Credit & Debt Management

Audit Objectives:

1. To assess the efficiency and effectiveness of construction management controls designed and implemented to manage the Project, including those related to change orders, materials management, bidding and tendering, financial systems and accounting, etc.
2. Provide an independent assessment on the quality control measures implemented to manage the construction including an opinion on the quality of work, materials, and craftsmanship.

Audit standards (best practices) for payroll and compensation line of inquiry

Terms of reference for a financial systems audit of the practices and policies related to monthly funding. The two objectives in the ToR are
1. Conduct a detailed reconciliation of the inflows and outflows related to the monthly/quarterly funding requests; and
2. Review the efficiency and effectiveness of the financial systems and controls implemented to manage the funding requests including reporting, record keeping, segregation of duties, etc.