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Regarding investigation in the public sector, the final report of the Board of Inquiry shall include:
A. The number of memoranda received from the public
B. A statement of the exact amount of loss that has been incurred
C. Certification from the Due Process office
D. Report of the Auditor-General for the Federation
E. External Auditors’ opinion statement on the loss that occurred
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Which ONE of the following is a type of audit included in the scope of responsibilities of the Auditor-General for the Federation?
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The Auditor-General of Ghana has unfettered power and is not subject to the control of any other authority in the discharge of his duties. He therefore refuses to accept any directives from cabinet ministers.
Required:
Evaluate the extent to which it can be said that the Auditor-General is not subject to direction of any other authority. (10 marks)
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The Auditor General’s 2011 Report expressed grave frustration about what it considered to be the widespread misuse of government funds. In 2011 alone, Ghana was estimated to have lost approximately GH¢173,174,541 as a result of financial irregularities.
The Auditor General expressed his frustration in the following terms:
“The cataloguing of financial irregularities in my Report on MDAs and Other Agencies has become an annual ritual that seems to have no effect because affected MDAs are not seen to be taking any effective action to address the basic problems of lack of monitoring and supervision and non-adherence to legislation put in place to provide effective financial management of public resources. This situation has not changed; it keeps recurring year after year to date.”
Required:
Critically examine the Auditor General’s frustration by assessing the possible causes and recommend solutions to overcome the problem. (10 marks)
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The Auditor-General has a responsibility to ensure that government business is being performed in a manner which will bring development and benefits to the citizens. Various aspects of the conduct of government business will engage the attention of the Auditor-General, for example execution of contracts for the construction of a regional hospital.
Required: i) Briefly discuss what performance audit entails? (2 marks)
ii) In carrying out the performance audit, evaluate the THREE (3) main factors that the Auditor-General will be concerned with in relation to the construction of the Greater Accra Regional Hospital. (8 marks)
(Total: 10 marks)
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a) Among the factors hindering the development of third-world countries is corruption. Corruption has been an obstacle for doing business in many countries. It occurs often in locally funded contracts and several measures have been adopted to curb it but it still persists. One of such measures is the creation of the office of the Auditor-General in many countries.
Required:
Assess the role and constitutional status of the Auditor-General of Ghana in ensuring public accountability as a means of fighting corruption.
(10 marks)
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a) Sewerage Corporation was established by an Act of Parliament to provide water to Rural Communities. The team of auditors from the Ghana Audit Service demanded to verify the performance agreements made by the company with the state. The Managing Director refused on the grounds that the auditors were over-stepping the scope of their work.
The auditors also discovered that the corporation has not established an Audit Committee (AC), as required by the Public Financial Management Act 2016, Act 921. Management’s response was that AC was not established because it did not see its importance even though it is required by law.
Required: i) Comment on the action of the Managing Director on the performance agreement. (5 marks) ii) Advise the Managing Director on the need to establish an Audit Committee (AC). (5 marks)
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c) The Auditor General is required in Ghana to submit his Report to the Public Accounts Committee of Parliament within six months of the end of the year to which it relates.
Required:
Identify the principal matters to which this Report must draw attention. (5 marks)
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