Audit and Assurance

IRFE undergoes regular independent audits to ensure the integrity of our processes, data, and governance. This page details our audit framework and assurance measures.

Audit Scope

Comprehensive Audit Coverage

Annual audits examine:

Process Integrity: Verification procedures and scoring accuracy
Data Security: Protection of candidate and registry information
Governance Compliance: Adherence to ethical standards and policies
Financial Operations: Budget management and funding transparency
Methodology Consistency: Application of evaluation frameworks

Audit Firm

Independent Auditor

IRFE engages:

Firm: Grant Thornton International
Specialization: Non-profit governance and compliance auditing
Independence: No financial or operational ties to IRFE
Qualifications: Certified public accountants with industry expertise

Audit Frequency

Regular Audit Schedule

Annual Comprehensive Audit: Full review of all operations
Mid-Year Process Review: Methodology and governance check
Ad-hoc Investigations: As needed for specific concerns
Post-Award Verification: Following major announcements

Public Audit Summary

Audit Report Availability

IRFE publishes:

Executive summary of audit findings
Confirmation of process integrity
Any recommendations for improvement
Management response to findings

Report Contents

Public summaries include:

Audit scope and objectives
Key findings and conclusions
Assurance level provided
Future improvement plans

Assurance Measures

Quality Assurance Program

Ongoing assurance includes:

Internal control reviews
Peer review of scoring decisions
Random sampling of verification processes
Stakeholder feedback integration

Risk Management

IRFE maintains:

Comprehensive risk assessment framework
Incident response procedures
Business continuity planning
Insurance coverage for operational risks