AU Compendium 2nd edition, 2014

Page 97

African Union Commission

97

Core Functions: a. To prepare integrated programmes of overall operational activities and projects; b. To prepare and issue instructions relating to budget preparation; c. To conduct and monitor the process of budget preparation; d. To prepare the programme budget of the Commission and follow up its implementation; e. To organise coordination meetings on programming and budgeting; f. To propose training programmes relating to programme designing, programme coordination and budget preparation; g. To manage the programme budget of the Commission; h. To initiate, propose, manage and implement financial policies; i. To develop and maintain financial and accounting rules and procedures; j. To promote awareness of best practices in financial management and internal financial control systems; k. To initiate and take necessary actions to collect funds of and for the African Union; l. To control budget execution and process payments; m. To invest excess liquidity as authorised; n. To facilitate the conduct of external audit; o. To ensure effective implementation of Financial Rules and Regulations; p. To ensure safe custody of all liquid assets of the Union; q. To ensure prompt recovery of all receivables owed to the Union; r. To produce periodic financial and budget execution reports and annual financial


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