Interfaith Standing Committee (ISCEJIC)
@iiscejic
Interfaith Standing Committee on Economic Justice and Integrity of Creation (ISCEJIC)
ID: 1208408901500252161
http://www.iscejic.org 21-12-2019 15:29:07
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WAJIBU β Institute of Public Accountability is a think tank institution which was established by the Controller and Auditor General (retired CAG) CPA. Ludovick Utouh. | Wajibu_Institute
The objective to establish WAJIBU is to advocate for transparency, accountability and good governance in the collection and use of public resources. WAJIBU will achieve this objective through the enhancement of the implementation of the CAG recommendations. | Wajibu_Institute
The CASFAR 2022 Report is aimed at assessing the Countryβs Annual State of Public Financial Accountability covering the financial information from three most recent financial years (2018/19, 2019/20 and 2020/21). Wajibu_Institute
In preparation of this report, information on the process of budget formulation and execution of the year 2021/22 was included. This report also highlights improvements in PFM from the two previous CASFAR reports published in 2019 and 2020. Wajibu_Institute
The CASFAR report demonstrates the countryβs annual state of financial accountability in order to improve the management of public finances. Wajibu_Institute
The CASFAR report focuses on the Central Government, Public Authorities and Other Bodies, Local Government Authorities and all budgetary institutions receiving budget allocations from the Central Government. Wajibu_Institute
CASFAR 2022 A trend from previous similar assessment was reviewed and noted that from the PEFA assessment that was done in 2017 and 2022 as well as CASFAR reports of 2019 and 2020, there had been areas where performance of PFM systems was less than efficient. Wajibu_Institute
These CASFAR Report included areas such as: Budget Reliability specifically in Expenditure and Revenue Outturn where Actual Expenditure and Revenue deviates significantly from the budgeted amount causing credibility issues in the countryβs budget preparation. Wajibu_Institute
Areas that needed improvements from previous assessments included expenditure & revenue outside financial reports, monitoring of expenditure arrears & commitment controls. Also Internal Audit function & predictability of resource allocation needs improvements. Wajibu_Institute