Fund-based Audit focuses on delivering reports and opinions on projects sponsored by funding agencies. International NGOs and other social sector organizations are primarily funded by international funding agencies, providing a broad scope for assessing the effectiveness of the funding's implementation.
Our experience with international and national funding agencies, along with our team of chartered accountants, gives us an edge in this area.
Primary functions of fund based services are:
- Funding Agency Reporting would cover that report generated to funding agency meets its requirement.
- Financial Risk Analysis which covers that funds are not effectively and efficiently managed as per the donor agency budgeting and TOR guidelines
- Fiduciary Risk Analysis which covers that funds
(i) are not used for the intended purposes;
(ii) are not properly recorded and accounted for; and
(iii) do not achieve the value-for-money objectives of the programs they finance. - Propriety and Efficiency Audit
- Funding Agency Reporting would cover that report generated to funding agency meets its requirement