Locally incurred costs do not only include costs that are “paid” locally. Locally incurred costs include costs incurred in the West Bank, Gaza and Israel, even if paid in or from the U.S. - where it is the auditor’s responsibility to define its materiality. If material, these costs should be audited.
Presentation: Partner Contracted Audit Workshop
USAID/WBG Audit Guidelines ATTACHMENT 3: Guidance on How to Select Appropriate SOW
[insert name of organization] is implementing a USAID funded program and is seeking the services of a listed USAID/WBG audit firm to audit USAID resources managed by ourselves for the period from XXXXX to XXXXX.
The objective of this engagement is to conduct a financial audit of USAID resources managed by the recipient/sub-recipient under the above-mentioned award(s)/sub-award(s).
Comment
Make a general inquiry or suggest an improvement.