Audit of Donor Funds.
|ADDRESS: Gulu District||DURATION Approx. 2 months|
|COUNTRY: Uganda||LOCATION: Gulu Municipality|
|START DATE: June 2015 COMPLETION DATE: Aug 2015|
NAME OF SENIOR STAFF INVOLVED:
Tusiimire Gad Z (Engagement Partner), Kisekka Joseph Mukasa (Audit Manager), Magara Ezra (Audit Senior)
NARRATIVE DESCRIPTION OF PROJECT/CLIENT:
AIDAFRICA is an International Donor Funded Organisation. It operates in the Districts of Gulu and Jinja.
Its Major Activities are Conservation of Energy and Environment. It’s Involved in making Energy saving stoves and awareness creation on how to conserve the Environment.
DESCRIPTION OF SERVICES PROVIDED:
Audit of financial statements for the year ended 31 Dec 2014 and mainly carried out the following tasks:
Reviewed the financial statements, budgets, revenues and expenditure reports; Assessed compliance with the applicable regulatory framework; Evaluated the internal control structure and capability to properly identify and account for relevant Revenue, Expenditure and other assets in accordance with the Financial and Accounting Regulations and Donor requirements; Reviewed other relevant laws and regulations, which if not observed could have material effect on the financial statements; Confirmed whether revenue and expenditure were handled as required; Ascertained whether Assets were safeguarded and records properly maintained in accordance with IFRS ,Regulations, and other applicable standards / guidelines; Carried out audit tests / procedures to provide reasonable assurance in detection of errors, irregularities and illegal / non-compliance acts that could have a material direct or indirect effect on financial statement amounts; Checked if goods and services were procured in accordance with the’ Regulations / guidelines, work plans and budgets; Reviewed records and other information relating to revenue and expenditure and determine whether allowable, collectable, allocated, reasonable, valid and accurate; Checked if Donor funds were received and used in accordance with agreed terms and conditions, and for the purposes for which the funds were provided; Reviewed documentation to determine whether Grants and Locally generated revenue were received, recorded and used for the intended purposes and within the relevant regulations and guidelines; Established the existence of all appropriate documents for revenue and expenses and whether the transactions and records were in accordance with the Local Government Development Plan, Financial Regulations and other applicable laws, regulations and guidelines.