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Late reporting under mines public finance rules—IMF

Late reporting under mines public finance rules—IMF
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Mzuzu University faces probe over K1bn library construction money

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NAO faulted for 'flouting procedures' over K6.2bn Covid-19 funds report | Malawi Nyasa Times

May 1, 2021 Nyasa Times Reporter 2 Comments Scores of directors of finance in selected councils across the country have faulted the National Audit Office (NAO) for “flouting procedures” in the manner it handled an audit into the K6.2 billion Covid-19 funds. President Lazarus Chakwera had instituted an audit on Covid-19 funds across councils in the country, and a report by the Auditor General shows that only 14 councils are without a query and are not appearing in the report. Among others, a senior government official, well-versed with standard public audit processes say an audit begins with an engagement letter from NAO to concerned ministries, departments and agencies (MDAs) and then an entry meeting is conducted before the audit starts.

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