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:
  1. 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
  2. Financial projections demonstrating financial solvency
    Supporting document to be attached: Business plan/corporate budgets for the next fiscal year
  3. Demonstration of proven payment / disbursement systems
    Supporting document to be attached: Procedures describing the payment/disbursement system