Somalia

This was the first mission in a series designed to assist the Central Bank of Somalia (CBS) in its development of formal frameworks and professional practices for internal audit and accounting and bring them toward international norms. The mission team conducted a series of training sessions covering accounting and internal audit topics designed to assist the CBS staff in maintaining proper accounting records and preparing proper financial statements and developing and implementing an effective and modern internal audit framework. Specific topics were addressed that reflected the CBS’ current operating and limited capacity levels. Group exercises were conducted using real data and information. Assignments were agreed with each team to be completed prior to the next mission.