The Ag. Director-General of the Internal Audit Agency (IAA), Mr. Thomas A. Thompson-Aryee, paid a courtesy call to the Director-General of the State Interests and Governance Authority (SIGA), Mr. Michael Kpessa-Whyte.
The meeting focused on key issues relating to performance and governance of SIGA-regulated institutions, including:
Delayed or Non-Submission of Reports: Concerns were raised about the failure of some institutions under SIGA’s oversight to submit required reports or to do so in a timely manner.
Implementation of Audit Recommendations: The parties discussed the need for improved follow-up on the implementation of recommendations from quarterly internal audit reports, Auditor-General’s reports, management letters, and internal monitoring reports, particularly those related to financial matters and directives from the Public Accounts Committee (PAC).
Audit Committee Effectiveness: The establishment and operational efficiency of Audit Committees across these institutions were discussed.
Treatment of Internal Auditors: The discussion also addressed the working conditions and professional treatment of internal auditors within these institutions.
To strengthen collaboration and promote good corporate governance and accountability, both institutions agreed to formalize their partnership through the signing of a Memorandum of Understanding (MoU).
