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Malawi’s draft manual on Accounting and Financial Management Procedures validated

Participants to validation workshop on draft manual on Accounting and Financial Management Procedures

BLANTYRE-(MaraviPost)-Ministry of Finance has validated a draft manual on Accounting and Financial Management Procedures

The development of the new Manual has come in following the expiry of the Local Authority Accounting and Financial Management Procedures Manual (2009), which provided accounting procedures and guidelines to Local Governments.

The draft manual covers public financial management interventions that were introduced by the Government of Malawi (GoM) to ensure that the Local Authority financial processes are in line with the International Public Sector Accounting Standards which the GoM adopted in 2011.

The two-day workshop was launched at Mount Soche Hotel in Blantyre and it was sponsored by USAID and UKAID.

The workshop was attended by officials from national institutions responsible for supervising the Local Government Authorities in Public Finance Management, selected Local Government Authorities and Development Partners.

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