Audit of publicly funded grants and programs
Why?
Most grants and aid programs financed with public funds include a formal requirement to submit the project’s financial settlement to an audit. This obligation is typically outlined in the grant agreement and is intended to ensure that public money is managed responsibly and in accordance with the approved objectives and budget.
An audit enables verification of whether the expenditures incurred under the project are eligible and whether the project implementation complies with the terms of the agreement and the approved application.
In addition to fulfilling a contractual obligation, appropriate audit procedures help mitigate the risk of mismanagement, abuse, and non-compliance with funding conditions.
For whom?
We assist:
Organizations and entities receiving government grants, subsidies, or public assistance from such institutions as EU, USAID, EBRD, or national and regional government agencies
Beneficiaries of international aid and donor-funded programs,
Public institutions required to demonstrate compliance with funding regulations,
NGOs and non-profits managing multiple funding streams from public and international sources.
How?
Our experts conduct thorough audits tailored to the specific requirements of various funding programs and the legal frameworks governing them. We combine regulatory knowledge with practical insights to review financial documentation, verify compliance, assess internal controls, and prepare comprehensive audit reports.
Our audit process includes, among others:
Reviewing eligibility and documentation of expenditures,
Evaluating adherence to grant agreements and funding rules,
Identifying and advising on risk areas and control improvements,
Liaising with funding bodies on audit findings and recommendations.
