Print Edition - 2014-09-06 | MONEY
OAG’s autonomy crucial to check fund misuse:Foss
Sep 5, 2014-
Norwegian Auditor General Per-Kristian Foss said on Friday the independence of the auditing body was crucial to ensure effective use of public resources and to prevent misuse, fraud and corruption.
The Office of the Auditor General (OAG) is a constitutional body of Nepal which audits the expenditure of public resources. Despite being a constitutional body that is independent from the government, Foss said there should not be separate budgetary arrangements for the supreme auditing body that remains far from the influence of the government. Currently, the Finance Ministry arranges resources necessary for the OAG like to any other constitutional body.
Since 2008, the Norway government has been assisting the Office of the Auditor General (OAG) to strengthen its capacity and enhance the quality of the audit system in the Nepal. The OAG has been implementing performance audit for the last six years with the Norwegian assistance.
Speaking at an event on Thursday, the head audit authority of Norway also agreed to extend the technical assistance in the area until 2017.
The performance audit system takes into account how executive bodies of the government implements parliamentary decisions. Foss emphasised on the need for Nepal’s compliance with the UN resolution A/66/209 that talks about ensuring independence of the supreme audit institutions. Auditor General Bhanu Prasad Acharya echoed Foss. He said: “Audit institution’s independence is a prerequisite for the discharge its responsibility objectively and effectively to promote good governance.”
Besides, Foss also stressed on the need for implementing “risk based audit”.
Published: 06-09-2014 09:26