Audit Of The Financial Statements Of The Federal Government Of Somalia For Financial Year Ended 31 December 2018

The Office of the Auditor General (OAG) successfully conducted the 2019 audit and reports in accordance with the International Standards of the Supreme Audit Institutions (ISSAIs). Audit performed by the Office of the Auditor General for the stated year, concluded on 31 December 2018, include: 1) The Compliance Audit, 2) The Financial Audit, and 3) The Special Audit.

The OAG also advised the Office of the Accountant General to Prepare Annual Financial Statements in accordance with the International Accounting Standards (IPSAS Cash-basis), which the Office of the Accountant General successfully implemented for the first time.  To promote transparency and accountability, the OAG began publishing its report onto its website – www.oag.gov.so.

The OAG applauds the Government Institutions for their cooperation during this process and while the OAG performed constitutionally mandated responsibility. The OAG strives to reconcile discrepancies between international financial standards and those of the State. This work is of the utmost in advancing accountability and good governance to enhance the nation’s economic development as well as a tool in the fight against corruption.

Full report can be accessed:
http://oag.gov.so/wp-content/uploads/2019/10/Audit-of-the-Financial-Statements-of-the-FGS-FYE-2018-Copy.pdf

Source: FGS Office of the Auditor General 

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