FINANCING OF THE UNION

ACCOUNTABILITY OF THE AFRICAN UNION COMMISSION

For purposes of oversight, and in accordance with the AU Financial Rules and Regulations, the Commission is tasked with ensuring strong accountability mechanism for the effective, transparent and prudent use of resources through stringent implementation of Executive Council and Assembly decisions in all its aspects on the establishment of external and internal controls

From the Decision, the Commission was tasked with establishing a Committee of Ministers of Finance from the Member States, two per each of the five regions to will be involved in the preparation, monitoring and evaluation of the annual budget of the Union.

Further, the Commission is expected to report annually to the Specialized Technical Committee (STC) on Finance, Monetary Affairs, Economic Planning and Integration on the progress of the implementation of the decision.