Auditing of Donor Funded Projects
Auditing of donor funded project is challenging given the complexity and nature of projects. In addition, key stakeholders may have different expectations. In addition, managers and officers working with donor funded projects are faced with competing demands such as the management of projects within budget, quality and time.
The development partners expect prudent management of financial resources and that financial reports are submitted within the time frames stipulated in the project document. Target beneficiaries expect to get value for money through an array of benefits that trickle down to them. Dilemmas that characterize the finance and audit processes for project managers within donor-funded project settings can be daunting if the project team is ill-equipped in the finance and audit functions.
This is particularly so because the final accountability for project financial and human resources
lies with the project managers. Auditors have a greater role to play.
The programme is designed for managers and officers whose work is closely related to donor funded projects and community based projects. Participants may be drawn from the public sector, NGOs or private sector
organizations engaged in projects that entail public-private partnerships.
At the end of the programme, participants will be able to:
- Analyze the importance of project management in donor funded projects;
- Develop a comprehensive plan for conducting successful audits in donor funded projects;
- Evaluate the role of internal auditing in the implementation of donor funded projects;
- Apply risk-based auditing techniques to effectively assess donor funded projects;
- Create clear and concise reports to communicate the findings of donor funded project audits;
- Monitor and evaluate the outcomes of donor funded project audits to ensure compliance and effectiveness.