Governor Okova demands forensic examination to fight corruption -Nigerian

Before you go! Share this content on any social media platform

Ifeanyi Okowa of Delta says forensic and investigative auditing is the effective weapon against corruption as it can streamline public sector accountability.

Okowa announced this in Asaba on Tuesday and has declared the 23rd annual conference of local auditors for municipalities in the Federation open.

According to him, the forensic and investigative audit in particular can easily detect cases of financial mismanagement that leads to corruption, misappropriation of assets and fraud in accounting.

"The overall goal is to ensure that public money is spent wisely while assessing the adequacy of compliance by an organization," he said.

Okowa, represented by the State Commissioner for Water Resources, Fidelis Tilije, pointed out that Delta had also adopted the International Public Accounts Standards Platform (IPSAS) and domesticated the National Accounts.

The governor said the trial helped to increase the efficiency and proactivity of the state audit process.

According to him, the administration has also sent an audit law to the State House of Assembly, and the bill aims to strengthen the auditors' functions and strengthen the state's audit autonomy.

"We have also set up an efficiency department in the State Ministry of Economic Planning, and these are just a few steps to improving the audit and accountability process. Ensuring healthy health in our finances; and bring about good governance in the state, "he said.

The theme of the conference was: "The application of forensic and investigative audit in the area of ​​public financial management of local governments: the role of auditors".

Okowa pointed out that the role of auditor general "was never more urgent and necessary than it is today".

In his speech, the Federation Auditor, Mr. Anthony Ayine, called on the auditors to launch aggressive management and capacity development programs to give them different skills needed to conduct a forensic examination.

"This includes a company-wide training of all qualified or selected managers in the new capabilities to ensure the individual and operational capacity.

"Without highly skilled and dedicated employees, the vision remains a dream," said Ayine.

He called on auditors to redesign their reporting style in order to reflect and convey the complex accounting issues and processes in a simplified way so that others, especially the general public, can understand the evidence and implications.

"The reorientation of the employees is another focus. It is very important to change the current mindset of the workforce, "added Ayine.

In his statement, Association Auditor-General, Osita Nwosu, pointed out that combating corruption and financial fraud can not be achieved without forensic and investigative auditors with appropriate skills.

Nwosu said that the examiners should have the ability and the competence to fulfill the difficult task by forensic and digital investigation of public sector financial processes.

"Undoubtedly, an effective and efficient process of managing public finances in local government is crucial to fighting corruption, reducing poverty, ensuring good governance, ensuring accountability and promoting transparency," he said.

Nwosu therefore proposed adequate funding for the auditors in order to perform their duties effectively.

Before you go! Share this content on any social media platform

Source link


Katy Perry, Taylor Swift, Beyoncé among the highest paid women in the world of music in 2018 (see Top 10) -Nigerian

Ellen Pompeo Calls Out Set’s Lack Of Diversity During Roundtable – Gabrielle Union & Gina Rodriguez’s Reactions Are Everything!-Nigerian