Where We Work : Uganda : Monitoring and Auditing

BRAC has strengthened its monitoring and internal audit functions in Uganda and swift, decisive action is taken in cases of mismanagement and misappropriation. A major achievement for the 15-member monitoring department was to decrease the cash in hand and cash at bank at the field level so that the idle money couldn’t hamper the productivity of programmes. The audit department ensures the accountability and authenticity of every financial transaction and financial statement. This department also pinpoints if there is any mismanagement and misallocation of financial resources in different programmes. Currently eight auditors are working to verify all bill vouchers, accounts, money transfers, petty cash, daily collection register, cash book, loan security withdrawal and instalment sheet for the microfinance and small enterprise programmes in Uganda.