REQUEST FOR PROPOSALS
Single Audit for the Fiscal Year Ending December
31, 2024 In Accordance with U.S. Department of
State Requirements.
To: Prospective Bidders
From: MAGENTA FZE
RFP Reference Number: RFP-241024
RFP Issue Date: 24/10/2024
RFP Closing Date: 04/11/2024
RFP Closing Time: 12PM GMT+3
Solicitation POC Email: Centre
Al Shmookh Building
UAQ Free Trade Zone
Umm Al Quwain
United Arab Emirates
2
1. Purpose of the Procurement
MAGENTA FZE (“MAGENTA” or “we” or “us”) is a commercial, for-profit entity with a mission
to create a world where people are empowered to make the best choices for a safe, healthy,
and prosperous life. As part of accomplishing its mission, MAGENTA delivers services to
certain governmental and not-for-profit organizations throughout the world. In connection with
its mission-driven work, MAGENTA applied for and subsequently received multiple federal
financial assistance awards from the United States Government (USG). For the year ending
December 31, 2024, MAGENTA expects to exceed $750,000 in federal expenditures.
Pursuant to the U.S. Department of State Standard Terms and Conditions for Federal Awards1
(“the Standard Terms”), foreign based organizations that exceed $750,000 in federal
expenditures must have a Single Audit conducted in accordance with the Standard Terms.
The Standard Terms are incorporated by reference into MAGENTA’s grant agreements.
MAGENTA is seeking a qualified auditor to carry out either the complete Single Audit of
MAGENTA’s Fiscal Year 2024 financial statements and federal financial assistance awards in
accordance with the Standard Terms. The audit is required to be conducted in accordance
with Government Auditing Standards.
2. Eligibility to Respond and Receive an Award
To be eligible for consideration for an award resulting from this solicitation, respondents must pass all minimum
qualifications included within the “Instructions for Submitting Proposals” section.
3. Questions
All questions regarding this procurement shall be directed to the Solicitation Point of Contact (POC) in writing. See
the solicitation cover page for the POC’s name and contact information. MAGENTA will respond to questions via
an amendment to this solicitation document, if necessary. No pre-proposal conference is planned or anticipated.
4. Key Dates
The following table summarizes key dates within the proposal cycle. The dates may only be changed by the
MAGENTA via a written modification to the solicitation.
Task / Matter Target Date
Clarification Questions Deadline 31 October 2024
Proposal Submission Deadline 04 November 2024
Project Start Date 15 February 2025
Audit Report Issuance and Submission Deadline 15 April 2025
5. Contract
MAGENTA anticipates awarding a fixed fee contract for the full Single Audit (i.e., both the financial statement audit
and the audit of federal expenditures).
1 Version Effective October 21, 2020, accessible at: Centre
Al Shmookh Building
UAQ Free Trade Zone
Umm Al Quwain
United Arab Emirates
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MAGENTA reserves the right to, at its sole discretion, to cancel the procurement, reject all bids or proposals, and/or
to issue no contracts or awards as a result of this process.
6. Option Periods
At MAGENTA’s sole discretion, the agreement
APPENDIX A – STATEMENT OF WORK
1. Scope of Work to Be Performed
a. To meet the requirements of this solicitation, the audit shall be performed in accordance with Government
Auditing Standards and the United States Department of State Standard Terms and Conditions.
b. Entrance Conference. Within seven (7) days of a contract with the successful audit firm being fully
executed, the audit firm shall schedule and lead an entrance conference to discuss the audit scope,
timing of procedures, applicable milestone dates, specify by name all audit team members, identify and
communicate the final list of deliverables as per the audit firm’s review of applicable audit guidance and
requirements, and communicate an initial list of documents needed from MAGENTA.
c. The audit scope will include:
▪ The audit firm must obtain and test the SEFA and the accompanying notes.
▪ Determine whether the SEFA is stated fairly, in all material respects, in relation to
MAGENTA’s financial statements as a whole.
▪ The audit firm should obtain an understanding of MAGENTA and its control
environment, including its internal controls over financial reporting and internal control
over compliance with award terms and conditions.
▪ Report any material weaknesses or significant deficiencies in internal control.
▪ The audit firm must identify the applicable compliance requirements.
▪ Conduct tests to determine if MAGENTA complied, in all material respects, with
applicable compliance requirements.
▪ Report on instances of material non-compliance.
▪ Identify and report any identified instances of fraud, waste, or abuse.
▪ Obtain the Summary Schedule of Prior Findings
▪ Review prior audit reports and recommendations, if and as applicable.
▪ Assess which items require follow-up due to their potential impact on financial data
significant to the audit objectives.
▪ Evaluate whether appropriate corrective action was taken in response to previous
findings and recommendations.
d. The audit firm shall issue an audit report consisting of the items, below, at minimum. It is the proposer’s
responsibility to identify any required revisions to the list below based on the proposer’s review of the
applicable audit requirements and guidance.Business Centre
Al Shmookh Building
UAQ Free Trade Zone
Umm Al Quwain
United Arab Emirates
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for the purpose of this audit engagement and on the schedule of federal assistance in
conformity with the applicable accounting standards (IFRS).
internal control weaknesses noted.
report(s) on internal control.
within a management letter.
e. Management Letter: Should the audit firm deem it necessary or applicable audit guidelines, rules, and
regulations require it, the audit firm shall issue a management letter to MAGENTA’s leadership.
f. Working papers should be retained by the audit firm for a minimum three years and make them available
for examination by authorised representatives of the awarding agency, any Federal oversight agency and
MAGENTA.
g. An exit conference will be required consisting of key members of the audit team for both MAGENTA and
the audit firm. The exit conference can be held remotely.
The audit firm shall also be responsible for assisting MAGENTA with completion of the Data Collection Form, if
required, and submission of the final reporting package to the applicable, appropriate parties.
2. Details of Federal Awards
a. Summary of 2024 actual Federal expenditures as of 9/30/2024 and projected
expenditures as of 12/31/2024
Award No. Project Title Assistance
Listing No.
XPDTRS as
of 9/30
Projected
XPDTRS as
of
12/31
4028000-MFZ1-
03072023
The Tunisia civil
society Activity
197,689.50 USD 346,269.50 USDBusiness Centre
Al Shmookh Building
UAQ Free Trade Zone
Umm Al Quwain
United Arab Emirates
11
SAQMIP23GR0288 DRL Mexico –
TFGBV
(Technology
Facilitated
Gender Based
Violence)
19.345 432,194.70 USD 748,541.7 USD
SAQMIP22GR0362 DRL Iraq –
TFGBV
(Technology
Facilitated
Gender Based
Violence)
19.345 325,032.45 USD Grant ended
SNEAAC22GR0054 US NEA - Strat
Comms support
GoJ
19.600 259,657.60 USD 305,897.60 USD
TOTALS
b. Additional relevant information (i.e., funding agency, location of records, and budget-to-actual)