Audit and controls: your confidence, our priority
A government auditor examines CAMELEON’s accounts every year by to certify that the annual accounts show no irregularities. This audit verifies the elements justifying amounts and information provided in the annual accounts. It also includes an assessment of the accounting principles used, the significant estimates retained, and a presentation of the overall accounts.
The government auditor certifies that our annual accounts are – according to the rules and principles of accounting – in order and genuine, and provide a faithful indication of the outcome of operations, as well as of the association’s financial situation and holdings.
As part of its work, CAMELEON is subjected to regular controls by the donors who finance its activities. Some donors conduct field visits to CAMELEON to review the efficiency and management of funds, as well as the results and impact on project beneficiaries. These “audits” allow our donors to continue financing the association with full confidence.
At the end of every program cycle (every 3 or 5 years), CAMELEON undergoes an external evaluation to better understand its processes and the impacts (positive or negative) on its objectives and targeted results. This external evaluation is not a control, but rather provides a set of recommendations to which we pay careful attention and which we closely follow in order to improve our work.
CAMELEON follows a policy of rigorous internal audit through monitoring and reporting. Internal auditors conduct field visits to ensure that the utilization of funds corresponds to program objectives. This internal audit is independent and objective, and provides CAMELEON with an assessment of its operations, recommendations for improvement, and opportunities to create value-added. This audit helps CAMELEON attain its objectives by systematically and methodically evaluating its risk management, oversight and governance, and by proposing ways to increase their efficacy.
CAMELEON takes responsibility for its own internal controls. They consist of a number of resources, codes and procedures adapted to the specific characteristics of the association that allow CAMELEON to achieve its goals, effectively operate, and use its resources efficiently. Internal controls help CAMELEON take into account significant risks whether operational or financial. Internal control more specifically aims to ensure conformity to laws and regulations, application of instructions and orientations defined by the Directorate-General and the Board, as well as effective internal procedures and reliable financial information. Internal controls are therefore not limited to one specific procedure, or solely to accounting and financial processes.