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<\/p>\nEnergy Minister, Boakye Agyarko has charged the new Audit Committee for the energy ministry to commit itself to giving value for money as it commences its work.<\/p>\n
As part of fulfillment of provisions of Section 86 of the Public Financial Management Act 2016 (Act 921), the Minister on Friday, June 2, 2017 inaugurated a five member committee.<\/p>\n
The committee\u2019s mandate is among others mandated to ensure that the ministry complies with all audit long procedures and duly follow recommendations on Auditor General’s reports.<\/p>\n
Speaking at a short ceremony at the ministry, Mr. Agyarko was also confident the committee will help protect the public purse.<\/p>\n
\u201cGenerally, audit committee serves as a link in the communication network between internal and external auditors and administrative management. The general duties of audit committee include the overall scope of audit, results of audit and internal financial control,\u201d the Minister stated.<\/p>\n
\u201cI am inclined to believe that some of you have been involved in the work of the erstwhile audit report implementation committee and for that matter, I do not need to belabour the importance of the audit committee,\u201d Mr. Agyarko added.<\/p>\n
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The audit committee is also mandated to ensure that the entity to which it is related, pursues the implementation of any recommendation contained in an internal audit report, Parliament\u2019s decision on the Auditor-General\u2019s report and the report of an internal monitoring unit in the covered entity concerned particularly in relation to financial matters raised.<\/p>\n
The members of the committee are; Boakye Agyarko, Energy Minister; Prof. Thomas Akabzaa-Chief Director; Mr. Benjamin Adjetey -Representative Institute of Internal Auditors.<\/p>\n
The others are; Mrs Patience Austin – Representative Internal Audit Agency as well as Mr. Augustine Addo – Representative ICA Ghana.<\/p>\n
–<\/p>\n
By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Energy Minister, Boakye Agyarko has charged the new Audit Committee for the energy ministry to commit itself to giving value for money as it commences its work. As part of fulfillment of provisions of Section 86 of the Public Financial Management Act 2016 (Act 921), the Minister on Friday, June 2, 2017 inaugurated a five […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,171,170,11],"tags":[6493,702,4271,3],"yoast_head":"\n