Report of the Independent Auditor on the IFRC’s Financial Statements of the project focused on the Emergency Appeal Philippines - Typhoon Rai, MDRPH045

The period covered in the scope of audit is December 18, 2021 to December 31, 2022

Opinion

We have audited the accompanying financial statements of the project focused for the Emergency Appeal Philippines - Typhoon Rai, MDRPH045. The period covered in the scope of audit is December 18, 2021 to December 31, 2022, which comprise the statement of income and expenditure and notes to the financial statements including a summary of significant accounting policies for the period ended December 31, 2022.

In our opinion, the accompanying financial statements for the Emergency Appeal Philippines - Typhoon Rai, MDRPH045 are prepared, in all material aspects, in accordance with IFRC accounting policies set out in the notes to the financial statements.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the IFRC in accordance with the ethical Standards Board for Accountants (IESBA) Code of Ethics for Professional Accountants, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter – Basis of Accounting and Restriction on Distribution and Use

We draw attention to Note 2 to the financial statements, which describes the basis of accounting. The financial statements are prepared to assist the IFRC to comply with the financial reporting provisions of the IFRC. As a result, the financial statements may not be suitable for another purpose. Our opinion is not modified in respect of this matter.

Responsibilities of the Management for the Financial Statements

The Management of the IFRC is responsible for the preparation of this financial statement in accordance with the accounting policies set out in the notes and for such internal control as the Management of the IFRC determines is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.