Expenditure verification/Audit of the financial statements of projects

Expenditure verification engagements or engagements on the audit of the financial statements of projects have as their goal to report to the provider of funds (donour or creditor) if the beneficiaries use the funds received in accordance with the schedule or the agreement. By this procedure the auditor checks the accuracy of the information specified in the financial statement of beneficiaries and compares them with the terms of the loan/donation agreement.