External Audit Services

LIVE LOVE Lebanon is implementing the RDPP-funded project “DECENT & SUSTAINABLE LIVELIHOODS IN THE CIRCULAR ECONOMY”. The audit includes both the financial audit as well as the compliance and performance audit of the project.

Based on the financial information and other information provided by LIVE LOVE Lebanon, the MFA will determine whether all legislative and regulatory requirements linked to the funds granted have been complied with.

The overall objective of the audit is to provide the MFA with confidence in financial information provided to the MFA by LIVE LOVE Lebanon. By providing an opinion on the financial statements, and by reporting findings and observations, the audit company provides part of the basis on which the MFA will assess the compliance of relevant legislative and regulatory requirements.

The objective of the financial audit is to obtain reasonable assurance whether the funds granted through the MFA are free from material misstatement. Based on the audit evidence obtained, the objective is thereby to express an opinion on whether the financial statements are free from material misstatement.

The overall objective of the compliance audit is to obtain reasonable assurance whether transactions covered by the financial statements comply with the appropriations granted, statutes, other regulations, agreements, and usual practice. Similarly, the objective of the performance audit is to make an assessment to obtain reasonable assurance whether the systems, processes, or transactions examined support the exercise of sound financial management in the administration of the funds granted through the MFA.

The audit will also aim to provide LIVE LOVE Lebanon with an external assessment of the financial capacity and established business processes. This includes providing observations and recommendations as part of the audit.