K) How does EUCORD maintain reliable financial accounts?

EUCORD uses a double-entry accounting system. The bookings are done locally and controlled at the HQ level. They are then outsourced to a specialized accounting firm based in Leuven (Belgium) called “De Kleine Prins” specialized in NGO accounting. EUCORD’s accounts are audited in detail by VRC auditors, member of the Kreston International Group. Accountants and staff in country are selected through a thorough selection process.