s:1473:"%T Audited Financial Statements 2015 
%X Report on the financial statements
We have audited the accompanying financial statements of the World Agroforestry Centre
(ICRAF/ the “Centre”) set out on pages 35 to 63. These financial statements comprise
the statement of financial position at 31 December 2015 and the statements of activities
changes in net assets and cash flows for the year then ended and a summary of significant
accounting policies and other explanatory information.
Management’s responsibility for the financial statements
Management is responsible for the preparation and fair presentation of these financial
statements in accordance with the Consultative Group on International Agricultural
Research (CGIAR) Accounting Policies and Procedures Manual – Financial Guidelines Series
No. 2 (Revised February 2006 and supplemented by the 2015 Advisory Note) and for such
internal control as management determine necessary to enable the preparation of financial
statements that are free from material misstatements whether due to fraud or error.
Auditor’s responsibility
Our responsibility is to express an independent opinion on the financial statements based
on our audit. We conducted our audit in accordance with International Standards on
Auditing. Those standards require that we comply with ethical requirements and plan and
perform our audit to obtain reasonable assurance that the financial statements are free from
material misstatement. 
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