Benin -Support for Capacity Development of SAI Benin: Implementation of ISSAIs – audit guides and code of ethics

This proposal comes from the SAI’s strategic plan 2013-15, recognizing that the SAI’s audit procedures manual dates from 1999 and has not been updated to reflect the SAI’s mandate following a new audit law in 2007, and is not consistent with the ISSAIs. The SAI intends to update its existing audit manual and guides as part of its efforts towards ISSAI implementation. In addition it intends to develop a Code of Ethics and Professional Conduct for the SAI. The SAI proposes enhancing the professional and physical capacity of its internal training unit, to work with experts from the CREFIAF region during the project, and to be responsible for training others and rolling out the new products. Capacity development workshops are planned to assist the dissemination of the new products. In developing the proposal further, the SAI may need to consider the need for a strategy for ISSAI implementation, and whether additional activities will be required to test the new products, and contribute to adoption of these across the SAI. The total cost of the initiative is USD 213,680, of which the SAI will contribute around 10%. The project includes around USD 32,500 for equipment for the SAI’s training centre. Support requested: Financial Implementing partner: Appropriate experts from within the CREFIAF sub-region.
Providers of support:
The African Development Bank expressed their interest in supporting this initiative fully and a grant of 213680usd was approved. They are under dialogue.