i. Advise the ALBOP to ensure appropriate system of internal controls addressing risks in financial reporting, regulatory compliance, and office operations. ii. Perform account reconciliations monthly and provide timely reports of such., review and approval of entities/financial reports and segregation of duties. iii. When allocating accounting responsibilities, Contractor will ensure that employees do not have unsupervised access to assets and to the accounting records related to the same assets. iv. General and administrative expenses are reviewed and controlled by management. Budgeting system to be used properly by management team. v. Prepare financial statement for the ALBOP on a monthly basis and perform a compilation engagement with respect to those financial statements. a. Prepare financial statements in accordance with the cash basis of accounting based on information provided by the ALBOP. b. Apply accounting and financial reporting expertise to assist the ALBOP in the presentation of financial statements and any other periodically required financial reports.
