Pulse.com.gh logo
Go


Deputy Auditor General Resource constraint could compromise audit of state institutions

He said given the nature of the work of auditors, it would be appropriate to insulate them from temptations.

  • Published: , Refreshed:
Accountant General's Department play

Accountant General's Department

The Deputy Auditor General Yaw Sefah has said resource constraint could hamper the ability of  the Auditor General’s Department to audit the finances of state institutions.

He said given the nature of the work of auditors, it would be appropriate to insulate them from temptations.

He said: "The resource constraint is something which is affecting the entire public sector, it is not only audit service.

"And sometimes we [audit service] even think that the Controller and Accountant Generals [Department] has been benevolent to us given the releases that we get.

"But then it still doesn't come to reason that given the nature of the work that we are doing, there is every need that you sort of insulate the auditor from temptations which is very very necessary."

Mr Sefah also raised concerns over the alarming rate at which management of Municipal and District Assemblies are falsifying account documents.

He adds that apart from the lackadaisical attitude managers of public institutions put up in submitting their account of expenditure for audit, they go to the extent of forging documents to support their claims.

“In many instances, they have to be queried before they submit their accounts for audit and some cases, they go to the extent of forging documents to back their expenditure claims”, he revealed.

The phenomenon is causing huge financial loss to the state, he stressed.

He wants this phenomenon addressed,  to save the country from losing much-needed financial resources.

"After the audit, we are given 30 days to respond and for all this time you couldn't provide documents. All of a sudden, when PAC calls you somehow the documents are made available," he said.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Capital Bank Collapse Here are the roles of a non-executive board chairbullet
3 Nana Appiah Mensah Menzgold boss apologises to BoG after Twitter rantbullet
4 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
5 Bank Collapse Capital Bank Board misused GHC 610 million from...bullet
6 Banking Crises Sahel Sahara and Omni Bank become latest to mergebullet
7 Collapse Bank Here’s what former staffs of Capital Bank are...bullet
8 Increment Fuel prices to go up again – IESbullet
9 Collapsed Banks Here are the auditing firms for the 7...bullet
10 Banks Collapse Gov’t to take action against those...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Money Alert Meet Africa's richest womanbullet
5 Support Finance minister buys Kantanka carbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 New Phones Nokia MWC 2018 Event in 5 minutesbullet
10 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business