To ensure that the financial statements provide a true and fair view of the federations’ assets and financial position, the 65 National Sports Federations undergo an annual audit as required by law by the Higher Sports Council (CSD). The audit also verifies compliance with the adaptation of the General Accounting Plan (PGC) to the sports federations and the budget settlement rules imposed by the CSD.
Auditors from the 65 Sports Federations
Since 2019 , the CSD has appointed us— PKF Attest —as the auditor for the aforementioned federations. The most recent contract was awarded in December 2024 and covers the financial statements for the years 2024, 2025, and 2026.
Given the operational and budgetary diversity of each federation, the CSD required:
1. Conduct annual financial audits to verify the assets and financial status of the 65 sports federations.
2. Oversee compliance with and adaptation of the General Accounting Plan (PGC) by the sports federations.
3. Verify compliance with the rules established by the CSD itself to ensure rigorous oversight of the grants and public funds allocated.
4. Coordinate and conduct a high volume of simultaneous audits within strict regulatory deadlines.
Project development by the Public Sector Audit and Verification Department
To address this nationwide requirement, we assigned the project entirely to our Public Sector Audit and Verification Department, which specializes in the public sector.
They designed and implemented an audit strategy structured around four key areas:
Financial Audit
Substantive testing and a thorough analytical review of the financial statements of the 65 federations are conducted to verify that they accurately reflect their financial and economic status.
Verification of Regulatory Compliance and Adapted General Accounting Plan (PGC)
We conduct a technical and specialized assessment of the proper application of the General Accounting Plan (PGC) as adapted for sports federations, ensuring the uniformity and comparability of accounting information.
Budget Settlement Audit
The budget audit department is conducting a methodological review of compliance with the CSD's settlement instructions to ensure the proper allocation and traceability of public funds.
Unified operational management and direct communication
This entire process was coordinated through the assignment of a specialized technical team from PKF Attest , led by senior auditors responsible for direct communication with both the CSD and the financial officers of the federations.
Result: Contract Awarded and Renewed (2019–2026)
Thanks to the rigor of our technical reports, the standardization of accounting criteria, our compliance with regulatory filing deadlines, and the operational capacity of our Audit and Verification Department, we have succeeded in building a relationship of trust with the CSD. From 2019 to the present, we have been appointed as auditors without interruption.
