The financial statements are prepared in line with the rules governing the financial framework of IACA and relevant decisions made by its organs. They are based on Generally Accepted Accounting Principles, giving a true and fair view of the Organization’s financial position.

Budget execution

The consolidated budget comprises:

  • the general expenses, containing the essential administration, facility, and infrastructure costs necessary for accommodating and running the organization and the institutional costs necessary for the steering and governance of the organization, and
  • the project/programme funds, containing dedicated funds for programmes and activities and for providing scholarships.

Summary of the profit and loss statement (EUR)

Voluntary contributions

         

1,266,163

Fees from academic and standardized programmes

 

805,260

Revenue from extra-budgetary resources (balance)

 

482,848

Other revenue*

 

827,616

Appropriations for the general structure

 

-3,150,777

Appropriations for the implementation of activities/projects

 

-230,435

Profit according to profit and loss statement (EUR)  

 

675

* Other Revenue line includes income from sales of other products, such as merchandise, and also includes the annual amount for the rent of the facility in Laxenburg. 

Voluntary Contributions for the general budget in 2022 (EUR)


Country 

Amount 

Armenia 

1.000,00 €

Austria1

770.000,00 €

China

200.000,00 €

Chile 

6,644.40 €

Côte d'Ivoire19,999.78 €

Cyprus 

10.000,00 €

Hungary 

10.000,00 €

Kazakhstan 

10.000,00 €

Republic of Korea 

50.000,00 €

The total amount of the received contribution from Austria was EUR 770.000,00. Additional amount of EUR 30.000,00 was still expected to be received and was already considered in IACA’s Financial Statement 2022.

Contributing Partners (Non-State Entities) contributions earmarked for special projects partly implemented in 2022


Other 

Total funding 

 
Siemens Integrity Initiative Third Funding Round$ 1.500.000,00(2020 - 2024)

Siemens Integrity Initiative Golden Stretch Funding Round

$ 2.000.000,00 

(2021 - 2024) 

Nazaha Initiative on the Measurement of Corruption 

$ 874.000,00 

(2021-2024) 

KBA-NotaSys Integrity Fund

           € 150.000,00

 (2021-2023) 

Swiss Federal Department of Foreign Affairs€ 23.500,05(2021-2023)
Romania€ 300.000,00(2021-2023)

Independent External Audit of the financial year 2022

The independent external auditors, appointed by the Board of Governors (BoG) from senior members of the national supreme audit or other suitable institutions of IACA Parties, formed a collegial body of three and conducted the audit in a hybrid format, with one auditor participating online and two auditors being present at IACA premises in Laxenburg, from 25 to 27 April 2023. External auditors act in their personal capacity and enjoy functional and organizational independence in conducting the audit. Following the approval of the Board of Governors (BoG), the findings of the independent external audit are presented and taken note of at the organization’s annual Assembly of Parties.

Scholarships

IACA offers a limited number of scholarships, generally for students from Least Developed Countries (LDCs) as defined by the United Nations, and for citizens from IACA State Parties listed under the World Bank Classification of Countries by Income as the Lower-Middle and Upper-Middle-Income Economies.These highly competitive scholarships are merit-based, and they fully or partially cover the programme fee.

In 2022, IACA offered twenty-eight (28) (IACSA 2022) and nineteen (19) (Academic Programmes) full and partial scholarships to students and participants of its academic programmes and open trainings courtesy of the Siemens Integrity Initiative. The highly qualified participants benefiting from these scholarships hailed the following countries: Afghanistan, Albania, Argentina, Armenia, Azerbaijan, Bangladesh, Brazil, China, Honduras, India, Kenya, Lebanon, Lesotho, Madagascar, Malawi, Mexico, Moldova, Montenegro, Nigeria, Panama, the Philippines, Russian Federation, Senegal, Serbia, Sierra Leone, Tanzania, Uganda, and Zambia.

Under the Empowering Women through Education to Fight Corruption project funded by the Koenig and Bauer Notasys Integrity Fund, 56 female professionals were awarded with scholarships to participate in IACA’s Open Online Trainings. The scholarship recipients represented the following twenty-seven (27) countries: Afghanistan, Argentina, Azerbaijan, Botswana, Brazil, Costa Rica, DRC, Ecuador, Egypt, Ethiopia, Gambia, Guatemala, Iran, Kenya, Lesotho, Liberia, Malawi, Mexico, Nigeria, Peru, Sierra Leone, South Africa, Spain, Togo, Uganda, Zambia and Zimbabwe.

1 Other Revenue line includes income from sales of other products, such as merchandise, and also includes the annual amount for the rent of the facility in Laxenburg.