Industry · Public sector & NGOs

Audit of the public sector, NGOs and donor-funded projects

Public institutions, government agencies, international organisations, NGOs and donor-funded projects: an environment where compliance with financing agreements and the traceability of the use of funds take precedence over the logic of profit.

The sector's accounting and financial issues

Compliance with financing agreements

Each donor imposes its own rules: eligible expenditure, procurement procedures, authorisation thresholds, reporting formats and justification timetable. The audit consists first of all in verifying that the use of funds complies with these contractual commitments.

Traceability and justification of expenditure

The audit trail must be complete: from the supporting document to the project's financial statement, through the budget allocation. Any break in this chain exposes the project to an expenditure rejection by the donor.

Multi-currency accounting and specific closings

Financing in foreign currencies, the exchange rates applied and the closing calendar specific to each project add a technical complexity that must be mastered from the set-up of the accounting system.

How we work in this sector

Statutory and contractual audit

Our engagements cover the financial audit of projects, the verification of expenditure eligibility against the agreements, the review of procurement procedures, the examination of the internal control system and the production of the reports expected by donors.

Accounting and outsourcing

Set-up and keeping of project accounts, budget monitoring by financing line, preparation of financial statements and disbursement requests, assistance with closing.

Transaction advisory

Independent valuations and financial analyses, studies and special engagements at the request of organisations and their financial partners.

Points of attention

  • Eligibility of expenditure under the agreement
  • Compliance with procurement procedures
  • Completeness of the audit trail
  • Treatment of foreign-currency transactions
  • Compliance with the donor's reporting formats and deadlines

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