ICCO COOPERATION REPORT – DCI-FOOD/2012/290717
2012-2013
contracted activities of the Action by examining the nature of the expenditure with supporting documents. Our examination revealed that ALL expenditures verified both in the budget and in financial report are necessary for the action for the period under review. ERRORS AND EXCEPTION There were no errors and exception found. Management Comments Noted
(6)
Records (Article 14.1d) FACTUAL FINDINGS The Auditor verifies that expenditure for a selected item is recorded in the Beneficiary(ies)’s accounting system and was recorded in accordance with the applicable accounting standards of the country where the Beneficiary is established and the Beneficiary’s usual cost accounting practices. Our examination revealed that ALL expenditures verified both in the in financial report are recorded correctly and Generally Accepted Accounting Principles had been used for the period under review. ERRORS AND EXCEPTION There were no errors and exception found. Management Comments Noted
(7)
Applicable legislation (Article 14.1e) FACTUAL FINDINGS The Auditor verifies that expenditure complies with the requirements of tax and social security legislation where this is applicable (for example: employers part of taxes, pension premiums and social security charges). Our examination revealed that ALL expenditures verified in the in financial report comply with all requirements of tax and social security legislation had been used for the period under review. ERRORS AND EXCEPTION
` There were no errors and exception found. Management Comments Noted
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Johnson & Johnson