Vice President Saulos Chilima has disclosed that the lack of adequate oversight and adherence to the 2018 amended Public Audit Act and the Public Finance Management Act of 2003 has cost Malawi billions of kwachas. Chilima made the remarks on Friday at the closing of the Public Sector Conference at Mponela in Dowa. The Vice […]
Vice President, Dr. Saulosi Chilima has called upon companies and organizations to recognize internal auditors as crucial and not just as box tickers, or mere checkers, saying they play an important role in control and governance. He made the call when he officially opened the 20th Annual Conference for the Institute of Internal Auditors at […]
Government has expressed great dismay that some councils are not cooperating with auditors sent to audit their books following revelation last year that 20 members of parliament in collaboration with some council officials abused constituency development fund. Spokesperson for the Ministry of Finance Davis Sado said although the auditing process is facing some hurdles, a […]
Blantyre Print and Publishing managing director Leonard Chikadya has challenged internal auditors to play their rightful advisory roles in organisations and consider themselves as drivers of business sustainability in addition to their usual role of protecting corporate resources. “As accountants and auditors either in leadership or as advisers, we have a responsibility to bring sanity […]