**UPDATED**Financial Audit Services for UNRWA's Microfinance Department

The Department of Internal Oversight Services (DIOS) wishes to engage the services of an independent audit firm to conduct an annual financial audit on the financial statements of the Microfinance Department.

The objective of DIOS's engagement of the audit firm is to conduct an independent review of the Microfinance Department's financial records, transactions, and operations, and to provide assurance that the financial statements fairly reflect the state of operations. This audit is considered an outsourced internal audit service by DIOS.

The report to be audited is referred to as the Annual Financial Statements of the UNRWA Microfinance Department, and consists of the Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Annual Financial Statements. The financial statements are prepared by the Microfinance Department in accordance with the International Financial Reporting Standards (IFRS).