The Audit Committee of the Public Procurement Authority was inaugurated on the 8th August, 2022 by Dr. E.O. Osae, Director-General of the Internal Audit Agency.
Mr. Kwaku Premper, Deputy Chief Executive Officer chaired the inauguration on behalf of the Chief Executive Officer. He welcomed all to the PPA and to the inauguration.
Members of the Committee are Mrs. Cecilia Karikari (Chairman and ICAG Rep), Mr. Nathan Yankey (IAA Rep) and Mr. Joshua Tetteh (ICAG Rep). Mr. Daniel Otoo is the Secretary to the Committee.
Dr. E.O. Osae in his address noted that the Audit Committee is a statutory committee enacted to support Management deliver on its mandate. He said the committee has three roles, Mandatory, Advisory and Supporting. The mandatory role, he noted, requires the Audit committee to ensure the implementation of recommendations in Internal Audit report, External Audit reports or directives of the Public Account Committee (PAC) of Parliament. He added that as part of the mandatory role, the law requires the Committee to submit an Annual report which gives an indication of all reports that have come before them, issues raised, what the committee has supported Management to resolve and outstanding issues to be resolved.
Dr. Osae shared on the activities of current sittings of the Select Committee of Parliament on Audit Committee reports before the Auditor-General’s report comes out. He encouraged members to pursue management on the implementation of recommendations to ensure reports with zero outstanding recommendations are submitted.
On the advisory role of the Committee, the Director-General encouraged the committee to advise on the compliance of the PFM Act as well as their own laws. He tasked the Committee to ensure the Authority mainstreams risk management in their operations as the Authority’s mandate is associated with a lot of risk.
On the supporting role the Dr. Osae tasked members Committee support the Internal Auditor advise Management. He advised Management to invite members of the Committee to Entrance and Exit meeting of External Auditors to assist in the resolution of issues raised before their report comes out.
He informed the meeting on the launch of the Audit Report Recommendation Implementation Instructions and the Emergency Expenditure Guidelines just recently issued by the Minister of Financeand its benefits to institutions and the country as a whole. He tasked members to ensure the submission of the third quarter Internal Audit report. Dr. Osae encouraged Management to orient members on the activities of PPA to enable them give the best of support to PPA.
The Deputy Chief Executive Officer in his closing address thanked the Director-General for the insight gained from his address and recounted his PAC experience. He pledged the Authority’s support for the Committee and hoped that with its support there would be no such invitation to the Public Accounts Committee.
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