Financial transparency

Each year, the Coginta committee submits the financial statements for approval by the members of the association, presented at the general meeting by the treasurer. These are previously verified by an approved expert auditor, responsible for ensuring that Coginta's accounts and results comply with Swiss law and the statutes. The financial report is then published in our annual report, for the sake of transparency.

In 2022, our resources amounted to 29 EUR and 671% were public funds. Please note that funds entrusted to Coginta may be subject to expenditure verification exercises, 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 fixed assets, for example equipment)
• management of cash and bank accounts (treasury)
• salary and working time management
• accounting and financial information
• internal controls, particularly financial

In 2022, no expenditure was declared ineligible during the 14 expenditure audits that were conducted in 8 countries. You will find more details in our various annual reports available on this site.