Banks, microfinance institutions and insurance companies do not keep their accounts under SYSCOHADA. Each applies the framework of its supervisory authority: the WAMU banking chart of accounts, the SFD accounting framework, the CIMA Code. We work with these institutions on their accounts, their internal control and their regulatory returns.
Who we work with
Your challenges
One framework per business
The revised WAMU PCB for banks, the SFD accounting framework for microfinance and mesofinance, the CIMA Code for insurance.
Portfolio quality
Classification of non-performing loans, impairment and provisions; for insurers, technical provisions and the assets that cover them.
Regulatory returns
Accounts and returns to be produced for the BCEAO, the Banking Commission, the ministry in charge of finance or the Regional Insurance Control Commission.
Internal control
Segregation of duties, access rights, information systems security and anti-money-laundering arrangements.
Banking prudential requirements
For credit institutions and financial holding companies within scope: capital, risks and reporting under the WAMU framework implementing Basel II and III. Microfinance and insurance rules remain distinct.
How we help
- Audit of financial statements prepared under the revised PCB, the SFD framework or the CIMA Code.
- Support for closing the accounts and for regulatory returns.
- Review of the loan portfolio, of non-performing loans and of their impairment.
- Assessment of internal control, internal audit engagements and continuous monitoring.
- Compliance audits, including anti-money-laundering arrangements.
- Restatements to IFRS for group reporting.
- Training of accounting, finance and control teams.
- For banking institutions within scope, review of controls and prudential reporting related to Basel III under the applicable WAMU framework.