Mali: Technical Assistance Report-Audit of the Expenditure Chain

Author: International Monetary Fund. Fiscal Affairs Dept.

Volume/Issue: Volume 2014 Issue 122

Publication date: May 2014

ISBN: 9781484391785

$18.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Finance , ISCR , CR , payment , government , pay , payment authorization officer , authorization officer , imprest account , control mechanism , payment order , cash payment , Malian government context , payment procedure , government supplier , capital expenditure , appropriations consumption point of view , validation control , reform plan , Expenditure control , Budget execution processes , Budget planning and preparation , Budget execution and treasury management , West Africa , Global

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Summary

This paper discusses key findings of the Technical Assistance report on Mali. The expenditure chain in Mali is vulnerable, even though it is organized along traditional lines and is subject to a number of controls. The process establishes the separation of the payment authorization officer and accountant and includes numerous exante verifications. The Auditor General identified shortfalls in the amount of CFAF 35 billion, or a little more than 3 percent of the 2012 budget, in 17 audits conducted. This report also focuses on the expenditure chain and its complexities and weaknesses, and makes 10 practical recommendations.