"Without a strong involvement of control organs, the national development plan cannot be truly achieved" - Kossi Tofio, Cabinet director of the finance ministry

Economy
Friday, 27 September 2019 12:05
"Without a strong involvement of control organs, the national development plan cannot be truly achieved" - Kossi Tofio, Cabinet director of the finance ministry

"Without a strong involvement of control organs, the national development plan cannot be truly achieved." This was declared by Kossi Tofio, cabinet director of the ministry of finance at the 3rd Internal Audit National Forum launched yesterday. 

The official who was representing the minister of finance at the event was emphasizing on the importance of internal auditors in building an economy. "The contribution of internal audit to institutional performance does not need to be demonstrated anymore. It helps in value creation by assessing and improving governance processes, as well as risk and control management," Tofio added.

Over the past years, Togo has implemented multiple reforms to improve public finance control and "reinforce the institutional and operational capacities of various monitoring bodies by ensuring they respect international standards."

Progressively, the country is introducing risk-based audits in public administration. 

At the moment, State entities are elaborating, in collaboration with audit bodies, risk maps in line with this process. 

Séna Akoda

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