A training workshop on the audit of projects financed by the African Development Bank (AfDB) was held on 4^th - 5^th June 2024 at Quartier Golf in Yaounde. The primary objective of this workshop was to improve communication and align expectations for future audits in order to ensure better collaboration and efficiency.

Key Points:

Ø Audit Bench Objectives:

·       Prevent the rejection of audit reports;

·       Enhance the overall quality of audits;

Ø AfDB Objectives:

·       Ensure timely submission of approved audit reports;

·       Identify and address ineligible expenses promptly;

Workshop Focus:

Ø Dissemination of Information:

The AfDB shared its auditing rules and best practices to ensure all participants are on the same page.

Ø Discussion of Project Terms:

There was a thorough discussion on the terms of reference for various projects to clarify expectations and requirements.

Ø Feedback Analysis:

An analysis of past audit reports was conducted to identify areas for improvement and ensure that past mistakes are not repeated.

Outcomes:

Ø Enhanced Understanding:

At the end of the workshop, participants had a more precise and comprehensive understanding of the AfDB's audit expectations, which will lead to higher-quality audit reports.

Concerns about Timing

One participant expressed a concern that the workshop's timing was less than ideal, as some audits were already underway, potentially limiting the new insights' immediate applicability.

This collaboration represents a significant effort to streamline the auditing process and ensure the efficient use of AfDB funds for African development projects. By improving communication and aligning expectations, the Audit Bench and the AfDB aim to foster a more effective and cooperative auditing environment, ultimately contributing to the success and sustainability of development initiatives across the continent.