Establishing Effective Auditing Practices for Accurate Cost Determinations
Time: 1:20 pm
day: Day Two
Details:
• Determining actual costs for project participants, including salaries, overheads, labor burdens, and taxes, to ensure fair and transparent IPD contract payments
• Recognizing the importance of selecting competent auditors who understand IPD principles ensuring the project’s financial integrity
• Understanding the criteria used to assess the accuracy of cost reports including what auditors look for in company books, how they report findings, and how to interpret these reports to improve transparency and accountability
