Mozambique : Country Financial Accountability Assessment

The overall conclusion of this country financial accountability assessment report is that public sector financial management systems in Mozambique are very weak, as evidenced by the Reports of the Tribunal Administrative (TA) on the General State Accounts for 1998 and 19992, and will require substantial strengthening over several years. In the interim, risks of waste, diversion and misuse of funds are assessed as high. This has clear implications for both the Government and its donors: (a) the Government will need to address the main issues identified for improvement in the Report in the aim of establishing practices and standards on a par with international benchmarks3; and (b) the donors will need to support this process and, in the meantime, to build explicit risk minimization actions and conditionality into their Mozambican operations.. Recommended actions to improve public financial management include: enacting and implementing public financial management laws; strengthening public sector auditing capacity; strengthening financial management in local government; developing the accountancy profession; and strengthening/expanding programs in higher education institutions.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2001-12
Subjects:	ACCOUNT, ACCOUNTANCY, ACCOUNTANTS, ACCOUNTING, ACCOUNTING STANDARDS, ACCOUNTING SYSTEMS, ADMINISTRATIVE CAPACITY, ANTI-CORRUPTION, ANTI-CORRUPTION STRATEGY, ASSET MANAGEMENT, AUDIT REPORTS, AUDITED FINANCIAL STATEMENTS, AUDITING, AUDITING STANDARDS, AUDITORS, AUTONOMY, BANK ACCOUNTS, BANKING SECTOR, BANKING SUPERVISION, BUDGET CLASSIFICATION, BUDGET EXECUTION, BUDGET IMPLEMENTATION, BUDGET PROCESS, BUDGETING, CASH MANAGEMENT, CENTRAL GOVERNMENT, COMMERCIAL BANKS, CONFEDERATION, CONSTITUTION, CORPORATE GOVERNANCE, CORRUPTION, COUNCIL OF MINISTERS, CREDITWORTHINESS, CURRENT PRICES, DECREE, DISTRICT GOVERNMENTS, DISTRICTS, ECONOMIC GROWTH, ECONOMIC REFORM, EMPLOYMENT, EXPENDITURES, EXTERNAL AUDITORS, FEE COLLECTION, FINANCIAL ACCOUNTABILITY, FINANCIAL DISCIPLINE, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL PLANNING, FINANCIAL REFORM, FINANCIAL REPORTING, FINANCIAL REPORTS, FINANCIAL RESOURCES, FINANCIAL SECTOR, FINANCIAL SUPPORT, FISCAL, FISCAL TRANSPARENCY, FISCAL YEAR, FOREIGN INVESTMENT, FOREIGN INVESTORS, GAAP, GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, GOOD GOVERNANCE, GOVERNMENT ACCOUNTING, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, INFLATION, INSTITUTIONAL DEVELOPMENT, INSURANCE, INTERNAL AUDIT, INTERNAL AUDITORS, INTERNATIONAL ACCOUNTING STANDARDS, INVESTMENT SPENDING, JUDICIARY, LAWS, LEGAL REGULATIONS, LEGAL SYSTEM, LEGISLATION, MACROECONOMIC STABILITY, MUNICIPAL DEVELOPMENT, MUNICIPAL FINANCE, MUNICIPAL GOVERNMENTS, MUNICIPALITIES, NATIONAL BUDGET, PENALTIES, POLITICIANS, PRIVATE SECTOR, PRIVATIZATION, PROCUREMENT, PROVISIONS, PUBLIC ACCOUNTING, PUBLIC EXPENDITURE, PUBLIC FINANCE, PUBLIC FINANCE MANAGEMENT, PUBLIC INVESTMENTS, PUBLIC POLICY, PUBLIC REVENUES, PUBLIC SECTOR, PUBLIC SECTOR ACCOUNTING, PUBLIC SECTOR REFORM, PUBLIC SERVICE, REGULATORY SYSTEM, STATE ADMINISTRATION, STATE BUDGET, TAX, TECHNICAL ASSISTANCE, TRANSPARENCY, TREASURY FINANCIAL MANAGEMENT, FINANCIAL REPORTING STANDARDS, RECORDS MANAGEMENT, INFORMATION TECHNOLOGY, GOVERNMENT ETHICS, INTERNAL AUDITING, PARLIAMENTARY SYSTEM, MUNICIPAL GOVERNMENT, PORTFOLIO PERFORMANCE, RISK MANAGEMENT, PROFESSIONAL EDUCATION, STOCK MARKETS, HIGHER EDUCATION,
Online Access:	http://documents.worldbank.org/curated/en/2001/12/2360794/mozambique-country-financial-accountability-assessment https://hdl.handle.net/10986/14474
Tags:	Add Tag No Tags, Be the first to tag this record!