Continuous Audit. Each request for reimbursement made by the Partner Government is certified by an external auditor acceptable to DFID and the Partner Government. The auditor confirms that the claim is correct and accords with the MOU and is acceptable for payment. Procurement of Goods and Services There are three routes by which goods and services can be procured under the grant. DFID may decide to control the process and buy goods or services directly from the supplier, on behalf of the Partner Government. In these cases, DFID will arrange a separate contract with the respective suppliers. DFID may allow the Partner Government to take partial control of the process by managing and appointing a DFID approved procurement agent to procure the goods and services - refer to guidance below. DFID may allow the Partner Government to take full control of the process and procure goods and services through their own internal processes – refer to guidance below.
Continuous Audit o Each request for reimbursement made by the Partner Government is certified by an external auditor acceptable to DFID and the Partner Government. The auditor confirms that the claim is correct and accords with the MOU and is acceptable for payment. Procurement of Goods and Services
Continuous Audit. In lieu of performing annual audits under paragraph (a) of this section, a national bank may adopt a continuous audit system under which the bank performs, through its audit committee, a discrete audit of each fiduciary activity ( i.e., on an activity-by-activity basis) at intervals appropriate for that activity. Thus, a bank may audit certain fiduciary activities at intervals greater or less than one year, as appropriate. A bank that adopts a continuous audit system shall note the results of all discrete audits performed since the last audit report (including all actions taken as a result of the audits) in the minutes of the board of directors at least once during each calendar year and not later than 15 months after the last audit report.
