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March 20, 2013

Minister Mgimwa Unveils New Internal Auditors` Roadmap


The  government has officially unveiled five manual scripts to guide public institutions’ internal auditors to effectively monitor and control revenue collection and the exploitation of natural resources.
Finance Minister, Dr William Mgimwa said the Ministry’s decision follows a visionary move by the government to strengthen public accountability and good governance of resources that meet international standards of internal auditors.
He was speaking during the opening of a four-day meeting convened in Dar es Salaam which drew 400 internal auditors from different ministries, private institutions, regional secretariat and local government authorities.
The Minister said manual scripts launched will be used to form risk management strategies in public institutions.
Dr Mgimwa named the new-internal auditors ‘roadmap’ as the basic code of ethics for internal audit services and the guidelines for developing and implementing institution risk management frameworks, quality assurance and improvement programme procedures manual and to also draft a charter for internal audit service.
Accordingly, the minister a five year operation plan for the Internal Auditors’ general office has been in-place since July last year but was never officially launched.
“It’s my belief that all internal auditors will be able to smoothly operate in line with international requirements and standards promoting sustainable development of individual institutions…,” he said.

SOURCE: THE GUARDIAN

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