Posts

,

PPA, KNUST, UPSA, Graphic, others lead list of internal audit lawbreakers

Corruption Watch has discovered that a high number of regulatory bodies and academic institutions have broken the law requiring them to file annual internal audit plans and quarterly internal audit reports.

A total of 15 regulatory bodies and 12 academic institutions stand accused for defaulting in the submission of required reports as at the end of December 2020. The Public Procurement Authority (PPA), the State Interest and Governance Authority (SIGA), Kwame Nkrumah University of Science and Technology (KNUST) and University of Professional Studies, Accra (UPSA), Graphic Communications Group Limited are among high profile regulatory,  academic and state institutions, which defaulted in the submission of reports to the Internal Audit Agency (IAA).

The Internal Audit Agency and its staff are supposed to carry out audits before, during and after spending. The expectation, therefore, is that they are in a better position to ‘catch’ the thief before or during the ‘stealing’, making it easier to recover stolen public funds.

Read more
,

Assemblies’ Common Fund rip-off rises to GH¢124.82 million

Some officials of Metropolitan, Municipal and District Assemblies mismanaged funds and resources of their assemblies to a financial value of approximately GH¢124.82 million in 2019, the Auditor-General has revealed.

The financial irregularities for 2019 represent a 3.53% rise from the 2018 figure of approximately GH¢120.56 million. In nominal terms, the increase is approximately GH¢4.2m. 

“The findings once again showed lack of commitment on the part of the management of Assemblies in the implementation and enforcement of my audit recommendations towards mitigating infringements of the laws. I also attributed the situation to non-imposition of sanctions to minimise the violations,” says the Auditor-General in a letter transmitting his latest report to the Speaker of Parliament.

Comparative irregularities from 2015 to 2019 financial years
Read more