Internal Auditors in public institutions in the country have been advised to ensure strict financial discipline in the use of public funds as the 2024 general election approaches.
The Director-General (D-G) of the Internal Audit Agency, Dr Eric Oduro Osae, who gave the advice, said there was the need for them to keep their eyes on their internal control systems and ensure that no budget overruns in the course of spending.
He also advised them to support External Auditors, Management and Audit Committee to ensure adherence to sound “financial management practices” in the public sector.
Dr Osae gave the advice during a two-day training workshop held in Koforidua for internal auditors in public institutions in the Eastern Region on the National Adoption of the new 2024 Global Internal Audit Standards (GIAS), Auditing International Public Sector Accounting Standards (IPSAS) Based Financial Statements and Application of the PFM Commitment Control Checklist.
The training forms part of a nationwide training of the internal auditors to expose them to the requirements of the new GIAS, and the reviewing of IPSAS-Based Financial Statements and Application…
