GUIDELINES FOR FINANCIAL AUDITS CONTRACTED BY FOREIGN RECIPIENTS

Mandatory Reference for ADS Chapter 591

February 2009

Overview

The Guidelines for Financial Audits Contracted by Foreign Recipients (Guidelines) are to be used by independent auditors in performing recipient-contracted audits required by USAID agreements with non-U.S. recipient organizations. These organizations are referred to as "recipients" or "foreign recipients" throughout these Guidelines. "Agreements" or "awards" are defined as USAID-funded grants, contracts, cooperative agreements, and loans. The Guidelines also provide guidance to recipients in selecting independent auditors to perform the audits.