Annual Audits of Program Financial Statements

Audit of the financial statements of the PRs and the SRs is a core element of the Global Fund’s fiduciary framework, and the requirement for external annual audit is specified in Article 13 (for PRs) and Article 14 (for SRs) of the Grant Agreement.  The Guidelines for Annual Audits of Program Financial Statements provide more detail of the audit policy framework, including relevant approach where Global Fund co-finances a program with other donors. The audits are due to the LFA within six months of the end of a PRs fiscal year.

The Guidelines for Annual Audits of Program Financial Statements highlight that PRs must require all SR programs to be audited using a similar approach to that in the Guidelines and that copies of the SR audits must be submitted to the PR who in turn must forward a copy of these audit reports to the LFA.