Audit readiness for NGOs: from source documents to the report
Course · 2 days · online or in Kyiv
A two-day practical course for NGO directors, finance and grant managers and project accountants. We follow the whole path from a source document to the financial report to the donor and work through participants’ own cases.
In short
Audit readiness for NGOs: from source documents to the report
“Audit readiness for NGOs: from source documents to the report” runs over 2 days of 4 hours each, online in Zoom or in person in Kyiv. Day 1 covers what the auditor checks and how to support costs, day 2 covers donor reporting, risks and getting ready for the audit. It is led by MK Audit auditors and accountants who work with donor-funded projects.
Who it is for
- NGO directors who sign donor reports
- Finance and grant managers
- Project accountants
- Teams with a grant audit scheduled in the coming months
Format
2 days, 4 hours a day, online in Zoom or in person in Kyiv, with participants’ cases
Programme
- Day 1: engagement types, audits under ISA 800 and ISA 805, ISRS 4400 agreed-upon procedures, EU, UN and GIZ requirements
- Day 1: cost eligibility under the grant agreement and budget
- Day 1: source documents, contracts, acceptance certificates, work reports, payments to sole proprietors (FOPs) and non-residents
- Day 1: procurement thresholds, comparing quotes, conflicts of interest, the procurement file; timesheets and salary allocation
- Day 2: the financial report to the donor and its reconciliation with the books
- Day 2: currency, exchange differences and VAT in a grant project
- Day 2: in-kind contributions, co-financing, sub-grants and the lead partner’s responsibility
- Day 2: typical audit findings, responding to a management letter, readiness checklist
After the training you will be able to
- identify the type of engagement your grant agreement requires and what follows from it
- put together a procurement file and source documents that meet the donor’s rules
- reconcile the donor financial report with the books and explain differences
- draft responses to points raised in a management letter
How pre-registration works
Leave a request in the form below. When a group is formed, we send the date, the hour-by-hour programme and the terms. Registering does not commit you to anything.
Questions
When will the training take place?
We will announce the date once a group is formed. Everyone registered hears first and gets the hour-by-hour programme.
Online or in person?
The programme is the same. In person in Kyiv suits work with paper documents, online suits teams from other cities. Choose the format in your request.
Can we bring our own documents?
Yes. We work through participants’ situations during the course. Confidential documents are better discussed in a separate session for your team.