In
accordance with the provisions of the decree-law n°1/38
dated July 7, 1993, on Banks and financial Institutions
regulations, it is a honour for us to present you our
report on the implementation of our mandate to control
the financial year 2001.
Our
control was carried out according to the international
account auditing norms and included the analysis of the
documents and other accounting records.
We
have carried out verifications by spot checking and crosschecking
and by usual inventory controls for the year ending December
31, 2001. The verified existing documents have been found
in conformity with the accounting figures.
According
to the general auditing norms, we have examined the situation
of the assets and liabilities and the Losses and Profits
Accounts as at December 31, 2001. These accounts are in
compliance with the balances of the trial balance.
In
conclusion to our work and in accordance with the decree-law
n° 1/38 dated July 7, 1993, we can certify that the
annual accounts for the year 2001 show a consolidated
total balance sheet for INTERBANK and INVESTIMMO of 38,560,726,457
BIF and a net profit of 1,121,008,096 BIF and that the
Balance Sheet, the Losses and Profits Account submitted
to you for approval correctly reflect the financial situation
of the bank as at December 31, 2001.
Done in Bujumbura, January 11, 2002
| Déo
BANDEREMBAKO |
Prime
NYAMOYA |
Appendix
to the Auditors' Report:
Details on controls made
Control
activities concerned particularly the following elements:
| 1. |
The
quality of the portfolio and the subsequent guarantees,
the deposits and the investments; |
| 2. |
The
mode of interests posting; |
| 3. |
The
control of the compounding of the balance sheet
data and the income statement, on the one hand,
and those shown in the general balance, on the other
hand; |
| 4. |
The
expenditures account and the revenue account have
been verified by cross-checking and spot sampling; |
| 5. |
The
verification of amortization tables; |
| 6. |
The
reliability of the computer system; |
| 7. |
The
provisions level according to the criteria of bank
law and the relevant taxation; |
| 8. |
The
verification and compounding of the different INTERBANK
ratios to those established by the Bank of the Republic
of Burundi; |
| 9. |
The
tax declaration for the fiscal year 2001; |
| 10. |
The
consolidation of the INTERBANK - INVESTIMMO financial
summaries. |
Done
in Bujumbura, January 11, 2002
|
Déo BANDEREMBAKO |
Prime NYAMOYA |
