Financial Crime World

Guinea: Court of Auditors Embarks on Ambitious Compliance Program Development with International Partners

The Guinea Court of Auditors has signed a cooperation agreement with IDI and CREFIAF to develop a comprehensive compliance program aimed at promoting mutual learning, peer-to-peer support, and strengthening its capacities. This partnership is expected to enable the Court to successfully implement its strategic priorities for 2022-2024.

Key Objectives

  • Strengthening strategic management
  • Optimizing external support
  • Conducting a compliance audit in the area of gender, diversity, and inclusion
  • Aligning annual planning cycle with modern management practices
  • Producing quarterly monitoring reports and publishing an annual results-based performance report

Compliance Program Components

  • Conduct of a gender, inclusion, and diversity audit supported by peers from IDI and CREFIAF
  • Development of the Court’s first gender, social action, and well-being action plan

Importance of the Partnership

The Guinea Court of Auditors plays a crucial role in strengthening public finance management in Guinea. This partnership is expected to yield significant benefits, including:

  • Improved strategic management
  • Enhanced compliance
  • Increased transparency and accountability in public financial transactions

Background

The Guinea Court of Auditors was recently created and has been working tirelessly to acquire human and institutional capacities, as well as logistical means for operationalization. The Court’s commitment to strengthening its capacities reflects its recognition of the importance of its role in promoting good governance and accountability in public finance management.

Funding and Support

Funding for the project is provided by the French Ministry for Europe and Foreign Affairs, SAI Qatar, and the European Union through the Accelerated Peer Support Partnership program (PAP-APP). PAP-APP aims to empower Supreme Audit Institutions in developing countries to build capacity and improve performance.