and well-being, prevention of child marriage and gender-based violence, alumni engagement, and school education.
The organisation works with multiple stakeholders, including institutional and individual donors, implementing partners, schools, communities, state government, employees, consultants and service providers. Its operations involve programme expenditure across locations, donor-specific budgets, statutory and regulatory obligations, and commitments relating to grant utilisation and reporting.
Milaan seeks to strengthen its financial governance, internal controls, compliance systems, risk management and accountability through the appointment of an independent Internal Auditor.
2. OBJECTIVE OF THE ASSIGNMENT
The objective is to appoint a professionally qualified and experienced audit firm to conduct a comprehensive, independent review of Milaan's financial transactions, internal controls, statutory compliance, grant management, procurement, human resources, administration, programme operations and information systems.
The engagement is intended to:
- Verify the accuracy, completeness, authenticity, validity and proper authorisation of financial transactions.
- Ensure that expenditure is supported by appropriate documentation and complies with organisational policies, donor conditions and applicable laws.
- Identify financial irregularities, unsupported expenditure, duplicate payments, potential fraud indicators and control circumvention.
- Assess the adequacy and effectiveness of internal financial and operational controls.
- Review compliance with applicable statutory, regulatory, contractual and donor requirements.
- Evaluate budgetary control, donor fund utilisation and financial reporting.
- Identify weaknesses in processes, accountability, segregation of duties and management oversight.
- Provide risk-rated observations and practical recommendations with clear corrective actions.
- Track implementation and independently validate closure of audit observations.
- Provide management and the Board with an objective assessment of the organisation's control environment and significant risks.
The engagement shall go beyond routine accounting verification and focus on prevention, early detection, root-cause analysis and sustainable control improvements.
3. DETAILED SCOPE OF WORK
3.1 Finance and accounting
The auditor shall review and conduct 100% vouching:
- General ledger, trial balance, journals and supporting schedules.
- Bank reconciliations, cashbooks and bank balances.
- Accounts payable, receivable, advances and outstanding liabilities.
- Expense classification, cost-centre and project tagging.
- Allocation of shared costs and employee salaries across donor budgets.
- Budget versus actual expenditure and variance explanations.
- Accruals, provisions, prepayments and opening balance adjustments.
- Fixed assets, depreciation, asset registers and physical verification.
- Financial reporting and month-end/year-end closure processes.
- Accounting system access, audit trails and manual adjustments.
- Unusual, duplicate, unsupported or potentially fictitious transactions.
SUBMISSION AND CONTACT
Proposals must be submitted electronically by 31st October, 2026 through the below-mentioned Google Form
Application Form: https://forms.gle/QN8W8BhCBaUb4xnt8
The proposal should remain valid for 90 days from the submission deadline.
Milaan reserves the right to seek clarifications, negotiate scope and timelines, or accept or reject any proposal in accordance with its procurement and governance requirements.
For detailed information, please check the complete version of the RFP attached below.
Download Attachment: Internal Audit_RFP (1).pdf
Documents
Description
REQUEST FOR PROPOSAL (RFP)
Appointment of Internal Auditor
Date of Issue: 15/10/2026
Last Date for Submission: 31/10/2026
Proposed Engagement Period: One year
Issued By: Milaan Be The Change
Head Office: A-329, Block A, Shivalik Colony, Malviya Nagar, New Delhi – 110017
Website:https://milaan.in/
1. ABOUT MILAAN BE THE CHANGE
Milaan Be The Change is a non-profit social impact organisation working with and for adolescent girls and young women to strengthen their knowledge, skills, agency and access to opportunities. The organisation works with communities to challenge gender inequality and enable girls to pursue their aspirations.
Vision: To create an equal and inclusive world where every girl is educated, healthy and safe.
Mission: Empowering girls by advancing their skills, rights, and opportunities to unlock their voice, choice, and potential.
Milaan's work includes programmes focused on adolescent girls' leadership, education, health and well-being, prevention of child marriage and gender-based violence, alumni engagement, and school education.
The organisation works with multiple stakeholders, including institutional and individual donors, implementing partners, schools, communities, state government, employees, consultants and service providers. Its operations involve programme expenditure across locations, donor-specific budgets, statutory and regulatory obligations, and commitments relating to grant utilisation and reporting.
Milaan seeks to strengthen its financial governance, internal controls, compliance systems, risk management and accountability through the appointment of an independent Internal Auditor.
2. OBJECTIVE OF THE ASSIGNMENT
The objective is to appoint a professionally qualified and experienced audit firm to conduct a comprehensive, independent review of Milaan's financial transactions, internal controls, statutory compliance, grant management, procurement, human resources, administration, programme operations and information systems.
The engagement is intended to:
- Verify the accuracy, completeness, authenticity, validity and proper authorisation of financial transactions.
- Ensure that expenditure is supported by appropriate documentation and complies with organisational policies, donor conditions and applicable laws.
- Identify financial irregularities, unsupported expenditure, duplicate payments, potential fraud indicators and control circumvention.
- Assess the adequacy and effectiveness of internal financial and operational controls.
- Review compliance with applicable statutory, regulatory, contractual and donor requirements.
- Evaluate budgetary control, donor fund utilisation and financial reporting.
- Identify weaknesses in processes, accountability, segregation of duties and management oversight.
- Provide risk-rated observations and practical recommendations with clear corrective actions.
- Track implementation and independently validate closure of audit observations.
- Provide management and the Board with an objective assessment of the organisation's control environment and significant risks.
The engagement shall go beyond routine accounting verification and focus on prevention, early detection, root-cause analysis and sustainable control improvements.
3. DETAILED SCOPE OF WORK
3.1 Finance and accounting
The auditor shall review and conduct 100% vouching:
- General ledger, trial balance, journals and supporting schedules.
- Bank reconciliations, cashbooks and bank balances.
- Accounts payable, receivable, advances and outstanding liabilities.
- Expense classification, cost-centre and project tagging.
- Allocation of shared costs and employee salaries across donor budgets.
- Budget versus actual expenditure and variance explanations.
- Accruals, provisions, prepayments and opening balance adjustments.
- Fixed assets, depreciation, asset registers and physical verification.
- Financial reporting and month-end/year-end closure processes.
- Accounting system access, audit trails and manual adjustments.
- Unusual, duplicate, unsupported or potentially fictitious transactions.
SUBMISSION AND CONTACT
Proposals must be submitted electronically by 31st October, 2026 through the below-mentioned Google Form
Application Form: https://forms.gle/QN8W8BhCBaUb4xnt8
The proposal should remain valid for 90 days from the submission deadline.
Milaan reserves the right to seek clarifications, negotiate scope and timelines, or accept or reject any proposal in accordance with its procurement and governance requirements.
For detailed information, please check the complete version of the RFP attached below.
Download Attachment: Internal Audit_RFP (1).pdf