Catalog

A.

Authenticity/Timeliness

YES

NO

NA

Remarks

1.

Are the annual project accounts signed by the entity's management?

2.

Is the audit report signed by the auditor?

3.

Was the report received within a reasonable time after signing?

4.

Was the report received within the period covenanted?

B.

Opinion/Findings

YES

NO

NA

Remarks

1.

Was the auditor's report unqualified?

2.

Was the examination asserted to be made in accordance with generally accepted uniform standards of auditing?

3.

Does the audit report include an opinion as required by the ADB on the:
-        Utilization of the loan funds?
-        Use of imprest fund?
-        Statement of expenditure procedures?
-        Conformity with ADB's procurement guidelines?

4.

Does the report include any material findings in detail affecting:
-         utilization of loan proceeds (e.g. diversion of ADB funds, utilization for aspects where counterpart funds should have been used, etc.)
-         project implementation (e.g. delays, bottleneck, procedural lapses in procurement)
-         statement of expenditures
-         imprest fund
-         agreed upon matters by ADB and Borrower that require special audit attention
-         others

5.

Does the report address the auditor's objectives under the Loan Agreement?

6.

Are the categorization and analysis of expenditures representative of the project activities based on the categories in the Loan Agreement?

7.

Does the construction of the receipts and expenditures of this statement and supporting data provide satisfactory financial evidence of the results of activities conducted for the project?

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