In this case study, we focus on our fruitful collaboration with CERATH Development Organisation and how our assistance enabled them to avert a possible suspension of a crucial grant for the completion of their “Power to the Fishers” project.
When they approached Akonu & Partners, CERATH Development Organisation had already completed the first and second years of the project. They were now obligated to submit an expenditure verification report for the second year prepared by an approved auditor to the
Contracting Authority.
This report was a crucial requirement of the Contract Grant issued by the European Union. They needed a comprehensive report to highlight non-compliance with the Grant Contract so that their finance team could identify and address the areas of non-compliance through appropriate remedial action.
CERATH Development Organisation chose Akonu & Partners for our extensive knowledge and recognized our unique expertise and competence in assurance and review engagements in Ghana.
We made recommendations for improvement to reduce
the possibility of non-compliance and penalties by funding agencies. The thorough report gave management the necessary information to correct all non-compliance
and misstatement issues.
Since partnering with Akonu & Partners, CERATH Development Organisation has experienced improvement in their level of compliance and confidence – not only in their current active projects but for those in years to come.
By providing clear advice and actionable solutions, we ensured their “Power to the Fishers” project was compliant and able to receive the grant funding they needed to progress.
If you’re interested in achieving similar results of testing your current compliance systems and internal controls for improvements then the best place to start is with our “Accounting Answers” Strategy Call.
You’ll leave our conversation excited to streamline your books and free up your time to focus on the other essential needle-movers.
And you’ll have a clear path forward to maximize your returns. The best part? You’ll feel stress-free knowing that we can manage every detail so your numbers never become a headache for you again.
What do you say… ready to chat?
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If the answer is a resounding “YES” then let our team of experts help. We’ll keep your business compliant while also removing the stress that usually comes with taxes and accounting. Save time, save money, and leave the number crunching to us.
Last Updated: 24th February 2024
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