The annual audit report of the Puntland State Government for fiscal year 2023, published 30 June 2024, a qualified opinion citing documentation gaps, debt register errors, and a 29% revenue shortfall.
Overview (Guudmar)
The Annual Audit Report of the Puntland State Government for 2023, published on 30 June 2024, was prepared by the Office of the Auditor General (Xafiiska Hantidhawrka Guud). The report covers the fiscal year ended 31 December 2023, assessing the accuracy of the accounts prepared by the Office of the Accountant General. The audit focuses on verifying transparency and compliance with financial laws.
Key Findings
- Compliance with International Standards: the OAG followed International Standards of Supreme Audit Institutions (ISSAIs) in its audit procedures.
- Qualified Opinion (Aragti Cillad Leh): the Auditor General issued a qualified opinion, citing missing documentation for certain expenditures, tax not withheld from some payments, and errors in the government debt register.
- Expenditure Oversight: the report points to improper expenditure management practices, non-competitive awarding of certain contracts, and some revenue going uncollected.
- Budget and Revenue Shortfall: revenue fell 29% short of expectations, notably due to global economic challenges affecting domestic revenue collection.
The report highlights the need to strengthen financial management and accountability across Puntland's government institutions.
Download
The full report (Somali version, 41 MB PDF) is available on the Audit Reports page.
