Senior Minister Yaw Osafo Maafo has indicated that the prevailing weak internal audit regime on the African continent is partly to blame for the high spate of corruption.
He therefore appealed to governments and institutions on the continent to begin to strengthen their internal audit systems so as to help save the region huge sums of money that are lost due to corruption and bribery.
Mr. Osafo Maafo disclosed this while delivering a keynote address on Friday in Accra during the closing ceremony of the Fourth Annual Conference of the African Federation of Institutes of Internal Auditors (AFIIA).
The conference, held in collaboration with the Institute of Internal Auditors Ghana (IIA-Ghana) under the theme: ‘Enhancing Governance Effectiveness with Insightful Internal Audit,’ brought together participants from about 30 African countries, Austria and the United Kingdom (UK).
Mr. Osafo-Maafo indicated that the corruption menace facing Africa was due to weak systems and that there was the need to expand the boundary of good governance for stakeholders in the fight against corruption.
According to the Senior Minister, due to political and ethnic affiliations, many internal auditors on the continent, had refused to come out with true findings of their investigations.
He appealed to internal auditors across the continent to help save their institutions and governments some revenues by protecting the public purse through professionalism in their field of work.
“Good internal audit helps to save institutions a big sum of money through effective findings and diligence,” he said, adding that “practitioners are expected to function to safeguard and strengthen the scope of knowledge through quality counseling to management.
Source: Daily Guide
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Are we going to talk about it or are we going to do something about it. The other problem in Africa is that we do not let creative and innovative people contribute to society. We plug the round holes with square pegs (ineffient public servants) and we prevent frequent interactions and involvement of new ideas and new brains. THe developed world always develop new ideas and try them out to replace old methods. Africans stick to people who use old and out-worn methods that have flaws. These same people allow others (or themselves) to take advantage of the flaws to enrich themselves and impoverish the citizens. Africa is always the shamme of the world. Because we have dummmmb and stuuuuupiddd people in our civil and public services. And we do not let people with clever and new ideas implement them.