Malawi: Technical Assistance Report-Strengthening Fundamental Controls and Reporting

November 2, 2017

Summary

This Technical Assistance Report discusses the technical advice and recommendations of the IMF mission to the authorities of Malawi regarding strengthening fundamental controls and reporting. The government is determined to restore control over public funds. Considerable progress has been made on the reconciliation of the 2015/16 transactions of selected bank accounts. Issues related to transactions before 2015/16 should be investigated and resolved. The auditor general and the Central Internal Audit Unit (CIAU) are investigating unmatched or potentially duplicate payments for 2009–June 2015. It is recommended that the accountant general investigate possible duplicate payments identified by the CIAU.

Subject: Auditing, Banking, Currencies, Expenditure, Fiscal accounting and reporting, Integrated financial management information systems, Money, Public financial management (PFM), Revenue administration

Keywords: Auditing, bank payment instruction letter, bank reconciliation, cashbook balance, CR, Currencies, Fiscal accounting and reporting, IFMIS cashbook, IFMIS transaction record, instruction letter, ISCR

Pages:
32
Volume:
2017
DOI:
https://doi.org/10.5089/9781484325773.002
Issue:
332
Series:
Country Report No. 2017/332
Stock No:
1MWIEA2017003
ISBN:
9781484325773
ISSN:
1934-7685

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