https://www.taxtmi.com/news?id=624 Public audit must operate as a continuing oversight mechanism providing proactive, constructive inputs to the Executive for programme design, implementation and mid course correction, while requiring prompt and adequate responses from audited agencies to sustain parliamentary accountability. Auditors should extend scrutiny to devolved funds outside Government accounts, public-private partnerships, regulators and public debt, and support transition from cash to accrual accounting to ensure accurate fiscal indicators and debt sustainability. Institutional reforms should strengthen audit powers, processes and capacity and foster closer audit-auditee interaction to improve efficiency and transparency. en-us Thu, 16 Oct 2008 09:45:09 +0530 Thu, 16 Oct 2008 09:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=624 Public audit must operate as a continuing oversight mechanism providing proactive, constructive inputs to the Executive for programme design, implementation and mid course correction, while requiring prompt and adequate responses from audited agencies to sustain parliamentary accountability. Auditors should extend scrutiny to devolved funds outside Government accounts, public-private partnerships, regulators and public debt, and support transition from cash to accrual accounting to ensure accurate fiscal indicators and debt sustainability. Institutional reforms should strengthen audit powers, processes and capacity and foster closer audit-auditee interaction to improve efficiency and transparency. News - Thu, 16 Oct 2008 09:45:09 +0530 https://www.taxtmi.com/news?id=624