FINANCIAL CAPACITY E1.7 ANGO has the financial human resource capacity to effectively manage its commitments and obligations to DFAT. E1.8 ANGO has the absorptive capacity to meet matching ratio requirements to effectively program and manage the level of ANCP funding provided or anticipated in the next FY. E2: The ANGO assesses, monitors and E2.1 ANGO’s financial systems provide the necessary detail to E2.6 ANGO can demonstrate it works with strengthens the financial management monitor effectively expenditure in a timely manner. implementing partners on an ongoing basis to capacity of its implementing partners strengthen financial management capacity and operate E2.2 ANGO undertakes regular assessment of the financial and risk and affiliates to ensure they have the in a manner that is consistent with good financial and management systems and capacity of implementing partners capacity and commitment to undertake risk management practice. (fiduciary assessment) before contracting. activities in a professionally competent E2.7 ANGO assesses fiduciary risk of implementing E2.3 ANGO regularly receives and reviews project acquittals from manner with regard to financial partners and implements appropriate risk based implementing partners. operations. controls. E2.4 ANGO monitors and responds to the financial management E2.8 ANGO receives and reviews audited financial performance of its implementing partners. This criterion seeks to establish that the statements from implementing partners. E2.5 ANGO assesses that implementing partners have practices in ANGO assesses, monitors and E2.9 If ANGO is working in association with international place to facilitate the prevention, detection and investigation of strengthens the financial capacity of its affiliates, networks or consortiums, the ANGO receives fraud. partners and affiliates. and reviews regular financial statements, expenditure and acquittal reports and independent audits. E2.10 ANGO can request an independent audit of the implementing partners working in association with its international partners, alliances or affiliates, and has the right to withhold funds. E2.11 ANGO undertakes checks of implementing partners to ensure their internal controls (including fraud controls) are operating effectively and that staff are trained in the relevant policies and procedures.
FINANCIAL CAPACITY E1.7 ANGO has the financial human resource capacity to effectively manage its commitments and obligations to DFAT. E1.8 ANGO has the absorptive capacity to meet matching ratio requirements to effectively program and manage the level of ANCP funding provided or anticipated in the next FY. E2: The ANGO assesses, monitors and strengthens the financial management capacity of its implementing partners and affiliates to ensure they have the capacity and commitment to undertake activities in a professionally competent manner with regard to financial operations. This criterion seeks to establish that the ANGO assesses, monitors and strengthens the financial capacity of its partners and affiliates. E2.1 ANGO’s financial systems provide the necessary detail to monitor effectively expenditure in a timely manner. E2.2 ANGO undertakes regular assessment of the financial and risk management systems and capacity of implementing partners (fiduciary assessment) before contracting. E2.3 ANGO regularly receives and reviews project acquittals from implementing partners. E2.4 ANGO monitors and responds to the financial management performance of its implementing partners. E2.5 ANGO assesses that implementing partners have practices in place to facilitate the prevention, detection and investigation of fraud. E2.6 ANGO can demonstrate it works with implementing partners on an ongoing basis to strengthen financial management capacity and operate in a manner that is consistent with good financial and risk management practice. E2.7 ANGO assesses fiduciary risk of implementing partners and implements appropriate risk based controls. E2.8 ANGO receives and reviews audited financial statements from implementing partners. E2.9 If ANGO is working in association with international affiliates, networks or consortiums, the ANGO receives and reviews regular financial statements, expenditure and acquittal reports and independent audits. E2.10 ANGO can request an independent audit of the implementing partners working in association with its international partners, alliances or affiliates, and has the right to withhold funds. E2.11 ANGO undertakes checks of implementing partners to ensure their internal controls (including fraud controls) are operating effectively and that staff are trained in the relevant policies and procedures.