Catalog

	Table of Contents
p. 11 of 24 BACK | NEXT The Asian Development Bank Mobilizing Private Capital Assistance to Private Enterprises Eligibility for ADB Assistance Advantages of Working with ADB Extent of ADB Assistance Appraisal Criteria Loan Terms Security Procurement Accounting and Auditing Arrangements Corporate Governance Environmental Considerations Role of ADB in Supervising Investments Risk Principles for Investment Funds Sale of ADB Equity Investment Commercial Cofinancing Complementary Financing Scheme Guarantees Export Credit Agency Cofinancing Applying for ADB Assistance Processing Procedures Illustrative Private Sector Projects of ADB Contact Information

ADB’s Private Sector Operations: Catalyzing Private Investments Across Asia and the Pacific

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Accounting and Auditing Arrangements

Accounts and financial statements of the enterprise must be audited at least annually by an independent auditor acceptable to ADB.The audited financial statements must be submitted to ADB together with the auditor ’s reports to management,directors,and shareholders.ADB encourages project entities to adopt best practices for audit committees,and adhere to internationally accepted accounting principles,designed to ensure adequate financial control during project implementation and operation.

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