The Auditor General of Federal Government of Somalia releases the audit reports for the Financial Year 2020
- November 21, 2021
- Posted by: 1972
- Category: Events & News
As the highest authority responsible for auditing all public institutions, the Office of the Auditor General of Somalia (OAGS) has conducted its audits in accordance with the laws and the International Standards of Supreme Audit Institutions (ISSAIs).
For the Financial Year ended 31st December 2020, the OAGS has released the following audit reports:
- Annual Compliance Audit Report
- Annual Financial Audit Report
- Special Fisheries Management Audit Report
- Special COVID-19 Audit Report
- World Projects Audit Reports
The outcomes of these reports highlighted weaknesses in key audited matters indicating lapses in internal controls.
In a press briefing, the Auditor General, H.E. Mohamed Mohamud Ali, has noted the significance of the audit reports for good governance and transparency in the country to build public confidence and trust in the government institutions.
In particular, he expressed that “As the government’s operations and budget appropriations expand, our audits keep the management in check and ensure robust accountability in the use of public funds for the benefit of the citizens.”
Apart from the Annual Compliance and Financial Audit Reports, the OAGS has also published two special audit reports on the Management of Fisheries and COVID-19 Response, respectively.
Touching specifically on the importance of the real-time audit on the COVID-19 pandemic, he told the reporters that “As we continue to grapple with the multidimensional effects of COVID-19, our real-time audit identifies key early steps needed to prevent compromise in the government’s response to the pandemic.”
In concluding his remarks, the Auditor General has stressed the critical importance of the implementation of audit recommendations by the audited entities “Am hopeful that by highlighting the areas of weaknesses in the institutions audited, those charged with governance would focus on the key drivers of internal controls that would enhance prudent management of public resources.”
All the reports and infographic summary highlighting key findings and recommendations issued in this year’s reports can be accessed here: https://oag.gov.so/financial-audit-reports/