AU WATCH

Finance, Human Resource and Audit Program

“Everything is possible. Impossible just takes a little longer.”

Wendy Ackerman, Co-founder and Executive Director of Pick ‘n’ Pay Stores

 

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The Finance, Human Resources and Audit Directorate prepares the budget annually for financial years starting 1 January and ending 31 December. The Executive Director acts as Chief Accounting Officer to the organization. The budget is considered by the Board of Directors, which takes decisions relating to programs and human resource matters.

Mandate of the FHRAC

  1. The Committee is charged with supervising the organization’s human resources and finance strategies and overseeing and approving the annual budget, the financial policy and performance of AU Watch, including the financial out-turn and statutory accounts, audit matters, and strategic human resources matters.

 

  1. It has responsibility through its audit machinery to ensure that funds received are properly spent.

Mission Statement:

To empower its staff and operate a transparent and accountable organization which is able to deliver goods and services to its various publics. With our resources, we strengthen relationships between citizens and the state, so they can work towards better public security, jobs and access to justice. We promote positive change and strengthening social cohesion across vulnerable communities.

Vision Statement:

To empower our staff, local people, including women, young people and businesses, to help shape the decisions that affect their lives.

Values:

Efficiency and Effectiveness: Resources available to us are used optimally to ensure that programs are well delivered. We take a networking approach that takes advantage of available resources through other players.

Transparency and Accountability: We believe in transparency and accountability with regards to all matters pertaining to the organization. As such, our interactions will be transparent and open to scrutiny.

Equal Opportunities: We strive to be an equal opportunities team and welcome everyone regardless of race, religion, gender, sexual orientation or disability.

The FHRAC is a subcommittee of the SLG and the Board of Directors.

SOURCES OF FUNDING

AU Watch’ funding comes from a variety of sources, including fundraising, membership fees, project research, foundation grants, conferences fees and publication sales.

 FUNDRAISING

  1. Marketing
  2. Trading
  3. capital appeals
  4. Major donor development
  5. Corporate partnerships
  6. Legacies
  • Partner Funding
  • Donor Funding
  • Sponsors of Particular Projects

 

OUR WORKING PRACTICE

The Finance, Human Resources and Audit Program role is to administer and ensure compliance with the organizations financial rules and regulations, as well as budgetary and accounting policies and procedures for the smooth running of programs. The Directorate has three divisions: Financial Management, Human Resources and Audit.

The Finance, Human Resources and Audit Program is responsible to:

  1. Draw up the budget of the organization.
  2. Develop and implement policies, rules and regulations for the effective use of budgetary programs and funds.
  3. Monitor implementation of programs against the allocated budget.
  4. Report on the organization’s expenditure.
  5. Manage and report on human resource and audit matters.

The Directorate has custody of all funds, property and evidence of indebtedness of the organization. It receives and give receipts and acquittance for moneys paid in on account of the organization, and pays out of the funds on hand all bills, payrolls, and other just debts of organization, of whatever nature, upon maturity.The Directorate enters regularly in books to be kept by its officers for that purpose, full and accurate accounts of all monies received and paid out on account of the organization and performs all other duties incident to the office of finance department and as may be prescribed by the Governing Council.

The Directorate is also responsible for supervising the audit functions of the organization, ensuring that the organization’s rules and procedures in place are effective. Its role is to undertake internal audits, investigations and inspections as well as evaluations of the adequacy and effectiveness of internal control systems and operational activities, including liaising with external auditors. The Directorate issues annual and periodic reports and makes recommendations aimed at improving internal control and organizational efficiency and effectiveness. It submits reports on each activity audited to the Strategic Leadership Group and the Governing Council.

For more information on Finance, Human Resources and Audit Committee and its Directorate and what you can do to assist the team, please email: [email protected].