Pursuant to BOAD’s Articles of Association, operations are recorded according to commercial and banking rules and practices using international accounting standards following a decision of the Board of Directors.
As from FYE2010, the Bank’s financial statements are presented using the IAS/IFRS standards.
The Bank’s accounts are subject to an annual audit carried out by an External Auditor appointed by the WAMU Council of Ministers from among world renowned audit firms. In addition to the audit of accounts, the External Auditor carries out an annual review of the internal control system and makes recommendations aimed at strengthening it.
The incumbent External Auditor is:
PricewaterhouseCoopers Côte d’Ivoire
Immeuble Alpha 2000, 2ème étage
01 BP 1361 Abidjan 01