Rabat – The Court of Auditors is hosting, from September 26 to 28 in Rabat, an international meeting organized by the INTOSAI Development Initiative (IDI), on the theme of “foresight in the management of public finances”.
This meeting brings together 13 Supreme Audit Institutions and IDI experts, as well as many speakers representing centers and organizations interested in public finance: the International Monetary Fund, the World Bank, the European Investment Bank, and the Swedish Fiscal Policy Council, the Court of Auditors said in a statement.
Supreme Audit Institutions (SAIs) are called upon to “change the paradigm” in their strategic thinking to play a foresight role capable of drawing the attention of decision-makers to emerging issues, said Monday in Rabat, the President of the Court of Auditors, Zineb El Adaoui.
At the opening of the international meeting “Leadership Masterclass 2022-2023”, organized by the INTOSAI Development Initiative (IDI), Ms. El Adaoui invited supreme audit institutions (SAIs) to operate a “change of paradigms” in their strategic thinking to bring greater added value to citizens and all stakeholders and play foresight roles that can draw the attention of decision-makers to emerging issues, she said. , judging that these new roles should not however replace the traditional missions of SAIs, which should be strengthened in view of their impact on improving the performance of the public sector and the application of the principle of accountability.
The “profound transformations that characterize the national and international conjuncture today constitute great challenges for decision-makers and managers of public affairs as well as for control mechanisms”, noting that these challenges must be overcome.
Among the most important challenges, Ms. El Adaoui mentioned the repercussions of the global health crisis, the scarcity of water resources, the deterioration of the environment resulting from climate change, as well as the increase in public debt and the sustainability of public finances. , without forgetting the digital revolution and the challenges it brings in terms of Big Data, artificial intelligence and Blockchain.
These transformations “encourage us to reflect on the new roles that the higher control mechanisms must play in order to bring greater added value to citizens and to all the parties concerned”, she said.
The President of the Court of Auditors invited SAIs to make a “paradigm shift” in their strategic thinking to play foresight roles capable of drawing the attention of decision-makers to emerging issues, judging that these new roles should not, however, replace the traditional missions of SAIs, which should be strengthened in view of their impact on improving the performance of the public sector and the application of the principle of accountability.
Mrs. El Adaoui also reaffirmed the determination of the Court of Auditors to strengthen joint action with its counterparts on issues and subjects of common interest through the sharing of experiences and best practices in the field of public finance control. .
In the same vein, the director of IDI, Einar Gorrissen, who was speaking by videoconference during this Masterclass held under the theme “SAIs and public financial management: an exercise in foresight”, underlined that at ” In recent decades, the world has been rocked by a financial and economic crisis, a pandemic, several natural disasters, and then, the unthinkable, a new war in Europe with global consequences.”
Mr. Gorrissen explained that to deal with galloping inflation, weak growth or even food insecurity, several governments are questioning or reversing political measures aimed at achieving more sustainable development or combating climate change and inequalities.
“In this context, sound financial management becomes the keystone to get through and overcome the crisis in the best possible way in order to guarantee more sustainable development”, underlined the DG of the IDI, adding that the management of public finances must provide mechanisms to “collect, allocate, spend and account for” public resources in the “most objective way possible.”
“This implies good governance, strong institutions and adequate tools to encourage and implement reforms”, he argued, stressing that certain public finance management also requires “rigorous examination”.
He pointed out that supreme audit institutions play a key role in ensuring accountability and guaranteeing the use of public funds.
Spread over three days, this seminar is attended by heads of SAIs from around ten European and African countries, as well as representatives of international institutions including the International Monetary Fund and the World Bank. Organized by the INTOSAI Development Initiative (IDI), the overall objective of this Masterclass is to analyze future trends in public financial management and to enable SAI leaders to prepare their institutions to face the risks and identify opportunities to ensure the relevance and impact of their recommendations.
On the agenda of this three-day seminar are several presentations, discussions and workshops led by international experts with extensive experience in the public sector.
These sessions focus in particular on “Economic policy: theoretical and practical developments in recent decades”, “The role of tax regulations and independent tax authorities in the control of public expenditure”, “Public expenditure and financial responsibility” or even the “Management of public institutions: efficiency and transparency”.
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At the time of Artificial Intelligence and crises of all kinds, Supreme Audit Institutions must “change the paradigm”
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