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| Sunday, 28 December 2003 |
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| News Business Features Editorial
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New Audit Act gives more muscle to AG The first working draft of the National Audit Act to establish a National Audit Commission and to strengthen the authority of the Auditor General, has been completed. The Act is expected to strengthen Parliamentary control over public finance by making provision to define the status, duties, power responsibilities and functions of the Auditor General. The main aim of the new National Audit Act is to establish a National Audit Commission and a National Audit Office to promote economy, efficiency and effectiveness to enhance the accountability in the use of public resources. The draft of the Act names the Speaker as the Chairman and comprises four members including the Leader of the House in Parliament, the Leader of the Opposition, the Chairman of the Committees on Public Accounts and the Chairman of the Committees on Public Enterprises. The Commission from time to time will present reports to Parliament on the exercise of its functions. On the powers of the Auditor General, the draft Act says that he is entitled to have the right of access to any books, records, vouchers, documents and information which is directly or indirectly related to the activities of an audited entity, which he considers necessary for the purposes of audit and the right to search and to make copies or take extracts from any document. The draft of 2004 consists of four parts with further details on National Audit Office and various other vital functions with regard to national auditing will be presented to the Cabinet shortly. |
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