The Public Accounts Standing Committee has unveiled a detailed report concerning the proposed Audit Bill 2024, which aims to modernize Fiji’s audit system by replacing the outdated Audit Act of 1969. This significant reform seeks to enhance the financial oversight mechanisms in the nation, ensuring that they align with contemporary governance standards.
The proposed legislation will improve the management of government finances, bolster the authority of the Auditor General, and address critical issues identified in previous audits. Committee chairman Esrom Immanuel emphasized the importance of the new law, stating that it aims to clarify the Auditor General’s salary, responsibilities, and powers, while also establishing clear rules for auditing public accounts.
This Bill is designed to bring Fiji’s auditing practices in line with international norms, thereby fostering increased accountability and transparency within government operations. A focal point of the report is the suggested adjustments intended to grant the Auditor General greater independence. A notable amendment includes changing the term ‘Attorney General’ to ‘Solicitor General’ in Clause 6, which aims to maintain the Auditor General’s independence from the government’s legal advisor.
Furthermore, the Committee has recommended that the Office of the Auditor General be required to report any serious irregularities discovered during audits. This change, which modifies Clause 17 from ‘may’ to ‘must,’ mandates that the Auditor General’s office actively disclose significant issues identified in audits to promote transparency and accountability.
Throughout the review process, the Committee conducted thorough analyses and consultations with stakeholders to understand the challenges currently confronting the Auditor General’s office.
As the Audit Bill advances through the parliamentary process, it promises to establish a more transparent and accountable framework for public financial management in Fiji. This will enable the Auditor General’s office to perform its essential functions effectively.
The Standing Committee on Public Accounts, which includes Mr. Immanuel, Deputy Chair Sakiusa Tubuna, Jovesa Vocea, Alvick Maharaj, and Naisa Tuinaceva, is dedicated to ensuring that this pivotal reform is successfully implemented.
This proposed amendment is an encouraging step toward elevating governance standards in Fiji, ensuring that the public can trust in the management of government finances and fostering a spirit of accountability.
In summary, the Bill aims to significantly enhance the structure and practices surrounding audits in Fiji, promoting integrity in government operations while ensuring that the Auditor General has the necessary authority and independence to fulfill their duties effectively.
Leave a comment