“Interior public audit” in Morocco incorporates technologies to increase efficiency

To meet the current and future challenges in the field of “internal public audit”, the General Inspectorate of Finance intends to benefit from support and monitor the pace of two techniques provided by the World Bank. This was announced during a joint symposium, this week, senior officials of the two institutions, as well as international experts and Moroccan financial inspectors.

According to data published by the Ministry of Economy and Finance, the event included “a series of training and conferences and studies on the most advanced audit practices”, according to a partnership stipulated in the 2023-2026 strategic action plan for the General Inspectorate of Financing within the framework of the “deep transformation” of the international establishment.

منتدى التقاقي

The Ministry of Economy and Finance said that “the technical support provided by the World Bank is based on two main axes, aimed at dealing with the current and future challenges of the internal public audit”. The first concerns “to update the standards and practices of the General Inspectorate of Finance in accordance with the latest international standards”, and the second concerns “the integration of advanced technologies, in particular artificial intelligence, on the way to audit operations”.

In details, the extension of standards, in particular Issai standards (International Standards of Supreme Audit Institute), makes it possible to “update the evidence of the audit applicable by the General Inspectorate of Finance”, according to data from the Ministry of Finance, in parallel to “the identification of foreign establishments similar to the improvement of the exchange of best practices and fields of cooperation, thus improving the location of standards foreigner, public international public audit.

As for the inclusion of the integration of advanced technologies, in particular artificial intelligence, according to declared official data, “modernize audits and improve the efficiency of tasks”, targeting “the exploitation of the capacities provided by artificial intelligence to develop conventional financial audit practices and respond to increasing requests in the field of transmission and efficiency”, which has encouraged a team including financiers and global experts “innovative technology to improve the precision and efficiency of audit tasks.”

In this context, Hassan Al -esfi, professor of public finance at the University of Mohamed V in Rabat and expert from the World Bank in the public sector, explained that “it is applied that the control institutions in the public sector (public inspectors and financial courts) are familiar with a set of cosmic standards in the staging of operations and operations) system) November 2008 concerning the monitoring of state expenditure, which urges commanders to spend on the state of an internal control system so that they can benefit from a sweetness of traditional financial control.

Al -Arfi, in a declaration in Hespress, said that “the standards are in constant and multiple development”, adding that it is natural that these criteria include the conditions and the ingredients to benefit from artificial intelligence, and what it can provide to the function of the examination takes care of future agents, which can use data analyzes, artificial intelligence tools (AI) and qualitative methods advanced.

And artificial intelligence can “facilitate the audit,” According to the same expert, as “it helps in performing mary regulatory process that take a long time more efficiently”, Setting the subject with “the technology of automation rpa operations that enable mayy repeative audit tasks more efficiently”, as well as a “Sai Artificial Nervous Network that allows for assumptions Based on Problems or Notes specified in previous audit operations such as cost and higher time, contradictions for the conclusion and implementation of transactions, erroneous tax accounts and disbursement of unauthorized subsidies.

He stressed that “the invitation of surveillance organizations, by motivating international institutions, to use artificial intelligence is an encouraging and appropriate invitation, and financial control and higher accounting devices must prepare to deal with the challenges of its implementation in the field to automatically link responsibility.”

“A difference”

“The initiative, which supervises in the promotion of transparency and rational governance, is an important step in the field of financial audit in Morocco, highlighting several important dimensions, in particular global practical improvement without neglecting the requirements of the local context.

ISHU also Explained, in The testimonies of Hespress on the subject, that “Raising the level of Financial Control Efficiency, Taking Into Account the Requirements of Local Development, is possible by Introduction Artificial Intelligence, which allows improving the accuracy of audits and reducing the margin of error in financial reports Directing Efforts Towards Addressing The Most URGENT Financial Financial Issues in Morocco, “Noting that cooperation between the inspectors and international institutions” Establishes Morocco’s Website AS A Reliable International Partner in a financial examination, “which” reflects Morocco’s commitment to develop a more transparent financial environment and in response to the requirements of the international community, the priorities of the national economy.

“Improve the financing of development projects in accordance with national priorities” based on the dimensions of the initiative “considering the World Bank as a major player in the financing of social initiatives, this partnership will support the sustainability of the financing of major projects and the guarantee of their implementation in a framework of transparency and responsibility, taking into account the strategic priorities of the Moroccan government”.

Wise more and more effective

At the assessment of the professor of economics, this cooperation between Morocco and the Bretton Woods Foundation is a “qualitative step in the way to the development of financial audit and the improvement of good governance, taking into account national specifications and benefiting from successful international experiences in the modernization of financial audit systems and internal financial control (out of Estonia, Canada, Singon and Singon and Singon and Singon Brazil).

He continued by saying: “By updating international standards, using modern technology in a manner proportionate to the Moroccan economic structure and by strengthening strategic relationships, Morocco is regularly moving towards the consolidation of the advanced financial audit system which maintains the pace of global standards and supports sustainable economic development in a clear and specific Moroccan context.”

With regard to “technical support and development axes”, Isho stressed that “the effort to update audit standards, according to the latest international practices, taking into account the local context, includes the updating of the general financial inspection signs in in accordance with ISSAI standards (international standards for higher financial institutions), while adapting the reality of moroccanic and moroccan legislation.

As for the integration of artificial intelligence and advanced technologies, it aims to “improve financial efficiency in a Moroccan context”, while “improving financial audits using artificial intelligence solutions which provide a more precise data analysis, which contributes to detecting financial abuses and improving transparency”, while “respecting the economic structure of the background”. Digital transformation should help “increase the efficiency of the financial audit and a rapid response to the requirements of modern governance, taking into account the technical and logistical challenges of Moroccan institutions”.