The FINANCIAL AUDIT of EXTERNALLY FUNDED PROJECTS is essential to:
- Ensure full compliance with CONTRACTUAL OBLIGATIONS and DONOR REGULATIONS.
- Guarantee efficient and proper use of NON-REIMBURSABLE FUNDS.
- Maintain TRANSPARENCY and CREDIBILITY with INTERNATIONAL DONORS and STRATEGIC PARTNERS.
- Provide clear and relevant FINANCIAL REPORTING for EUROPEAN PROGRAMS and BILATERAL PROJECTS.
- Monitor compliance with INTERNATIONAL STANDARDS ON AUDITING (ISA).
This type of AUDIT ensures that PROJECTS fully meet all ELIGIBILITY CRITERIA, BUDGET RULES, and EXPENDITURE GUIDELINES established by FUNDING AUTHORITIES, safeguarding both the BENEFICIARY and the DONOR. It also guarantees that financial resources are USED EFFECTIVELY, DOCUMENTED PROPERLY, and aligned with the objectives and expectations of international funding bodies.
IMPACT AUDIT – EXPERTISE THAT TRANSFORMS PROJECTS
Our AUDITORS are CERTIFIED EVALUATION EXPERTS with recognized experience in the WESTERN BALKANS MOBILITY SCHEME, including:
- Management of INTERNATIONAL PROGRAMS: ERASMUS+, TEMPUS, CLIMATE KIC.
- Coordination of complex INTERNATIONAL and BILATERAL PARTNERSHIPS.
Project benefits include:
- Deep understanding of INTERNATIONAL DONOR REQUIREMENTS and STANDARDS.
- Practical and tailored solutions for BENEFICIARY CHALLENGES.
- Turning AUDITS into a STRATEGIC TOOL FOR PROJECT SUCCESS.
- Enhancing TRANSPARENCY and TRUST in FINANCIAL REPORTING.
This level of EXPERTISE ensures that FINANCIAL REPORTS and REIMBURSEMENT CLAIMS are ACCURATE, COMPLETE, and ACCEPTED PROMPTLY by FUNDING AGENCIES, minimizing delays and increasing the efficiency of project management and financial monitoring.
ISRS 4400 – AGREED-UPON PROCEDURES provides a structured framework for verifying PROJECT EXPENDITURES and supporting documentation, delivering a REPORT RECOGNIZED AND TRUSTED BY INTERNATIONAL DONORS for reimbursement claims.
Applicable for EXTERNALLY FUNDED PROJECTS:
- REIMBURSEMENT CLAIMS for NON-REIMBURSABLE FUNDS.
- Verification of EXISTENCE, LEGALITY, and ELIGIBILITY OF EXPENSES.
- Review of supporting DOCUMENTS and PROCUREMENT PROCEDURES.
- Issuance of the ISRS 4400 REPORT, recognized by INTERNATIONAL FUNDING AGENCIES.
Typical procedures:
- Reviewing INVOICES, CONTRACTS, PAYMENT ORDERS, and MINUTES.
- Confirming amounts spent in accordance with the approved BUDGET.
- Identifying INELIGIBLE or DOUBLE-FUNDED EXPENDITURES.
- Documenting procedures agreed with the DONOR for CLAIM VERIFICATION.
OUR SERVICES
- Verification of EXISTENCE, LEGALITY, and ELIGIBILITY of EXPENDITURES.
- Certification of REIMBURSEMENT CLAIMS and FINANCIAL STATEMENTS.
- Confirmation of BUDGET COMPLIANCE.
- Audit of PROCUREMENT PROCEDURES.
- Preparation of INDEPENDENT FINANCIAL AUDIT REPORTS in accordance with ISA.
- Issuance of the ISRS 4400 REPORT.
- Consulting and support for DONOR AUDIT PREPARATIONS.
Strategic benefits for clients:
- Fast REIMBURSEMENT without delays.
- Reduced risk of rejection of CLAIMS.
- Optimization of ELIGIBLE EXPENSES.
- Increased CREDIBILITY with INTERNATIONAL DONORS.
- Efficient, independent, and internationally recognized AUDIT.
- Full support for compliance with EXTERNAL FUNDING RULES.
- Enhanced PROJECT MANAGEMENT and financial transparency for all stakeholders.
LexBridge Audit is officially registered in the State Register of Audit Organizations of the Republic of Moldova under registration number 2507147. This status attests to our high level of professionalism, full compliance with applicable legislation, and commitment to international standards of audit, transparency, and legal reliability
Auditors of LexBridge Audit hold professional certifications in the field of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), obtained through professional training and certification programs organized by the Anti-Money Laundering and Countering the Financing of Terrorism Service (SPCSB), in line with international standards and best practices set by FATF/GAFI. LexBridge Audit expertise covers audit engagements in regulated sectors and environments with high compliance requirements, including financial audit, audit of non-profit organizations (NGOs), as well as audits of projects funded through international grants, external funding, and European Union programs.
EXTERNALLY FUNDED PROJECT AUDIT – PRICING & CUSTOM OFFERS
At LEXBRIDGE AUDIT, each PROJECT receives a CUSTOMIZED OFFER, with TRANSPARENT and COMPETITIVE PRICING, tailored to the specific requirements of the project.
Factors influencing audit costs:
- Complexity and ORGANIZATIONAL STRUCTURE.
- Volume and diversity of DOCUMENTATION.
- Level of FINANCIAL AND FISCAL RISKS.
- Degree of compliance with INTERNATIONAL DONOR REQUIREMENTS.
What we offer:
- FREE ASSESSMENT and PERSONALIZED OFFER, with no obligations.
- Accurate and reliable ESTIMATES from CERTIFIED EXPERTS.
- Full TRANSPARENCY – know exactly what you invest and the benefits you gain.
Request your personalized offer today – with PROFESSIONALISM, TRANSPARENCY, and GUARANTEED RESULTS!