Comprehensive Internal Audit Consultancy for CBS

FEDERAL GOVERNMENT OF SOMALIA Ministry of Finance REQUEST FOR EXPRESSION OF INTEREST (REOI) Country: Federal Government of Somalia (FGS) Name of the Project: Somalia Productive, Resilient and Inclusive Growth Project (SPRING) Assignment Title: Consultancy Services for Internal Audit Services Project ID: P501662 Individual/Firm: firm Selection Deadline for submission of EOI 10th June 2026 at 4:00pm Ref No. SO-MOF-542808-CS-CQS 1. Background : The Federal Government of Somalia (FGS) has received financing from the World Bank through the Somalia Productive, Resilient and Inclusive Growth Project (SPRING Project) and intends to apply part of the proceeds of the above project to finance Consultancy Services for Internal Audit for Central Bank of Somalia (CBS). 2. Responsibilities: The firm will be responsible for assessing and strengthening CBS’s Internal Audit function by reviewing audit systems, identifying gaps against IIA Standards, improving audit tools and workflows, enhancing QAIP, training and coaching staff, preparing the department for external quality assessment, and submitting required progress and final reports. All other specific tasks detailed in the Terms of Reference (TOR) for the assignment can be found at the following website link: https://centralbank.gov.so/wp-content/uploads/2026/04/TOR-for-Comprehensive-Internal-Audit-Consultancy.pdf 3. Duration: The firm is expected to complete the proposed assignment within 12 months. 4 . The Ministry of Finance now invites eligible consulting firms (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff etc.). The shortlisting criteria are as follows: Core business of the firm; The firm shall have at least 10 years of e