IGF Mission Summary (February 2023): Mission d’audit comptable et financier du Fonds de la Pension Civile Février 2023 RÉSUMÉ Mission d’audit c
Summary: The Inspection Générale des Finances' published summary of its mission on mission d’audit comptable et financier du Fonds de la Pension Civile Février 2023 RÉSUMÉ Mission d’audit c, dated February 2023. The IGF's summaries give the mission's subject, its findings and its recommendations; the full report is not published. The IGF is the internal control body of the Ministry of Economy and Finance, and its missions cover accounting posts, autonomous bodies and publicly funded programs.
Key Findings
- IGF audited the accounting and financial management of the Civil Pension Fund under Haiti's international commitments signed on 9 November 2010.
- The mission ran from 24 March to 11 April 2011 and reviewed organization, functioning, controls, accounting and financial entries, major risks, conformity and financial data and reports.
- Actors involved include the Minister and Director General of MEF, DPC as manager, Treasury Directorate as legal accountant for special accounts, Budget Directorate for state counterpart programming and reimbursements, and the IT Unit.
- Strengths included a legal and regulatory framework that presents criteria for regular accounting and some loans guaranteed by the Treasury.
- Accounting findings cite an insufficient and partly implemented framework, embryonic accounting system, deficient centralization of accounting information, poor report production, weak archiving and serious accounting-control gaps.
- Placement and risk findings cite an unsuitable decision circuit, weak DPC follow-up, risks around placements and loans, and seven major risks including demographic-renewal, longevity, political, liquidity, operational, counterparty and rate risks; IGF issued a very reserved opinion.
How to cite
General Inspectorate of Finance (IGF), IGF Mission Summary (February 2023): Mission d’audit comptable et financier du Fonds de la Pension Civile Février 2023 RÉSUMÉ Mission d’audit c, https://igf.gouv.ht/