ATC FINANCIAL MANAGEMENT
Financial issues in every institution play the most key rolls for achieving the goal and objectives, as well as this factor is introduced as a technical part of the projects too, therefore, as ATC demonstrate this issues very well since 1989 while its starts work as first Humanitarian Mine Action organization Afghanistan.
ATC signed a contract with UNITED NATIONS for demining project, an amount USD189,000 in this period ATC start with book keeping system for financial management of this said money, but on time reporting of expenses to the donor based on their requirement convinced, them to release more fund for next year to ATC.
The financial position of ATC developed year to year, from 1990 start finance computerized programs for recording and reporting issues of the projects, since 1989 ATC practice difference type of reporting and recording of the finance transactions
In this period ATC ask by donors for several type of reporting and, which is very will demonstrate and meet the donor’s requirements.
ATC respect and thanks for all donors donation, to Afghanistan mine action program and especially to this program Implementing partner Afghan Technical Consultants (ATC) as ATC the largest IP in this program, therefore received the major fund of mine action to Afghanistan through UNITED NATION MINE ACTION PROGRAM in Afghanistan.
ATC is committed to all donors, government of Afghanistan and Afghan people for the below mentioned activities.
ATC finance system stands on accountability, integrity, efficiency , and effectiveness for when every receive fund for any project based on mentioned system start the projects any time any where ready to donors and afghan people for accountability, therefore ATC received always more fund than others for mine action different methodologies.
ATC finance strongly follows external and internal SOP of finance for its all daily activity and as well as field finance activity, operating system is design base of above mentioned SOPs
Our responsibility is to express an opinion on this statement based on our audit. We conducted our audit in accordance with international standards on auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the statement is free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the statement. The procedures selected depend on auditor’s judgment, including the assessment of the risks of material misstatement of the statement, whether due to fraud or error. In making those risk assessment ,the auditor considers internal control relevant to the entity preparation and fair presentation of the statement in order to design audit procedures that are appropriate in the circumstance , but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimate made by management as well as evaluating the overall presentation of the statement.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Financial reports are prepared on monthly and quarterly bases all financial reports are developed based on project contract requirements in donor format.
Some times for different projects different formats are used to meet the donor requirement currently in UNOPS project financial reports we have the fallowing components
- Income financial Statement
- Trail balances in used currencies
- Bank Reconciliation statement
- Fund reconciliation statement
- Exchange gain loss on conversion statement
- Advances schedule