By Maxwell Awumah, GNA
Ho, April 9, GNA – Dr Eric Oduro Osae, the Director-General of the Internal Audit Agency (IAA), said the Government has initiated major legislative and policy reforms to restructure internal auditing and inject fiscal discipline into the management of public funds.
The enactment of the IAA Act, 2003 (ACT 658) and a Public Financial Management (PFM) Act 2016 (ACT 921) are to strengthen the position and practice of internal audit in the country.
Dr Osae made this disclosure in a speech read on his behalf at the opening of a two-day training in Ho on Monday for Public Institutions on the National Adoption of the 2024 Global Internal Audit Standards (GIAS).
Also for national adoption are the International Auditing Public Sector Accounting Standards-based Financial Statements and Application of the (PFM) Commitment Control Checklist system.
He announced that work was progressing steadily to finalise the Internal Audit Restructuring process and the IAA Amendment Bill, 2024, expected to rationalise conditions of service and provide the framework for professional effectiveness.
The Government had made commitments to implementing some…
