The Harmonized Approach to Cash Transfers (HACT) framework was first adopted in 2005 by different UN agencies for transferring cash to government and non-governmental Implementing Partners (IPs).

Objective of HACT audit is to obtain reasonable assurance as to whether the financial statements are from material misstatement and prepared in accordance with the required reporting requirements.

Potential Challenges:

• Determining compliance with standard accounting practices;
• Ascertaining the level of maintenance and safe-guarding of assets in place;
• Verifying that funds are utilized for the purpose of the program.

How we can help:

• Assessing an organization’s key internal controls;
• Carrying out audits in accordance with the relevant national and international audit standards;
• Reviewing the adequacy and timeliness of financial and operational information;
• Performing test checks on accounts and documents;
• Preparing reports that are concise and easy to understand.