Service Lines - GRB Link

Our Services Offered

Portfolio of Services   |   Comparisons   |   Methodology

Portfolio of Services

The Grants and Review Board offers a diverse portfolio of services to support and add value to the Jamati and AKDN Institutions.

Financial Systems and Controls Audit

Assess the efficiency and effectiveness of internal controls utilized to manage the financial and accounting function of an institution. These audits are completed to promote proper standards of fiscal and management discipline and evaluate implemented measures at the process level designed to prevent, deter, and detect deviation from established controls to reduce risk and vulnerability.

Financial Statement Audit

Often completed together with financial systems and controls audits, a financial statement audit assesses whether financial statements (income statement, balance sheet, cash flow statement, etc.) present fairly, in all material respects, the financial position, results of operations, and sources and uses of funds in accordance with applicable accounting standards.

Management Audit

Assess the extent to which Institutional management-related resources are managed efficiently and economically and the extent to which accountability relationships are served.

Information Technology Audit

Examination into an institution’s current IT systems and controls to provide assurance that the IT infrastructure and interfaces are secure, follow industry best practice standards, and meet internal policies and objectives.

Social Audit

A systematic examination and analysis of the impact of programs and services on the stakeholders.

Facilities Management Audit

Evaluates the effectiveness of post-construction management systems, controls, and contracts in the overall management of a particular facility.

Monitoring And Evaluation

The GRB supports Jamati institutions in developing and improving processes and frameworks for the monitoring, evaluation and impact assessment of programmes. GRB can work with individual boards and portfolios to design programme-specific templates that will help the institutions monitor programming initiatives on an ongoing basis, ensuring that long-term goals and objectives can be met.

Human Resources Audit

Human Resources (HR) audit, which is a subset a management audits, examine an institution’s HR capacity to sufficiently support its programmatic and organisational needs. The audit also seeks to examine the extent to which HR risks are adequately identified, documented, and addressed by the entity..

Construction Audit

Systematic and objective examination of construction-related systems, practices and processes and provide an opportunity to introduce sound and effective cost management controls and promote best practice standards of construction management.

Comparisons

Between Financial, Management And Social Audits

	Financial Audit	Management Audit	Social Audit
Definition	Assess the efficiency and effectiveness of internal controls utilized to manage the financial and accounting function of an institution.	Assess the extent to which Institutional management-related resources are managed efficiently and economically and the extent to which accountability relationships are served.	A systematic examination and analysis of the impact of programs and services on the stakeholders.
Objective	Opinion on whether financials are stated in accordance with accounting standards.	Develop conclusions and recommendations for improvement of management practices.	Review impact of programs / services on stakeholders.
Type of evidence	Written, confirmation, primarily quantitative	Oral (primary), written, primarily qualitative, includes document review	Qualitative and quantitative, oral, written, confirmation
Audit criteria	Generally Accepted Accounting Principles (GAAP)	Reflects good management practice	Baseline data, benchmark outcome levels / targets set by Institutions or industry
Auditor qualification	Accounting	Multidisciplinary, management consulting background	Management consulting background, social work, subject matter professional depending on audit topic
Length of audit	1-2 months	1-2 months	3-6 months +
Value add for Institution	Provides pathway for fiscal standards, controls and management practices, including risk mitigation procedures, are in place and complied with.	Provides the Institutions’ management an assessment of their performance and recommends better practices for more effective management and operation.	Provides assessment of outcomes (intended or unintended) and recommendation to improve services, if necessary.

	Financial Audit
Definition	Assess the efficiency and effectiveness of internal controls utilized to manage the financial and accounting function of an institution.
Objective	Opinion on whether financials are stated in accordance with accounting standards.
Type of evidence	Written, confirmation, primarily quantitative
Audit criteria	Generally Accepted Accounting Principles (GAAP)
Auditor qualification	Accounting
Length of audit	1-2 months
Value add for Institution	Provides pathway for fiscal standards, controls and management practices, including risk mitigation procedures, are in place and complied with.

	Management Audit
Definition	Assess the extent to which Institutional management-related resources are managed efficiently and economically and the extent to which accountability relationships are served.
Objective	Develop conclusions and recommendations for improvement of management practices.
Type of evidence	Oral (primary), written, primarily qualitative, includes document review
Audit criteria	Reflects good management practice
Auditor qualification	Multidisciplinary, management consulting background
Length of audit	1-2 months
Value add for Institution	Provides the Institutions’ management an assessment of their performance and recommends better practices for more effective management and operation.

	Social Audit
Definition	A systematic examination and analysis of the impact of programs and services on the stakeholders.
Objective	Review impact of programs / services on stakeholders.
Type of evidence	Qualitative and quantitative, oral, written, confirmation
Audit criteria	Baseline data, benchmark outcome levels / targets set by Institutions or industry
Auditor qualification	Management consulting background, social work, subject matter professional depending on audit topic
Length of audit	3-6 months +
Value add for Institution	Provides assessment of outcomes (intended or unintended) and recommendation to improve services, if necessary.

Audit Methodology

Our audit methodology is based on a comprehensive 6-phase lifecycle starting from pre-planning to follow-up. Specific areas of review for each phase are noted below.