Fund based Audit focuses on delivering Funding Agency report and opinion on projects sponsored by them. International NGOs and Other Social Sector Organizations are primarily funded by international funding agencies, giving a wide scope on effectiveness of implementing the purpose of funding.
Our experience in this area with international and national funding agencies coupled with team of chartered accountants gives us an edge in this area.
Primary functions of fund based services are:
- 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.