ISESP Financial Management
1. Financial Management of ISESP
General
Financial Management shall plan and monitor the budget, analyze accounting records
and makes sure there are good financial controls. The main aim of financial management
is to ensure that the best use of ISESP resources are made according to its intended
goal and plan. To accomplish its objectives in transparent and efficient way, the
Executive Committee of ISESP has established the signatory system (combination of
members from IDA and ISESP), for any payments. Before making any payment
effective, matured approval and authorization activities at separated levels will made
based on annual plan. Payments out of approved budget breakdown will be rejected for
consistency and transparency purpose.
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