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Welcome Home Ministries Africa

ASSIGNMENT:

Annual Financial Audits

ADDRESS:

Jinja Municipal Council

DURATION OF ASSIGNMENT:

Approx. Two months

COUNTRY:

Uganda

LOCATION:

Jinja District

STAFFING:

–          Tusiimire Gad Z

–          Joseph Mukasa Kiseka

–          Magara Ezra

–          Mwebesa Silver

–          Serwada John

START DATE:                                                                                      COMPLETION DATE:

October 2011                                                                                            December 2011

NARRATIVE DESCRIPTION OF PROJECT/CLIENT:

Wellcome Home Ministries Africa Uganda is an NGO catering for Orphans and Vulnerable Children. It was Established in 1986 its Main Activity is caring for orphaned children. It is funded by individual donors from international community.

DESCRIPTION OF SERVICES PROVIDED:

Audit of financial statements for the year ended 31st Dec 2010 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 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;  the organisation’s Assets were safeguarded and records properly maintained in accordance with 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, Non-conditional 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, Financial Regulations and other applicable laws, regulations and guidelines.