Fiscal Agent Services Global Fund
Fiscal Agent Services Global Fund, Nigeria
The Global Fund to Fight AIDS, Tuberculosis and Malaria 2015 - 2017
Project Summary – The Fiscal Agent (FA) shall provide a broad range of financial management services to the clients in implementing the activities funded by The Global Fund.
The FA shall work with the clients to ensure that all requests to commit funds and/or to make payments as part of the grant implementation are carried out correctly. In this capacity, the FA shall diligently oversee, discharge and perform all services necessary to ensure that all financial management activities are conducted in strict compliance with the principles, rules, and procedures set out by The Global Fund and local Government.
The clients work throughout provinces and Sub-Recipients, which are national and international NGOs.
The objectives of the FA assignment are:
a) to mitigate the risk of fraud or misuse of grant funds;
b) to ensure the continuity of program implementation in high risk environments by ensuring that safeguards are in place with respect to Global Fund investments;
c) to ensure effective controls on the use of Global Fund grant funds and that all payments are eligible, justified and adequately supported;
d) to ensure that financial records for all transactions are maintained accurately and on a timely basis; and
e) ensure that the Principal Recipient’s and CCMs reporting to the Global fund is accurate, timely and in accordance with the Grant Agreements and any applicable policies and guidelines of The Global Fund.
GFA B.I.S. Services – GFA B.I.S. was commissioned by GFA Consulting Group to provide IT consulting services. In a first step, GFA B.I.S. consultants analyzed the accounting systems at the two Principal Recipients (SAP and Quickbooks Enterprise). In a second step, a detailed plan for optimizing and re-configuring of the accounting systems was elaborated together with the partner organizations in order to fulfill the The Global Fund requirements concerning transaction coding and automated enhanced financial reporting.
Finally, the consultants monitored the implementation of the re-customization during several missions at site.