Compliance and Regulations
LGO places a high priority on compliance with relevant financial regulations, reporting requirements, and donor restrictions to uphold accountability and transparency. Our commitment to compliance is reflected in the following practices:
- Adherence to Financial Regulations: We monitor and comply with all applicable financial regulations at local, national, and international levels, including tax compliance and financial reporting standards.
- Reporting Requirements: We maintain accurate and timely financial reporting practices to fulfill obligations to regulatory authorities, donors, and stakeholders. Our financial reports follow recognized accounting standards to provide transparency and accountability.
- Donor Restrictions: We ensure funds received from donors are used according to specified restrictions and requirements, tracking and reporting on their utilization for accountability and transparency.
- Internal Controls: Robust internal control measures are in place to ensure compliance with regulations, reporting requirements, and donor restrictions, preventing financial misconduct, errors, or fraud.
By prioritizing compliance with financial regulations, reporting obligations, and donor restrictions, we demonstrate accountability and responsible financial management.