Parliament has successfully passed the Audit Bill 2024, marking a significant reform in the audit landscape of Fiji by modernizing the framework for the Independent Office of the Auditor General. This new legislation replaces the outdated Audit Act of 1969, with Finance Minister and Deputy Prime Minister Professor Biman Prasad asserting that it introduces essential provisions that enhance the powers, duties, and mandate of the Auditor General, particularly in the realm of auditing public accounts and related financial matters.
Professor Prasad highlighted that the new Bill aims to fortify the integrity and independence of the Auditor General’s Office. This move aligns with the ongoing efforts to enhance public sector auditing standards that were identified in earlier reviews of the legislation, which had not been revised since 2006. The reform is designed to ensure compliance with international auditing standards, addressing changes in public demand and the complexities of modern governance.
During the parliamentary debate, Opposition MPs Alvick Maharaj and Premilla Kumar suggested several pivotal amendments to the Bill, emphasizing the importance of gender-responsive auditing, stronger protections for individuals under audit, whistleblower safeguards, and the introduction of the “follow the dollar” principle to foster transparency in the utilization of public funds.
The comprehensive consultation and technical support from organizations such as the Pacific Association of Supreme Audit Institutions were instrumental in shaping the Bill. This broad support across the political spectrum, coupled with stakeholder inquiries for clarifications on certain aspects, reflects a unified commitment to advancing Fiji’s audit practices towards greater accountability and transparency.
This legislative development not only enhances the operational capabilities of the Auditor General’s Office but also symbolizes Fiji’s dedication to modern governance. By fostering a transparent financial oversight framework, the Bill is poised to reassure citizens about the integrity of public financial management in the country.
The proactive measures taken through the Audit Bill 2024 are a hopeful sign of progress, demonstrating a commitment to strengthen governance and public trust in Fiji’s financial systems.
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