OAG to finalise 165 audit reports in 2014/15 financial year

12 Mar 2014 19:00pm
WINDHOEK, 12 MAR (NAMPA) - The Office of the Auditor-General (OAG) intends to finalise 165 audit reports during the 2014/15 financial year.
The Minister of Presidential Affairs, Dr Albert Kawana said this while introducing the OAG's N.dollars 97,2 million budget allocation for the 2014/15 financial year in the National Assembly on Wednesday.
Kawana said an amount of N.dollars 69,9 million is required to fund the public expenditure oversight programme, while N.dollars 28,2 million is earmarked for the supervision and support services programme.
He said the public expenditure oversight programme aims to ensure compliance with international standards; implementation strategic plan objectives; develop and implement annual plans; and attend promotional activities.
The programme is also set to carry out quality assurance reviews on audit files, reduce outsourced audits; ensure that performance agreements are developed and signed by all audit staff; and conduct quarterly reviews on performance agreements.
Kawana stressed that the supervision and support services programme further aims to finalise the Audit Bill; develop and implement internal policies; conduct wellness activities; implement the annual training programme; and ensure that staff attain professional qualifications.
It is in addition set to ensure that performance agreements are developed and signed by all administrative staff; conduct quarterly reviews on performance agreements; and provide logistical and technical support.
The Presidential Affairs Minister said the office contributes to the national objectives of Government by assisting the nation to make the best use of public resources, and the Auditor-General also assists in the achievement of proper accountability and transparency in the use of public resources.
“I am pleased to report that the construction of the new head office building was finalised during November 2013 and provision is made for the payment of retention fees during the 2014/15 financial year,” Kawana stated.
The minister said through the audit reports, the office observed that there is a serious need for capacity building in offices, ministries, agencies, regional councils, and local authority councils.
He said the OAG has embarked upon a programme that renders advisory and stakeholder education services on a regular basis to help improve public finance management.
Kawana said continuous changes in public sector auditing as well as Government expansion has compelled the office to revise its organisational structure and policies in order to meet the demands and expectations of its key stakeholders.
(NAMPA)
ME/AS