The Telecommunications Authority of Fiji (TAF) is set to introduce a new financial management system aimed at transforming its financial operations and rebuilding credibility following years of audit difficulties. Prit Chand, the CEO of TAF, announced that the system is expected to be operational by July-August, marking a critical step toward improving the integrity of financial data and ensuring real-time reporting capabilities.
Chand highlighted the necessity for such measures during a presentation before the Standing Committee on Public Accounts. The transition to this new financial management system comes in the wake of several past audit reports from 2017 to 2024, which are currently under review. He expressed confidence that moving to a new system will help TAF tackle existing challenges, enabling the introduction of clean data that aligns with their long-term operational goals.
He stated, “We expect the finance management system to be in place by the July-August window. The plan is to start entering good data from August 1st, ensuring that our 2025 financials reflect accurate and reliable information.”
TAF’s ongoing efforts to clear audit backlogs and establish a strong foundation for future audits are reflective of its commitment to enhancing transparency and accountability in the telecommunications industry.
This initiative aligns with TAF’s earlier unveiled Five-Year Strategic Plan for 2025-2029, which aims at improving regulatory effectiveness, service delivery, advocacy, and financial sustainability within Fiji’s telecommunications sector. The strategic plan recognizes the importance of collaboration among stakeholders to achieve a digitally inclusive and empowered Fiji.
The anticipated changes represent a hopeful direction for TAF, as they lay the groundwork for improved financial integrity and operational efficiency within the telecommunications industry, ultimately benefiting the citizens of Fiji through enhanced services and connectivity.
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