External Audit for the Lao Football Federation (LFF) Financial Statements for the Year 2025

Request for Proposals

External Audit for the Lao Football Federation (LFF) Financial Statements for the Year 2025

1. Title

Recruitment of External Auditor for the Audit of Lao Football Federation (LFF) Financial Statements for the Year Ended 31 December 2025.

2. Background

The Lao Football Federation (LFF) is the national governing body responsible for promoting, regulating, and developing football in Lao PDR. LFF receives financial support from various sources, including the Fédération Internationale de Football Association (FIFA), the Asian Football Confederation (AFC), the ASEAN Football Federation (AFF), sponsors, and domestic revenue.

To ensure transparency, accountability, and good governance in financial management, LFF requires the services of an independent and qualified external auditor to perform an audit of its financial statements for the fiscal year ending 31 December 2025.

The audit will cover all funds and activities managed by LFF during the year, including FIFA Forward Program funds, AFC development funds, sponsorships, and domestic operations.

3. Objective of the Assignment

The objective of this audit is to enable the auditor to express a professional and independent opinion on whether:

- The LFF’s financial statements for the year ended 31 December 2025 present fairly, in all material respects, the financial position and results of operations in accordance with applicable accounting standards; and

- The funds received have been used in accordance with the purposes intended, with due regard to principles of economy, efficiency, and effectiveness.

4. Scope of Work

The audit will be conducted in accordance with International Standards on Auditing (ISA) and will include such tests and procedures as the auditor considers necessary to form an opinion. Specifically, the auditor shall:

1. Verify that all revenues and expenditures have been properly recorded, classified, and disclosed in accordance with applicable accounting standards and LFF policies.

2. Confirm that funds received from FIFA, AFC, sponsors, and other sources have been used only for their intended purposes.

3. Review the internal control systems to determine whether adequate safeguards are in place to protect assets and prevent fraud or misuse of funds.

4. Examine procurement and payment procedures to ensure compliance with relevant financial and procurement regulations.

5. Review the bank accounts, reconciliation statements, and cash management systems.

6. Assess compliance with donor and partner requirements.

7. Identify any weaknesses in financial management and make recommendations for improvement.

5. Deliverables

The auditor shall provide:

1. Audit Report and Opinion: Expressing a clear opinion on the financial statements and use of funds.

2. Management Letter: Outlining any internal control weaknesses, non-compliance issues, and recommendations for improvement.

6. Reporting and Timeline

The audit shall cover the financial year from 1 January 2025 to 31 December 2025. The auditor will begin fieldwork no later than April 2026 and submit the final Audit Report and Management Letter to LFF management no later than 31 May 2026. Reports must be submitted in English.

7. Qualification Requirements

The external auditor (firm) must:

- Be a legally registered and independent audit firm in Lao PDR.

- Be a member of the Lao Chamber of Professional Accountants and Auditors (LCPAA).

- Have at least three (3) years of experience in auditing NGOs, sports federations, or international donor-funded organizations.

- Ensure that the audit team includes qualified professionals with CPA or equivalent credentials.

8. Submission of Proposals and Required Documentation

Interested and qualified firms should submit a technical and financial proposal that includes the following documents:

- Company profile with description of services, key clients, and past experience in external audit.

- Latest company registration certificate.

- Valid business license.

- Sector-specific license for audit or professional services.

- Latest tax payment certificate.

- Description of the proposed audit methodology.

- CVs of key staff.

- Proposed work plan and timeline.

- Financial proposal (audit fee and other costs).

Kindly submit the set of required documents listed above to email: contact@laoff.org.la no later than 9 January 2026

9. Payment Terms

The audit fee and payment schedule will be agreed upon between LFF and the selected audit firm prior to contract signing.