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Internal auditors recover GH¢522.9m in 2020

Internal auditors recover GH¢522.9m in 2020

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The work of internal auditors in public institutions across Ghana has saved GH¢522.9 million of public funds, the Director-General of the Internal Audit Agency (IAA), Dr. Eric Oduro Osae, has stated.
He said the amount was realised from audit observation infractions in 9,068 audit reports, out of which 6,699 recommendations, with a monetary value of the amount, were made.
“These are public funds that could have gone down the drain had it not been for the vigilance of internal auditors,” he said.
At the launch of the IAA new website in Accra yesterday, Dr. Osae said: “The internal audit function is a pre-corruption preventing function. So if Ghana wants to fight corruption to the core, we have to lay more emphasis on internal audit because we should not waste resources on fighting corruption or chasing funds that have been stolen.
“It is better we prevent people from stealing, and if we want to do that and do it well, we have to resource internal auditors.”
The IAA website is aimed at facilitating the submission of reports and interactions with various stakeholders to enhance the fight against corruption.
It will also address access to information and allow the tracking of every single report submitted to the agency.
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