Togo to proceed to financial and accounting audit of Mining Governance and Development Project

Mining
Thursday, 06 December 2018 14:32
Togo to proceed to financial and accounting audit of Mining Governance and Development Project

(Togo First) - In Togo, mid-term financial and accounting audit of the 2016-2020 Mining Governance and Development Project (PDGM) will be carried out.

In its notice disclosing the information, the ministry of mining and energy said the audit should consist in getting professional advice relating to PDGM’s financial status at the end of every fiscal year.

The audit will also analyze the project’s financial statements, in line with International Standards on Auditing (ISA).

Moreover, it would ensure that all resources of the World Bank (which finances the project) were used as agreed under financing accords, efficiently and cost-effectively.

Another goal of the audit is to verify if acquisition of financed goods and services was done via procurement as imposed by the terms of financing agreements, and in line with the World Bank’s procurement procedures.

Séna Akoda

 
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