Wednesday, October 23, 2024

CAF Undergoing Third Audit In 18 Months


CAF
  CAF Undergoing Third Audit In 18 Months By Admin The Confederation of African Football (Caf) is undergoing its third audit in eighteen months, the body's Executive Committee has announced. The audit was commissioned by Caf's new Secretary General, Veron Mosengo-Omba, the former Fifa employee who was appointed to his role on 13 March. The Swiss-Congolese made his request shortly after arriving at Caf's headquarters in the Egyptian capital Cairo. "He came to Cairo the week after his appointment and put [the audit] in place immediately to assess the exact situation of the administration," Caf's Communication Director, Alex Siewe said. "It is not just financial. It is covering the whole organisation and the way we operate." The audit - whose results 'are expected at the beginning of May 2021' - is being carried out by Pricewaterhouse Coopers (PwC). PwC's audit of Caf between September and October 2019 - which was finalised in November 2019 - revealed an organisation in a state of disarray. The investigation - which was reported as being a joint decision by both Caf and Fifa - questioned the former's governance, payments and accounting, which was described as 'unreliable and not trustworthy'. Among other details, the audit highlighted transactions totalling more than $20m which either had "little or no supporting documentation" or were considered "higher risk". The body's workforce was described as "understaffed", "overworked" and "demotivated". A second audit was then conducted in early 2020, some of which was used in the ethics case which resulted in the ban of former Caf president Ahmad.
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Niyi Busari

Award winning journalist, Niyi Busari, the Publisher and CEO of BSN Sports Concepts is one of the most celebrated Nigerian sports journalist of his generation. A"cross-over" professional, he combines the talents and abilities of a print and electronic journalist in a manner that is rare, even though his specialization is print. A graduate of Economics from the University of Abuja where he obtained his Bachelor Degree in 2015.

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