Friday, November 22, 2024

INAUGURATION OF THE AUDIT COMMITTEE OF THE CHARTERED INSTITUTE OF HUMAN RESOURCE MANAGEMENT, GHANA (CIHRM)

The Deputy Director for Training, Research, Monitoring and Evaluation (TRME) at the Internal Audit Agency, Mr. Samuel Gyekye-Mensah inaugurated the Audit Committee of the Chartered Institute of Human Resource Management (CIHRM) on Friday, August 28,2023 on behalf of the Director-General. The inauguration was presided by the Chief Executive Officer of the Institute, Dr. Ebenezer Agbettor.

Members of the Committee are Mr. Thomas Antwi Wilson (Chairman and IAA Rep), Mr. Benjamin Adjetey (IAA Rep), Mrs. Dorothy Ayitiah (ICAG Rep.). Dr. Kwame Apedzi is a representative of CIHRM.

Dr. Ebenezer Agbettor, in his opening address, expressed great joy in welcoming everyone to the CIHRM. He explained that the purpose of the gathering was to officially inaugurate the Audit Committee of the institution and expressed gratitude for the presence of the AG D/TRME, who represented the Director General.

In addressing the members and the forum, Mr. Gyekye-Mensah explained the functions of the Audit Committee as provided in the Public Financial Management Act, 2016 (Act 921). He highlighted three key roles, Mandatory, Advisory and Supporting.

In expatiating, he stated that the mandatory role required the Audit Committee to support the institution set up effective and efficient internal controls, review reports from the Public Accounts Committee of Parliament and all other reports required of the institution under the Public Financial Management Act,2016 (Act 921) such as Workplans and Quarterly Audit reports and pursue implementation of recommendations in them.

On the advisory role, the Deputy Director highlighted the need for the Audit Committee to assist the institution mainstream Enterprise Risk Management in its internal audit processes.

On the supporting role, he urged the Audit Committee to aid the institution in delivering on its mandate.

Mr. Wilson, the Chairman of the Audit Committee, expressed his gratitude to his fellow members for nominating him. He emphasized the importance of learning among the committee members to ensure the Audit Committee’s objectives are successfully met. He concluded by officially accepting the position.

In his closing statement, the Chief Executive conveyed his gratitude to the Deputy Director for dedicating time to the inauguration. He then expressed his hope that the Audit Committee (AC) would contribute to enhancing their governance system and ensure compliance to law.

He also extended his appreciation to the committee members for accepting their roles, expressing trust in their dedication and commitment to meeting the necessary requirements.

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