How does progress verification work?
Most Foundation Action Plans have a 12-month duration. Build FIAPs have 2-3 year durations.
For Foundation FIAPs, progress verification occurs at the end of the plan. Members self-assess the completion status of their actions, and collate evidence to show that outputs specified in their plan are now in place. EY will seek samples of evidence, and interview staff from the FIAP member organisation, to assess whether the self-assessment was fair and reasonable. This does not constitute an audit but does provide a level of assurance that the actions have been completed.
For Build FIAPs, which have 2-3 year plans, EY will provide progress verifications during the term of the plan, and upon completion. Publication of mid-term verifications is at member discretion.