The Finance, Risk Management, Audit, and Partnerships Unit (FRAPU) is a critical department within AFLIGA. It ensures financial sustainability, accountability, risk mitigation, and the effective management of strategic partnerships. This handbook provides a structured framework for FRAPU’s operations, outlining policies, responsibilities, and compliance measures to support AFLIGA’s long-term vision and mission.

MISSION AND OBJECTIVES

Mission

The Finance, Risk Management, Audit, and Partnerships Unit (FRAPU) is dedicated to ensuring AFLIGA’s financial sustainability, risk mitigation, compliance, and strategic partnership growth. Through rigorous financial oversight, proactive risk management, transparent audit processes, and effective partnership engagement, FRAPU supports AFLIGA’s mission to advance transformative leadership across Africa.

Objectives

To fulfil its mission, FRAPU is committed to the following objectives:

Financial Integrity and Sustainability

• Establish and enforce strong financial policies and controls to ensure responsible fiscal management.
• Develop clear financial guidelines to regulate expenditures, investments, and resource allocation and ensure funds are utilized effectively.
• Implement stringent internal controls to prevent fraud, financial mismanagement, and unauthorized transactions.
• Conduct regular financial reviews and audits to maintain compliance with international accounting standards and regulatory requirements.
• Provide training and awareness programs for staff on financial literacy, compliance, and accountability best practices.

Risk Identification, Assessment, and Mitigation

• Conduct routine risk assessments to identify financial, operational, reputational, and compliance-related risks affecting AFLIGA.
• Develop a comprehensive risk management framework with predefined mitigation strategies for various risk scenarios.
• Establish an early warning system to detect and address emerging risks before they escalate.
• Collaborate with external risk management experts and regulatory agencies to enhance AFLIGA’s risk resilience.
• Maintain a risk register to document identified risks, mitigation measures, and follow-up actions.

Audit and Compliance for Transparency

• Schedule periodic internal audits to assess compliance with financial regulations, policies, and operational guidelines.
• Engage external auditors annually to conduct independent financial assessments, ensuring credibility and transparency.
• Implement corrective action plans based on audit findings to enhance compliance, operational efficiency, and financial accountability.
• Maintain comprehensive audit records and reports, providing stakeholders with evidence of AFLIGA’s commitment to financial integrity.
• Strengthen AFLIGA’s internal control mechanisms by ensuring adherence to national and international financial regulatory frameworks.

Strategic Partnerships and Resource Mobilization

• Identify and engage with donors, corporate sponsors, governmental agencies, and international organisations to expand AFLIGA’s financial and operational capacity.
• Negotiate and formalize partnership agreements that align with AFLIGA’s sustainability goals and long-term development strategies.
• Establish a partnership tracking system to monitor collaboration effectiveness, impact, and alignment with AFLIGA’s mission.
• Foster long-term relationships with key stakeholders through regular engagement, transparent communication, and joint initiatives.
• Develop and implement innovative fundraising strategies, including grant applications, sponsorship agreements, and crowdfunding initiatives.

By achieving these objectives, FRAPU ensures that AFLIGA remains financially stable, compliant with best practices, resilient against risks, and well-positioned for sustainable growth through strategic partnerships.