Iguality ensures full compliance with legal requirements, donor obligations, and best practices in financial management. Compliance and audit procedures are integral to maintaining accountability, building trust with stakeholders, and mitigating financial risks.
Key areas include:
- Regulatory Compliance: Iguality adheres strictly to relevant legal and regulatory frameworks, including Spanish NGO law, tax obligations and social security contributions for employees and contractors, and donor-specific requirements to ensure proper reporting, fund usage, and documentation.
- Audit Procedures: Iguality implements a robust framework for internal and external audits to identify, prevent, and correct issues. Procedures include open access to internal and external audits at any time, prompt corrective actions in response to any non-compliance, errors, or discrepancies, and implementation of audit recommendations to strengthen internal controls, financial processes, and governance.