New Internal Audit Unit Established to Enhance Financial Oversight

January 17, 2025 - 18:23

In a significant move towards improving financial accountability, the Finance Division has officially launched an Internal Audit Unit. This initiative is expected to have a long-term impact on the management of public funds and resources. The primary goal of the unit is to ensure transparency and efficiency within the financial operations of the division.

The Internal Audit Unit will focus on evaluating the effectiveness of financial controls, risk management, and governance processes. By conducting regular audits, the unit aims to identify potential areas of improvement and recommend strategies to enhance overall financial performance.

In addition to its immediate objectives, there are plans to gradually expand the unit’s reach to other government entities. This expansion is anticipated to foster a culture of accountability and best practices across various departments, ultimately benefiting the public sector as a whole. Stakeholders are optimistic that this initiative will lead to better financial management and increased public trust in government operations.