02 Sep 2025
Project audits for grants and lenders
Funders want to know the money was used as agreed — not only that the entity’s accounts balance.
Grant and loan covenants often need a project audit or agreed-upon procedures, in addition to the statutory opinion. The report has to match the donor’s format and the budget lines they approved.
CML Associates plans these engagements against the agreement, not against a generic audit programme.