Our client had spent eight years and approximately $60 million dollars in executing the micro, small and medium enterprises project in Nigeria. The project was World Bank funded and three pilot states were strategically selected as beneficiary states. The project had come to an end and an audit was required to measure the impact of the project. GTC Consulting won the bid to carry out an operational audit on the project in 2011.

Methodology:

The four components of the project were also audited, specifically the access to finance for MSMEs and the business development service. The economy, efficiency and effectiveness of the project management unit and the executing agency were evaluated and scrutinised by our team of practitioners. The audit exercises were made up of a team of auditors who worked directly with the client and the project management unit on their premises, gathering records, evidence and information.

Location:

Abuja, Nigeria Field researches across all 37 states.

Results:

The operational audit was successful. GTC was able to make valuable recommendations confirming the impact of the MSME project and validating the extension of the project into phase 2.