- 20 Marks
FM – L2 – Q3.3 – Public expenditure and financial accountability framework
Name and explain objects of enactments for external and internal audit in public sector.
Question
Audit is a very important vehicle for accountability in the public sector. Therefore, appropriate enactment is made to govern and regulate external audit and internal audit in the public sector of the Republic of Takoradi.
Required:
(a) Name and explain the objects of the two enactments that govern and regulate external audit and internal audit in the public sector respectively.
(b) Discuss four responsibilities each of the following institutions under the respective enactments:
(I) Audit Service.
(ii) Internal Audit Agency.
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