04 Apr 2017 16:20pm
WINDHOEK, 04 APR (NAMPA) The Office of the Auditor General (OAG) plans to finalise 146 audit reports during the 2017/18 financial year to enhance compliance with International Standards for Supreme Audit Institutions (ISSAI) and improve the quality of its processes.
The audit reports include 37 government audits, 99 regional and local authority and statutory body audit reports and 10 specialised audit reports. These entail performance audits, information systems and environmental audit reports.
Motivating the budget allocation for the OAG in the National Assembly on Friday, Minister of Presidential Affairs, Frans Kapofi said the AGs reports identified gaps in governance that needed to be addressed by accounting officers.
The OAG was allocated a N.dollars 112 683 000 share from the N.dollars 62.5 billion National Budget.
Some of the issues highlighted in the reports were related to internal controls, risk management, conflict of interests and management.
Kapofi added that the AG needed resources to conduct 120 asset inspections throughout the country, to ensure that relevant controls are in place to safeguard government assets.
Asset inspections would also include Namibias diplomatic missions abroad.
Kapofi said a need was identified during the financial year to transform the OAG into a learning institution where professionally qualified human resources could contribute to accountability, transparency and good governance.
Due to financial challenges the initiative could not commence, he said.
The OAG identified two programmes; public expenditure oversight and supervision and support services, under which its budget would be allocated.
The public expenditure oversight programme was assigned N.dollars 73 381 000 and consists of government financial audits, accrual based financial audits, forensic, environmental, value for money, compliance information systems audits and key performance indicators.
An amount of N.dollars 39 302 000 was allocated to the supervision and support services programme for policies supervision and coordination and support services.
The OAG is critical to the promotion and deepening of accountability and transparency in our country; it is an important watchdog ensuring that public resources and assets are utilised for intended purposes, Kapofi stated.
He noted that the OAG also ensures civil servants eradicate waste embezzlement and misuse of public resources.