The Public Accounts Standing Committee has unveiled its detailed report on the forthcoming Audit Bill 2024, a significant legislative initiative aimed at overhauling Fiji’s audit system to replace the antiquated Audit Act of 1969. This reform is pivotal for updating the nation’s financial oversight mechanisms to meet modern governance standards.
The primary objective of the new Bill is to enhance the management of government finances, bolster the authority of the Auditor General, and address critical issues discovered in prior audits. Committee chairman Esrom Immanuel emphasized the importance of the new legislation, stating, “The main goal of the Act is to define the salary, duties, and powers of the Auditor General, as well as set rules for auditing public accounts.”
The proposed legislation is structured to align Fiji’s auditing practices with international standards, fostering improved accountability and transparency in governmental operations. One vital area identified in the report is the proposed enhancements to the Auditor General’s powers. The Committee has suggested amendments to grant the Auditor General greater independence, notably changing the term from “Attorney General” to “Solicitor General” in Clause 6 of the Bill. Mr. Immanuel mentioned that this change is recommended for reasons of independence since the Attorney General serves as the legal advisor to the Government.
Furthermore, the Committee has mandated that the Office of the Auditor General report any significant irregularities detected during audits. This amendment modifies Clause 17 from “may” to “must,” ensuring that serious audit findings must be reported, thereby enhancing transparency and accountability.
The Committee’s review process involved a thorough examination of evidence regarding the notification of serious irregularities, incorporating consultations with stakeholders and public hearings. These efforts have shed light on the existing challenges confronting the Auditor General’s office.
As the Audit Bill moves forward in Parliament, it holds the promise of establishing a more accountable and transparent framework for public financial management in Fiji, enabling the Auditor General’s office to fulfill its essential responsibilities effectively.
The Standing Committee on Public Accounts includes Mr. Immanuel, Deputy Chair Sakiusa Tubuna, and members Jovesa Vocea, Alvick Maharaj, and Naisa Tuinaceva.
This legislative update signifies progress toward ensuring that Fiji’s financial oversight keeps pace with international standards, laying a foundation for better governance and public trust.
As we look ahead, the successful implementation of the Audit Bill could foster a more transparent financial system, ultimately enhancing the public’s confidence in government accountability.
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