IDI Financial Statements

Funding

IDI is a non-profit organisation receiving its funding from different donors. The main contribution to IDI is provided by the Norwegian Parliament, through a dedicated grant to the National Audit Office of Norway (NAO Norway). The funding from NAO Norway is mainly covering the operational expenditures of the IDI secretariat in Oslo. In addition, IDI is receiving generous grants to cover the cost of the Capacity Development Programmes and the INTOSAI-Donor Secretariat from the Swedish International Development Agency (SIDA), Global Affairs – Canada, SAI Saudi Arabia, European Commission, the Norwegian Agency for Development (NORAD), Austrian Development Agency, Asian Development Bank, Irish Aid, State Secretariat for Economic Affairs –Switzerland, Ministry of Foreign Affairs – Norway, INTOSAI Journal, SAI Latvia and INTOSAI.

Accounting and Auditing

As a Norwegian Foundation, IDI has to follow the Norwegian Accounting Act and the Norwegian Accounting Standards.

An external auditor, currently EY Norway, audits the financial statement of the IDI. The IDI Board appoints the auditor for a three-year term. The audit of IDI is conducted in accordance with laws, regulations, and auditing standards and practices generally accepted in Norway, including International Standards on Auditing. According to Norwegian Auditing Act of 1999, management letters are only issued when serious issues of non-compliance with rules and regulation are identified. IDI has never received a management letter since it was established in Norway in 2001.