GFA COMPLETES FIFA AUDIT FOR JAN 1-DEC 31, 2023
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The Ghana Football Association (GFA) has successfully completed the FIFA Central Review (FIFA Audit of Member Associations) for the FIFA accounting period January 1, 2023 to December 31, 2023.
This is the GFA’s fifth successful FIFA Central Review since 2019, when the current administration took office.
The successful FIFA Audit is key to the developmental agenda of the Association since the consequence of an unsuccessful FIFA Audit attracts the wrath of FIFA and sanctions including but not limited to FIFA withholding project funds, programmes and FIFA Forward allocations.
This year’s FIFA Central Review was undertaken by EY.
It will be recalled that, with respect to the GFA Statutory Audits demanded by Ghanaian law, FIFA and the GFA Statutes, international audit firm Baker Tilly Andah + Andah, in December 2023, completed the audit of the GFA from July 1, 2022 – June 30, 2023. This audit has since been sent to FIFA and will be part of the GFA Congress documentation.
The completion of the Statutory Audit by Bakertilly Andah + Andah is in fulfillment of Article 67 of the GFA Statutes, which is headed “’Independent and External Auditors”’ and states, in part, that:
“The independent and external auditors appointed by the Congress shall audit, on a yearly basis, the management accounts of the GFA in accordance with the appropriate principles of accounting and present a report to Congress”.
In line with the GFA accounting year, at the end of June 2024, the GFA Accounts for the period July 1, 2023 to June 30, 2024 will be prepared and the statutory audit conducted with a copy of the audit report going to FIFA on or before December 31, 2024.
GFA Communications