Financial Rules and Regulation Policy

WYFAO has reliable financial systems that guarantee disclosure, accountability, careful management of resources, and effective financial procedures. International Financial Reporting Standards (IFRS) is the basis of the WYFAO Financial Manual which provides a foundation to all financial operations. The Financial Manual outlines the rules for managing and spending grants. All financial transactions are entered, tracked, and monitored by WYFAO using QuickBooks, which can be customized in real time to meet the needs of various donors while maintaining the integrity of the financial information. WYFAO conducts external financial audits by a competent audit firm chosen through a competitive recruitment procedure.