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Financial Audit 2011

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CiDA_Financial Audit_2011

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Financial Audit 2011

  1. 1. tJJcJ6oacqmbJaq06o6aq0 qJ LJJo6LaqoJ00oJoaJJ60J GeorgianAudit&ConsultingComp;"t"" A CroweHorwathBusinessAllianceAssociate INDEPENDENTAUDITORS'REPORT Nameof Entity: CivilDevelopmentAgency YearEnd:3!.L2.11, To:ManagementoftheCivilDevelopmentAgency Wehaveauditedtheattachedstatementof incomeandexpendituresby projectfor theyear endedDecember37, 20LL [the financialreport). The financialrepoit i0t1 comprises contributionsandexpensesfor theperiodfromJanuaryL,2077to December3L,2011.The totalexpensesamountedto GEL599,780.ThetotalinstallmentsreceivedareGELTZg,7B0. The financial report is the responsibilityof the Civil DevelopmentAgency. Our responsibilityis to expressan opinion on the financialreport 2011 as requiredby the InternationalStandardsonAuditing. It is CIDA'sresponsibilityto manageandusethe fundsreceivedfrom the donorsaccording to the agreementsbetweenthe donors and CIDA.Our responsibilityis to ensurethai administrationof thedonorfundstakesplacein a satisfactorymannerandthatthe financial reportingproperlyreflectstheproject. We conductedour audit in accordancewith the InternationalStandardson Auditing.Our reportis in accordancewith the auditingstandardISAB05"special Considerations- Audits of SingleFinancialStatementsand SpecificElements,Accountsor Items of a Financial Statement".Generallyacceptedauditingstandardsrequirethat we plan and performthe auditto obtainreasonableassuranceabout: satisfactorysecuringdonor funds,includingassetsacquiredin accordancewith the donation Theauditincludes: evaluationof the used accountingstandardstogetherwith an assessmentof the contentsandpresentationofthe financialreport to budget we believethatourauditprovidesa reasonablebasisforouropinion. Inouropinion: accountinginformationrequiredby the InternationalStandardson Auditing,together with satisfactorysecuringdonorfunds,includingassetsacquiredin accordancewith the donation L6March,201,2 h,hcc go0r6$gqrobA.2,oJbobob6ob63bOe6O6o, tloJo<trog3qpro,oboqgrobo Palace,4thfloor,2 Gamrekelist. , Georgia tiPirq Tel.:(99532129o4s 22;Tet./Fax:(99532)2go4s 23:E-mait:gacc@caucasus.net

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