Boolean Society

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Real Time Audit (RTA) Real time audit is an online procedure whereby all operational actions relating a funded activity, from the receipt of funds, are immediately available for inspection. The process makes use of EDS (Expert Dialogue System) modules which present the current status of accounts in the format of a technical and financial audit. In this way donors and GBI management can monitor program and activity progress in real time and take decisions accordingly. Sponsorship The GBI welcomes offers of support. However, rather than have a general budget the GBI prefers to accept financial donations in support of specific identified actions so as to clarify purpose and provide objective guidance for audit. Financial donations can only be accepted against a Legal Memorandum of Understanding which describes the specific purpose/s for which money has been received. This will include a specific time scale during which the funds should be spent on the pre-defined activities. Real Time Audit (RTA) Any amounts provided in excess of Euro 10,000 must be monitored and managed througha a real time audit which becomes active on the date of transfer of donated funds (see the box on the right). Any donor, be they individual or institutional, can contact the President of the GBI, to discuss sponsorship options and the basis for providing sponsors with acknowledgement for their support. He can be contacted on: info@boolean.org.uk The current activities for which sponsorship would be welcome will be posted here on 26th March 2007.