Financial transparency

Each year, the Coginta committee submits the financial statements, presented at the general meeting by the treasurer, for approval by the association's members. These are previously verified by an approved auditor, Comtesas + Gerficom SA, responsible for ensuring that Coginta's accounts and results comply with Swiss law and the statutes.

In 2023, our resources amounted to CHF 66. It should be noted that the funds entrusted to Coginta may be subject to expense verification audits, the terms of which are determined by the donors, depending on the nature of the contract.

If necessary, an approved auditor is responsible for verifying:

• Documentation, archiving and record keeping
• The eligibility of expenses and revenues
• Public procurement and origin rules
• Asset management (management and control of assets
• immobilized assets, for example equipment)
• Management of cash and bank accounts
• (Treasury)
• Salary and working time management
• Accounting and financial information
• Internal controls, particularly financial

Comtesas + Gerficom SA acknowledges that the annual accounts for the financial year ending December 31, 2023 comply with Swiss law and the association's statutes, and give a true and fair view of the financial position, results of operations and cash flows, in accordance with the Swiss Standard on Ordinary Auditing.

In 2023, no expenditure was declared ineligible during the 10 expenditure audits that were conducted in 7 countries.

Coginta also attaches the utmost importance to risk management in all areas: legal and legal compliance, human resources, fraud and corruption, information management, finance, strategy, safety and security. Coginta is constantly striving to improve its internal control system by developing policies and procedures that meet international standards and the requirements of our financial partners.