Dr. Eric Oduro Osae, Director-General of the Internal Audit Agency (IAA) inaugurated the Audit Committee of the Office of the Registrar of Companies (ORC) on 17th October, 2022.
Members of the Committee are Ms. Sena Dake (ICAG Rep and Chairperson), Mr. Kofi Asumadu Apenteng (IAA Rep), Mr. Caleb Kofi Ababio (IAA Rep). Prof. Williams A. Atuilik and Mrs. Gloria Ahadzi represent the ORC.
 Mrs. Jemima Oware, the Acting Registrar-General and Registrar of Companies in her opening address gave a brief on the mandate and functions of the institution. She informed the Committee of the challenges the institution was facing and said she looked forward to the support they would bringing on. The Acting Registrar-General assured members of further briefings and orientation on the affairs of ORC. She mentioned that she was hopeful the Committee would bring on board, broad and diverse experience to help the institution achieve the required financial prudence as it was committed to the efficient management of the public purse. She congratulated and thanked members for availing themselves to serve on the Committee of ORC.
 Dr. Osae in his address noted that since the ORC is a regulator, the Committee had a lot to do in ensuring the institution complies with the Public Financial Act. He stated that the Committee had three main roles to play, mandatory, advisory and supporting. Speaking on the mandatory roles, the Director-General informed members of their role in ensuring implementation of recommendations raised in Internal and External Audit Reports, Auditor-General’s Report, Management Letter and any monitoring reports of the institution. They are also support audit activities and control systems within the organization. Dr. Osae stated that even though the Committee has been inaugurated in October, they are required to submit an Annual Report on their performance.
 On the advisory role, members were encouraged to use their expertise to advise on a good transition and support the organization put in place controls and develop its risk system. Dr. Osae tasked members to ensure no law is violated and support the Internal Audit Unit deliver on its mandate.
 Dr. Osae concluded by drawing the attention of the Committee to reports that were due for submission and encouraged them to avoid defaulting in their submission.
