Workshop on Financial Management and Auditing of Donor Funded Projects

This training program provides participants with comprehensive knowledge and practical skills in financial management and auditing specifically tailored for donor-funded projects. It covers essential principles, regulations, and best practices that ensure effective financial stewardship and compliance with donor requirements.

Everyone involved in working with the World Bank shares the responsibility of making sure that their limited resources are used to help people effectively. Good practice in financial management will help NGO staff to use World Bank funds to maximum effect, now and in the future.

Upon completion, participants will be equipped with the necessary skills and knowledge to effectively manage finances, ensure compliance with donor regulations, and contribute to the successful implementation of donor-funded projects.

For Whom

This course is designed for finance managers, project managers, accountants, auditors, and other professionals involved in the financial management of donor-funded projects in NGOs, government agencies, and international organizations.

Course Objectives

At the end of the program, participants will be able to:

• Gain insight into the specific financial management requirements imposed by different donors.
• Learn how to develop accurate project budgets aligned with donor guidelines and how to effectively manage financial resources throughout the project lifecycle.
• Master techniques for monitoring financial performance, preparing accurate and timely financial reports, and ensuring transparency and accountability to donors.
• Explore strategies to establish robust internal controls, mitigate financial risks, and prevent fraud and misuse of funds.
• Understand the audit process for donor-funded projects, prepare financial statements in compliance with international standards, and effectively respond to audit findings.
• Build activity-based project budgets, cashflow forecasts and funding grids for effective program planning and implementation
• Review grant contracts to ensure systems comply with donor rules