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Auditor General’s Office to benefit from Value For Money workshop

Oct 07, 2008 News

The Canadian Comprehensive Audit Foundation (CCAF) will be hosting a ‘Value for Money (VFM) workshop in Guyana over five days, from October 13.

The workshop will include employees of the Auditor General’s Office as well as participants from Barbados, Argentina, Costa Rica and St Lucia.

According to the Auditor General, the diversity in the participants will significantly enhance the capacity of his staff, and will be reflected in the value-for-money audit that is slated for the current audit underway.

Recently, 28 staffers of the Audit Office were engaged in a three-day capacity building workshop on quality assurance auditing.

That workshop was part of a US$600,000 IDB consultancy programme to strengthen the functioning of the Audit Office in Guyana.

The money was secured in 2007 when Finance Minister Dr Ashni Singh and then Resident Representative of the Inter-American Development Bank (IDB), Sergio Varas Olea, entered into a non-reimbursable technical co-operation agreement to finance the implementation of the Strategic Plan of the Audit Office of Guyana.

The US$600,000 grant would support previous activities which the Government undertook to strengthen and modernise the Audit Office, by improving its structure and operation through support to the implementation of critical activities of its Strategic Development Plan.

The Government had also previously sought to advance the modernisation and strengthening of the Audit Office, with the support of the IDB, through a non-reimbursable technical assistance contribution, which commenced in May 2003 and was considered the first phase of the process.

In the overview of his 2006 Auditor General Report, Sharma had stressed that there were a number of other issues that were still to be addressed with respect to improving procedures, practices and standards within the Office.

One such issue he identified was the implementation of a Performance Audit/Value for Money Section.
This, he said, is expected to be phased in over a three-year period with the formulation of a manual for the execution of VFM audits, the setting up of a VFM audit section that is adequately staffed, and the staff trained in the conduct of such audits.

He had noted, too, that another issue to be addressed was the establishment of a Forensic Unit with well-formulated procedures and staff trained to conduct forensic audits.

“In addition, the complete implementation of a Quality Review Section, with well-documented review procedures and appropriately qualified staff, will go along way in enhancing the review component of each audit, as well as contributing to consistent and appropriate reports being issued….

It is expected that additional funding in the form of another IDB grant can be secured to assist in the continued strengthening of the Audit Office, with the implementation of these vital aspects.”

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