Fiji’s Parliament has successfully enacted the Audit Bill 2024, marking a crucial reform in the nation’s audit framework by updating the previous Audit Act of 1969. Finance Minister and Deputy Prime Minister Professor Biman Prasad has stated that this new legislation enhances the powers, duties, and responsibilities of the Auditor General, especially concerning audits of public accounts and related financial activities.
Professor Prasad emphasized that the reforms are intended to strengthen the integrity and independence of the Auditor General’s Office. This initiative aligns with ongoing endeavors to bolster public sector auditing standards, which were identified as needing revision in earlier reviews, particularly since the last significant changes occurred in 2006. The new Bill ensures compliance with international auditing standards while addressing the complexities of modern governance and rising public expectations.
During the parliamentary discussions, Opposition MPs Alvick Maharaj and Premilla Kumar proposed several key amendments. They focused on the importance of gender-responsive auditing, protecting individuals during audits, safeguarding whistleblowers, and incorporating a “follow the dollar” principle to enhance transparency regarding public fund utilization.
The Bill’s development benefited from extensive consultations and technical guidance from entities such as the Pacific Association of Supreme Audit Institutions. The widespread support among political factions and stakeholders seeking clarification on various provisions illustrates a shared commitment to improving accountability and transparency in Fiji’s auditing practices.
The passage of the Audit Bill 2024 not only boosts the operational effectiveness of the Auditor General’s Office but also signifies Fiji’s commitment to modern governance. By establishing a more transparent financial oversight structure, this legislation aims to reassure citizens about the integrity of public financial management.
This progressive move through the Audit Bill 2024 is a promising indicator of advancements in governance and public trust in Fiji’s financial systems. The proactive approach taken is indicative of a broader commitment to ensure accountability and ethical management of public resources, ultimately benefiting Fijian citizens.
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