IFED has written organizational policy on financial policies( financial management manual in terms of reporting, authorization and segregation of duties), human resource management and administration systems, procurement procedures and personnel management manuals. IFED has written policy and procedures against fraud and any other forms of dishonesty with the steps and procedures on how to deal with these practices if suspected or discovered. The policy applies to Board of Directors and staff and other bodies associated with IFED.
IFED has internal/external audit control systems in terms of financial and programme auditing. Independent auditors are contracted to audit the projects which are funded by external funding partners to ensure transparency, accountability and openness. Internally, an annual audit is exercised by an audit committee from the Board of Directors of the organization to monitor and ensure the performance of the management and staff practice.
IFED has Anti-bribery and anti-corruption policy that comply with the United Kingdom Bribery Act (UKBA), the U.S Foreign Corrupt Practices Act (FCPA), UN organizations and any other local anti-bribery or anti-corruption laws that may be applicable to jurisdictions where the IFED may conduct its business. IFED signed the following anti corruption declarations with the UN organizations:
Declaration of Non-Support for a United Nations Designated entity
Declaration of Accurate Information
Declaration of recognition of UN compliance activity(ies)