Francophone auditors convene in Yaounde

Yaounde- Cameroon (PANA) -- Control and internal audit have a positive role in ensuring competition for public and private administrations in developed countries, while developing countries are severely affected by the absence of such mechanism.
The minister in charge of Higher State Control in Cameroon, David Siedfried Etame Massoma made the observation at the opening of the 6th conference of Francophone Union of Internal Audit (UFAI) currently convening in Yaounde with 500 delegates from all continents.
Convened under the theme "Good governance, internal audit and control of risks: challenges to emerging countries", the conference aims at helping managers of public funds become aware of the necessity to integrate an audit and control component to promote efficiency, competition and growth.
Etame Massoma urged delegates to insist that private and public services develop an internal audit and control culture in their agencies for effective efficiency and competitiveness.
The chair of the Cameroonian Institute of Internal Auditors (IIA), and member of the conference's organising committee, Judith Achidi Achu cited that local administrations were progressively integrating internal audit and control in their daily operations, although several of them remain reluctant.
She expressed optimism that the meeting will assist emerging countries to keep pace with developments of internal audit and control mechanism as practised worldwide.
UFAI, which is holding its first conference on the African continent, was formed in 1988 in France, regrouping internal auditors' bodies from exclusively or partially Francophone nations.

15 march 2005 14:20:00




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