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Appointment of External Auditor 2015 - 2017

Appointment of External Auditor 2015 - 2017. By Dr Paulos Nyirenda Afrinic Board Audit Committee Chair 6 June 2014. Beyond connection: Internetworking for African Development. Audit Committee Mandate. Committee of the Afrinic Board Charter approved by Afrinic Board - online

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Appointment of External Auditor 2015 - 2017

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  1. Appointment of External Auditor 2015 - 2017 By Dr PaulosNyirenda Afrinic Board Audit Committee Chair 6 June 2014 Beyond connection: Internetworking for African Development

  2. Audit Committee Mandate • Committee of the Afrinic Board • Charter approved by Afrinic Board - online • http://www.afrinic.net/en/about-us/our-structure/bod • Some challenges in implementing charter – secretary • Oversee / review • Audit – Financial reporting – Financial control • Risk management • Monitor compliance with applicable laws • Recommend appointment of external auditor

  3. RFP issuance • RFP prepared by Audit Committee • Agreed at committee meeting in March • Presented to Board in April 2014 • Available online: • https://afrinic.net/images/stories/Library/news-pub/audit-2015-2017.pdf • Circulated to all eligible firms in Mauritius (92) • listed by Financial Reporting Council of Mauritius • Successfully issued to 44 firms • Faced issues similar to those in WHOIS

  4. RFP Processing • Proposals received from 13 firms in sealed envelops • technical proposal and • fee proposal • Opened in a formally scheduled event • Assessed at Committee meeting in May • Evaluation criteria in Appendix 1 of RFP • Results presented to the Board on 1 June

  5. RFP Results • KPMG scored the highest in evaluation • Score order: KPMG, PWC, EY, Deloitte • Approved by Board • Board recommends to AGM that KPMG be appointed the next Afrinic External Auditor • Bylaw 7.6 (vii) • If agreement cannot be reached with KPMG then offer should next go to PWC and then to next one in the order • Issue new RFP if no agreement reached with those on the list of 4 above

  6. Auditor Appointment Resolution • Resolved: Afrinic 2014 AGM hereby appoints KPMG as Afrinic external auditor to carry out audit for the 2014 financial year. • Requires simple majority to pass

  7. Thank you for your Attention Questions? twitter.com/flickr.com/ facebook.com/linkedin.com/company/youtube.com/www. afrinicafrinicafrinic afrinic afrinic afrinic media .net

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