Togo: State to audit accounts of public institutions, funds and public organizations, subsidized for 2018-2020 period  

Public finance
Thursday, 16 August 2018 11:27
Togo: State to audit accounts of public institutions, funds and public organizations, subsidized for 2018-2020 period  

(Togo First) - In Togo, accounts of public institutions, funds and public organizations subsidized for the 2018-2020 period will be audited. To this end, the State has launched a call for expression of interest to hire a consulting firm to lead the process.

Audits planned will help assess how the targeted entities use their funds and determine if this utilization meets public accountability standards. Additionally, they will allow to determine if goods purchased by the entities were effectively acquired in line with procedures falling under Togo’s procurements code.

The same goes for services provided to the entities. The projected audits will assess the authenticity of supporting documentation submitted for transactions and shed light on account movements for the period reviewed.

Through these audit missions, the State also aims to make sure concerned entities respect procedures for preparing financial statements, in line with standards in place.

Regarding applications submitted by consultants that are interested in conducting the audits, the related evaluation process to pick one will close on September 5, 2018.

 Séna Akoda

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

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