AWRAD has its own financial manual and procedures. The accountant is responsible for maintaining and controlling the budget, allocation of overheads and for the preparation of financial reports. Independently the internal auditors check and advise on corrective measures to ensure an accurate and transparent financial system. The Accountant follows Financial Management Guidelines of the Organization complying with applicable accounting principles, auditing standards and donor specific rules & regulations. The Executive Director approves all expenditures and the Treasurer checks the account related tasks time-to-time.
Bank Account Operation:
The mother Bank Account of the organization is operated by the joint signatures of the Chairman, Executive Director and Treasurer of the organization according to the approved EC meeting resolution and the approved fund is transferred to the Project Accounts as per the approved budget. The Project Accounts are operated through joint signatures of the Executive Director (mandatory), Program Director or Treasurer and the Project Head as to follow the organizational account policy guideline and donor’s guideline as per project agreement.
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