ECOWAS holds working session on vendor accounts and inter-office reconciliation

Dr. Omar Alieu Touray President at Economic Community of West African States
Dr. Omar Alieu Touray President at Economic Community of West African States | Official website

The Directorate of Financial Reporting & Grants, under the Department of Internal Services of the ECOWAS Commission, organized an Inter-Offices Working Session from August 19th to 23rd, 2024, in Abuja, Nigeria. This session brought together financial services staff from ECOWAS Representative Offices across the region.

The primary objective of the meeting was to conduct inter-office reconciliations, clear long-standing advances, and update the financial books and records of the offices.

This working session aimed to facilitate constructive dialogue between the Finance Directorate and finance representatives to address specific objectives. These included inter-office reconciliations via monthly financial reporting templates, analysis of monthly schedules for inter-office and vendor accounts, monthly reconciliation of bank statements with submission to the Commission, regularization of advances, and practical discussions on issues raised in previous audits.

The meeting also aimed to develop an action plan to ensure seamless closing processes and reconciliations in the future.

Mrs. Arroua Viviane FAYS, speaking on behalf of Mr. Ahmadou Oury BALDE, Director of Financial Reporting & Grants at the ECOWAS Commission, expressed her best wishes for productive and collaborative sessions. She emphasized the importance of sharing experiences to facilitate reconciliation efforts and harmonize good accounting and financial practices across ECOWAS Representative Offices.

Mrs. FAYS reiterated the Directorate’s commitment to ongoing efforts to reconcile financial statements with ECOWAS Representative Offices, aligning with the ECOWAS Vision 2050.




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