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Financial audit


This audit should:

  1. Assess whether the accounting systems and internal control are truly monitor;

  2. Determine if the borrower and the entities implementing the project have maintained adequate documentation on all relevant transactions;

  3. And ensure that expenditures submitted to the Bank are authorized so as to detect any unauthorized expenditure.

The borrower and the entities responsible for the project shall ensure that an independent auditor acceptable by the Bank is be appointed in time, to fulfill its responsibilities, which include conduct a review of management systems beginning of the financial implementation of the project, and at regular intervals thereafter.