Financial Reporting and Audit. For the purpose of improving financial transparency and efficiency in public resource use, the Recipient has prepared annual financial reports for at least forty (40) HEIs for the fiscal year 2008 (incorporating all revenues, expenditures and funding sources). For the purpose of ensuring adequate oversight of public fund through audits, the Recipient has completed the audit of the 2008 financial year of at least twenty (20) institutions of HEIs under the control of the MOET.
Financial Reporting and Audit. 10.1 It is the responsibility of the Council to make sure that it complies with all relevant Law and follows the best practice recommendations of relevant accounting and audit professional bodies when preparing and publishing its Annual Report and Accounts.
Financial Reporting and Audit. 1. The GMCA expect to place significant reliance on the adherence by the Council to the CIPFA Code of Practice on Local Authority Accounting in the UK.
Financial Reporting and Audit. A. Reporting to the Board/Financial Statements The chief executive officer and/or chief financial officer of each Foundation and Affiliate shall provide its board with periodic financial and managerial reports. Each Foundation and Affiliate shall prepare annual financial statements in conformity with GAAP and have them audited by a licensed, independent certified public accounting firm (CPA) in accordance with generally accepted auditing standards. To enable the University to include pertinent information in its annual financial statements, the audit committee and board, if applicable, must accept the audited financial statements within 90 days after the close of a Foundation’s fiscal year.
Financial Reporting and Audit. 21.1 The ESFA shall specify its requirements as to the information to be contained in the College’s financial statements and how they must be reported in accordance with best practice in the further education sector.
Financial Reporting and Audit. For the purposes of improving transparency and efficiency in the use of public resources and ensuring adequate oversight of public funds:
Financial Reporting and Audit. 1. For the purpose of improving financial transparency and efficiency in public resource use, the Recipient has prepared annual financial reports for at least forty
Financial Reporting and Audit. For the purposes of improving transparency and efficiency in the use of public resources and ensuring adequate oversight of public funds: Prepare annual financial reports for at least twenty (20) HEIs for the fiscal year 2007 (incorporating all revenues, expenditures and funding sources).
Financial Reporting and Audit. The service provider will establish a system for financial management, accounting and audit in the first six months: The service provider will open a separate account for the PSP from which all expenditures will be made and into which all inflows will be deposited. All partners will be expected to maintain separate books of accounts for all expenditures incurred. The service provider and each implementing partner will hire properly qualified staff to maintain the financial management system. The service provider and its consortium partners will provide costed annual work plans. The service provider will provide DFID with quarterly financial reports which include an assessment of value for money. The quarterly financial and performance reports and DFID annual reviews will be used to assess the programme’s and service provider’s performance and influence payments. Payments will be linked to outputs; where the nature of the payment is input oriented staff will be required to maintain time sheets, record all expenditures incurred on the programme activities and keep original copies for the record for the entire duration of the programme. An inventory of all assets procured under the programme will be maintained by the service provider. At the end of the programme period or once contracts have been completed, DFID will decide in consultation with key stakeholders how best to dispose of assets acquired with DFID funding. The service provider will appoint a recognised firm of international standing acceptable to DFID to conduct annual audits of its accounts and those of implementing partners. All audit reports will be shared with DFID. These will test whether funds have been spent as intended and that organisations are delivering value for money.
