–For Lack of Optimal Performance
By Joseph Tumbey; josephtumbey@gmail.com
(+231)777941209
IPNEWS-Monrovia: With the Internal Auditing Authority (IAA) being the first line of defense in the chain of public financial management system of accountability and preventing fraud, Finance and Development Planning Minister, Samuel Tweah, has challenged the IAA to take Public Financial Management and transparency to a new level.
Speaking recently at the IAA’s Transparency and Integrity Collaborative Forum at the Monrovia City Hall under the theme “Taking IAA to the People”, Minister Tweah described the new level as PFM 2.0 and said “most of what government has been doing in the past 15 was to restructure, re-orient, and re-organize”.
The forum brought together participants from various anti-graft institutions, as well as, representatives from Ministries, Agencies, Commissions, Public Corporations, Civil Society Organizations and development partners to consult on strengthening collaboration in support of the IAA’s mandate and core functions to foster transparency and accountability of public funds.
Tweah emphasized that, there is a need to clean up all the other systems before the 2022 calendar year’s budget including the GAC, PPCC, LACC and IAA which are anti-graft institutions that need to be seriously looked at due to their critical roles in ensuring transparency and accountability in public financial management.
He admonished the IAA to be more meticulous and robust in the execution of its mandate and cautioned the agency that it does not work for Ministers of government, and the issue of funding should not be a concern since it can generate sufficient financial resources through efficient execution of the Public Financial Management (PFM) Law which would enable it attract financial support on its own by building public trust in expending public finances.
He however said, the lack of optimal performance by the IAA to ensure impeccability of compliance checks puts additional burden on the Ministry of Finance and Development Planning in carrying out its responsibilities.
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