Assurance

Assurance: What & Why? Awareness of partners internal controls and financial management practicesAwareness of partners internal controls and financial management practices Determination whether funds were used for the purposes intendedDetermination whether funds were used for the purposes intended Checking accuracy of partners reporting on the use of funds to ensure expenditure is true and fairChecking accuracy of partners reporting on the use of funds to ensure expenditure is true and fair

Key Principles Frequency and Scope of the assurance activities depend on the level of identified risks and amount of cash transfers Frequency and Scope of the assurance activities depend on the level of identified risks and amount of cash transfers Invest more in assurance activities for weaker partners Invest more in assurance activities for weaker partners

Assurance: How to do it? Scheduled auditsScheduled audits On-site reviewsOn-site reviews Spot checks Spot checks Special audits to address specific weaknesses Special audits to address specific weaknesses Programmatic assuranceProgrammatic assurance Field monitoring Field monitoring Annual reviews Annual reviews

Scheduled Audit Timing: Once a cycle Timing: Once a cycle Who gets audited: Who gets audited: Every partner receiving more than $500,000 per cycleEvery partner receiving more than $500,000 per cycle Who does the Audit? Who does the Audit? Supreme Audit Institution Supreme Audit Institution Public accounting firm Public accounting firm UN Agency could commission an audit (CPAP Clauses) UN Agency could commission an audit (CPAP Clauses)