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It's FAB season
22 Apr 2024
It's FAB season at ITER. Like every year since 2008, the Financial Audit Board (FAB) will proceed with a meticulous audit of the project's finances, sifting through thousands of documents, crunching numbers, conducting interviews and requesting external evidence such as vendor invoices, salary slips and bank documents to confirm revenue, expenditures and other financial data.
From left to right: Ciarán Spillane (EU); Hiroki Fujino (assistant to the FAB chair); Luo Delong, Deputy-Director-General, ITER Organization; James Gotchie (USA); Daisaku Koyanagi (FAB Chair, Japan); SeungMin Shin (Korea); Sandeep Oke (India); Alexander Zagornov (Russia); and Shanshan Lu (China).
The month-long process—two weeks of preparatory work by PRE-FAB junior auditors, followed by another two weeks of in-depth analysis by senior FAB auditors representing the ITER Members—aims at ensuring that the Project Resource Management Regulations are observed and that the ITER Council can rely on the numbers that are provided.