Report on the Audit of the Financial Statements for the shortened financial year ended 31 December 2016

The report by KPMG Austria GmbH concludes that the financial statements of Sustainable Energy for All (SEforALL) for the period ending 31 December 2016 present fairly its financial position and performance. The audit confirms compliance with voluntarily applied Austrian Generally Accepted Accounting Principles and the organization's statutes. During 2016, SEforALL transitioned from a UN initiative to an independent International Non-Governmental Organization with 'Quasi-International Organization' status in Austria. Financially, the organization reported total revenue of €162,949.48 and total expenses of €162,949.48, resulting in a net operating income of zero. The report also details the organization's new Strategic Framework for Results (2016-2021) and its formal relationship agreement with the United Nations.

• The auditor's opinion is that the financial statements for the shortened year ended 31 December 2016 present fairly, in all material respects, the financial position and performance of SEforALL in accordance with voluntarily applied Austrian Generally Accepted Accounting Principles.
• SEforALL transitioned in 2016 from operating as a UN initiative to becoming an independent International Non-Governmental Organization incorporated in Austria with the status of a 'Quasi-International Organization' (QIO).
• For the period from 4 January 2016 to 31 December 2016, SEforALL recorded total revenue of €162,949.48, which was entirely offset by total expenses of €162,949.48, leaving a net operating income of zero.
• The organization's total assets as of 31 December 2016 amounted to €244,607.37, consisting entirely of receivables for cash held at the United Nations Foundation.
• The most significant operating expenses in 2016 were legal and professional fees, totaling €119,475.29, which included the 2016 audit fee and costs for establishing the association and QIO status.
• SEforALL established a formal Relationship Agreement with the UN Secretary-General’s Executive Office on 23 December 2016 to promote the Sustainable Energy for All movement in line with SDG7.
• The Strategic Framework for Results (2016-2021) focuses on five competencies: marshalling evidence, benchmarking progress toward 2030 objectives, amplifying the voices of the energy poor, telling success stories, and connecting stakeholders.
• The audit found no evidence of material offenses by the organization's legal representative or employees against Austrian law or the organization's statutes, nor any material weaknesses in internal controls over financial reporting.
• As of 31 December 2016, the SEforALL Quasi-International Organization had not yet hired any staff, despite launching a strategic staffing exercise in May 2016.

APA

Sustainable Energy for All (2017). Report on the Audit of the Financial Statements for the shortened financial year ended 31 December 2016. https://www.seforall.org/system/files/gather-content/SEforALL_2016_Audit_Report_0.pdf

Chicago

Sustainable Energy for All. Report on the Audit of the Financial Statements for the shortened financial year ended 31 December 2016. 2017. https://www.seforall.org/system/files/gather-content/SEforALL_2016_Audit_Report_0.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=Report on the Audit of the Financial Statements for the shortened financial year ended 31 December 2016 |date=20 June 2017 |url=https://www.seforall.org/system/files/gather-content/SEforALL_2016_Audit_Report_0.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforall2017report, author = {{Sustainable Energy for All}}, title = {{Report on the Audit of the Financial Statements for the shortened financial year ended 31 December 2016}}, institution = {Sustainable Energy for All}, year = {2017}, month = jun, url = {https://www.seforall.org/system/files/gather-content/SEforALL_2016_Audit_Report_0.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }