UNCDF subscribes to the UNDP’s Accountability & Oversight Policy, which provides a framework for results and risk-based performance management, with particular emphasis on the values and culture of accountability and transparency.

The policy encompasses mechanisms for independent internal and external oversight of UNCDF, designed to provide assurances to the Executive Board that functional systems of internal controls are in place, that policy frameworks are appropriate, that resources are utilized effectively, and that professional and ethical standards are upheld.

Additional mechanisms to ensure transparency and accountability include UNCDF’s Information Disclosure Policy, and its adherence to UNDP’s Anti Fraud Policy, including efforts to facilitate reporting via UNDP’s Fraud Reporting website and Investigations Hotline (+1-770-776-5678, worldwide -- 1-877-557-8685, within the USA).

Along with the rest of the UN system, in 2010 UNCDF began to report its finances according to the International Public Sector Accounting Standards, further increasing its transparency and accountability.

In 2011, UNCDF has also joined the International Aid Transparency Initiative, and in October 2012, released its aid information to the IATI Registry.