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MDAs financial infractions decline by 32% in 2020

Financial infractions by Ministries, Departments and Agencies (MDAs) declined by 32 percent in 2020, compared to the previous year, the Director General of the Internal Audit Agency, Dr. Eric Oduro Osae has revealed.

Speaking at the 2021 Annual Conference of Internal Auditors, with a focus on Sustaining Internal Controls; Risk Management and Business Continuity in the Public Sector, the Director General said that the Internal Audit Agency, working through internal auditors and audit committees across the country saved the nation GH¢235,229,749.08 in 2020 fiscal year.

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Government must pay attention to internal auditing

Government must pay more attention to internal auditing to win the fight against corruption, Dr Eric Oduro Osae, Director General, Internal Audit Agency (IAA), has said.

He said the internal audit function was a pre-corruption and preventive task that must be ‘empowered’ not to waste resources in chasing funds that had already been stolen.

“It is better to prevent people from stealing and if we want to do that and do it well, we have to resource Internal Auditors.”

Dr Osae said this at the launch of the IAA’s new website, on Tuesday, in Accra, as part of efforts to support government to reposition its agenda towards fighting corruption.

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