“Words like accountability and transparency must be more than just political buzz words. We must back that up,” said Deputy Prime Minister and Minister of Finance Peter Turnquest at Institute of Internal Auditors (IIA) Week-Bahamas Chapter luncheon held at Luciano’s of Chicago.
Turnquest revealed that the whole idea of internal auditing is so timely as the government tries to ensure transparency and accountability to reduce the instances of abuse and fraud in government spending. The government has stated that its aim is to improve processes and identify and ‘weed out’ bad practices and weaknesses in the overall system.
The minister shared exactly how cumbersome the Ministry of Finance is as it accounts for 61 per cent of the national budget, which translates to over…
