Project & donor fund audits
Donors and funding agencies require a high level of assurance that their funds have been used for the agreed purpose in the manner that was intended. Ecovis Audit Algeria audits a significant number of projects and donor funded organizations or secretariats within the African continent. We understand what donors expect, as they need comfort that expenditures have been incurred for the intended purposes and that their funds were utilised effectively.
In Donor Agency-Funded Projects, the Implementing Partner assume responsibility for ensuring the adequacy of their overall supervision and management. It is responsible for making sure that an adequate and reliable system of internal control is built into the project.
The agencies are accountable to the donors for the quality, timeliness and effectiveness of the services they provide and the activities they carry out as well as for the use of funds provided to them.
The accountability of agencies refers to:
- Substantive accountability for the conducting of all project activities – whether implemented by them directly or by other organizations on their behalf;
- Financial accountability for all funds provided to them for projects;
- Custodial accountability for all equipment, vehicles and other such assets entrusted to them – whether purchased by an executing agency using donor agency advances or reimbursements, or purchased directly by agencies on behalf of an executing agency.
