ACFID Code of Conduct
Quality Principle 8. Resource Management
Development and humanitarian organisations acquire, manage and report on resources ethically and responsibly.
We ensure that funds and resources entrusted to us are properly controlled and managed.
Members can control and manage their financial resources and risks.
The Verifier for this Compliance Indicator requires that members have:
Policy, procedure or guidance documents that address:
- Risk management and control mechanisms.
- Financial wrong-doing, especially fraud, corruption, counter-terrorism and money-laundering and violation of sanctions imposed by the Australian government.
- Checks of individuals and organisations receiving funds against the Criminal Code list of terrorist organisations and the DFAT consolidated list of individuals and entities subject to targeted financial sanctions.
- Appropriate and effective internal controls.
Members are required to extend the financial wrongdoing requirements of this compliance indicator and verifier to partners through MOUs or similar
Other Code of Conduct sections with controls that support the prevention of financial wrongdoing:
Quality Principle 4. Quality and Effectiveness
Development and humanitarian organisations and responses are informed by evidence, planning, assessment and learning.
We analyse and understand the contexts in which we work.
Members assess and manage risk in their development and humanitarian activities.
Quality Principle 5. Collaboration
We respect and understand those with whom we collaborate.
Members undertake due diligence and capacity assessments of organisations with whom they work in formal partnerships.
Quality Principle 7. Governance
We meet our legal and compliance obligations.
Members are registered and meet their reporting and legal obligations to the relevant authorities.
Quality Principle 8. Resource Management
Development and humanitarian organisations acquire, manage and report on resources ethically and responsibly.
We source our resources ethically.
Members have organisational standards for the acceptance of donations.
Members have organisational standards for the procurement of goods and services.
Quality Principle 9. People and Culture
We enable our people to conduct themselves professionally and according to our stated values.
Members specify the expectation of professional conduct of all staff and volunteers.