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Audit Finds Shortfalls in Governance and Financial Management at Government Agency
A recent audit conducted by the Ministry of Finance has identified several areas of concern regarding the governance and financial management practices of a government agency, the Internal Audit Unit of the Government (IAuGD).
Governance Weaknesses
The audit found that the IAuGD had failed to recruit two procurement officers despite repeated attempts, resulting in delays and inefficiencies in the procurement process. The agency was also unable to provide service level agreements for several contractors who received significant payments over a three-year period.
Financial Management Issues
Additionally, the audit discovered that the IAuGD had generated duplicate purchase orders for goods and services without cancelling the original orders, which could have resulted in duplicated payments.
Travel Management Problems
The audit also found weaknesses in the agency’s travel management practices. The review of travel claims submitted by four officers revealed errors and inaccuracies, resulting in short payments to some officials and overpayments to others.
Areas for Improvement
The audit report highlights several areas where the IAuGD needs to improve its governance and financial management practices, including:
- Implementing effective procurement processes to ensure timely and efficient delivery of goods and services
- Establishing service level agreements with contractors to ensure accountability for service delivery
- Improving travel management practices to prevent errors and inaccuracies in payments
- Enhancing internal controls to ensure compliance with financial regulations and guidelines
Response to Audit Findings
The agency has accepted the audit findings and has committed to implementing corrective actions to address these weaknesses. The Ministry of Finance will continue to monitor the IAuGD’s progress in addressing these issues.
Related Articles
- Government Agency Fails to Recruit Procurement Officers Despite Repeated Attempts
- Contractors Receive Significant Payments Without Service Level Agreements
- Duplicate Purchase Orders Identified in Audit Report
Contact Information
For more information, please contact the Ministry of Finance at [phone number] or [email address].