Standard
FIDUCIARY RISK MANAGEMENT STANDARDS TO BE MET BY IMPLEMENTING ENTITIES
The potential NIE is required to provide a written inventory of the current
practices, policies, procedures and guidelines that exist within the
organizational environment that will allow it to meet the required standards as
agreed by the Adaptation fund Board. The potential NIE will also have to provide
documentation that supports its written statements.
The Adaptation fund Board
and the accreditation panel have provided some guidance to potential NIEs to
help them with each of the standards required. Supporting documents are to be
either attached with the application. A link to the document on the internet is
also acceptable. A reference to the document, without it being attached or
linked, is not acceptable and will potentially delay or affect the accreditation
process, as will an incomplete package.
Required Competency: Financial
Management and Integrity
Specific Capability Required:
Managing and disbursing funds efficiently and with safeguards to recipients on a
timely basis
Illustrative means of verification:
- A control framework that is documented with clearly defined roles for
management, internal auditors, the governing body, and other personnel
Supporting document to be attached: Policy or other published document that
outlines the entity's control framework
- Financial projections demonstrating financial solvency
Supporting document to be attached: Business plan/corporate budgets for the
next fiscal year
- Demonstration of proven payment / disbursement systems
Supporting document to
be attached: Procedures describing the payment/disbursement system