Provinces introduce law for internal audit
May 16, 2018-
Provincial governments have opened the door for internal audit of the financial transactions at the agencies under them by introducing separate Financial Procedure Acts. In line with the law, Province Treasury Offices are expected to handle internal audit of the transactions of the provincial government agencies.
District Treasury Offices under the Financial Comptroller General Office (FCGO) had been conducting such audits of provincial governments as a temporary arrangement.“From the next fiscal year, Provincial Treasury Offices will be responsible for internal audit as our job is to conduct internal audits only of agencies under the federal government,” said Jibnath Pokharel, deputy financial comptroller general.
But the provinces have made different arrangements for internal audit with some requiring it every two months and some doing it every four months.
Yet others have made no mention of when they would conduct internal audit. Province 6 will conduct internal audits every two months while provinces 2, 3 and 4 will be doing so every four months. Provinces 1, 5 and 7 have not said when internal audits will happen. Offices under the FCGO conduct internal audits of federal government offices every four months. (PR)
Published: 16-05-2018 06:59