External Audits of Microfinance Institutions: Annexes

December, 1998     Robert Peck Christen, Richard Rosenberg

Volume 1 is geared towards the clients of MFI external audits: boards of directors and managers of MFIs, donors, creditors, and investors. It reviews the difference between internal and external audits, details specific audit issues associated with MFI loan portfolios, and provides concrete suggestions on how to commission an external audit, including writing the terms of reference and selecting the auditor. Volume 2 is geared towards external auditors, furnishing an overview of the microfinance industry for auditors unfamiliar with these financial institutions, and guidance on a range of audit issues specific to MFIs. to refer their auditors to the External Audit handbook.