Mali: Technical Assistance Report-Audit of the Expenditure Chain
IMF Staff Country Reports, May 30, 2014
Source details
- Canonical URL
- Mali: Technical Assistance Report-Audit of the Expenditure Chain
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Bibliographic details
- Published: May 30, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484391785.002
Overview
- Paper discusses key findings of the Technical Assistance report on Mali.
- Focuses on the expenditure chain, its complexities, and its weaknesses.
- Report makes 10 practical recommendations.
- Publication date: May 30, 2014.
- Series: Country Report No. 2014/122; Issue: 122; Volume: 2014; Pages: 59.
- DOI: https://doi.org/10.5089/9781484391785.002
- ISBN: 9781484391785; ISSN: 1934-7685; Stock No: 1MLIEA2014002.
Key findings
- The expenditure chain in Mali is vulnerable despite being organized along traditional lines and subject to a number of controls.
- The process establishes the separation of the payment authorization officer and accountant.
- The process includes numerous exante verifications.
- The Auditor General identified shortfalls in the amount of CFAF 35 billion in 17 audits conducted.
- The CFAF 35 billion represents a little more than 3 percent of the 2012 budget.
Vulnerabilities and control environment
- Vulnerability exists even where formal controls and separation of duties are in place.
- Complexities in the expenditure chain create weaknesses that undermine controls and increase fiscal risk.
- Specific control elements noted:
- Separation of payment authorization officer and accountant.
- Numerous exante verifications in the payment process.
Quantitative findings and scope
- Shortfalls identified: CFAF 35 billion.
- Coverage of audits reporting shortfalls: 17 audits.
- Fiscal significance: a little more than 3 percent of the 2012 budget.
Recommendations (report conclusion)
- The report issues 10 practical recommendations aimed at strengthening the expenditure chain and addressing identified weaknesses.
- Recommendations are oriented to improving expenditure control, validation control, payment procedures, and broader Budget execution processes.
Subject classification and keywords
- Subject: Budget execution and treasury management; Budget execution processes; Budget planning and preparation; Expenditure; Expenditure control; Public financial management (PFM).
- Keywords include: appropriations consumption point of view; authorization officer; Budget execution and treasury management; Budget execution processes; Budget planning and preparation; capital expenditure; cash payment; control mechanism; CR; Expenditure control; Global; government; government supplier; imprest account; ISCR; Malian government context; pay; payment; payment authorization officer; payment order; payment procedure; reform plan; validation control; West Africa.
International Monetary Fund. Fiscal Affairs Dept. "Mali: Technical Assistance Report-Audit of the Expenditure Chain", IMF Staff Country Reports 2014, 122 (2014).