Project 6 – O&M Associates

Review of the existing Local Authorities Accounting and Financial Management Procedures Manual

About The Project

The objective of the assignment was to review the existing accounting and financial management procedures, design and develop a Local Authority Accounting and Financial Management Procedures Manual for Malawi.

Reviewing the existing accounting and financial management procedures, design and develop a Local Authority Accounting and Financial Management Procedures Manual for Malawi with the view to strengthen the accounting and financial management systems in the Local Authorities so as to ensure that:

Consistent and uniform accounting policies are followed by the Local Authorities in Malawi.
Processes are in line with the International Public Sector Accounting Standards (IPSAS).
Processes are in line with the statutory requirements.
Efficient, accurate processing and accounting of transactions with adequate controls are in place.
A processed based approach is followed to identify, account and monitor revenue and expenditure.
A proper fixed asset register is kept at all times and that these assets are tracked and secured.
A proper process is in place related to the acquisition and disposal of assets in accordance with statutory guidelines.

Project Information

Clients:

Delegation of European Union / DAI – Local Government Accountability & Performance

Services:

Review of the existing Local Authorities Accounting and Financial Management Procedures Manual

Project Period:

MAY 2020 - SEPT 2020

Sponsor:

Delegation of European Union / DAI

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Services

Grant/Fund Management and Fiscal Agent Services
Financial Management
General Management
Information Technology/Systems
Human Resources Management
Training and Capacity Building

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P.O BOX 31522 LILONGWE 3
(265) (0) 99 555 9413
omassociates@africa-online.net
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