THE ROLE OF OFFICE OF THE AUDITOR GENERAL (OAG) IN THE MANAGEMENT AND ACCOUNTABILITY OF PUBLIC RESOURCES IN ZAMBIA. PRESENTER - T. CHIKONKO Assistant Director - Copperbelt Province. MANAGEMENT. Life is all about management. Although in the
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THE ROLE OF OFFICE OF THE AUDITOR GENERAL (OAG) IN THE MANAGEMENT AND ACCOUNTABILITY OF PUBLIC RESOURCES IN ZAMBIA.
PRESENTER - T. CHIKONKO
Assistant Director - Copperbelt Province
Life is all about management. Although in the
corporate world, management has several definitions, I
just want to refer to two major ones:
Unfortunately, the role of OAG in management
of public resources may not be very obvious.
However, it comes out as an off shoot of the effect
that the office has on accountability.
Article 121 and 122 of the constitution of Zambia establishes Office of the Auditor General – headed by the Auditor General (AG) who is appointed by the President and ratified by National Assembly.
The office does not belong
to any Ministry.
Office of the Auditor General exists in
order to provide quality audit and related
consultancy services to Government and
other institutions in order to PROMOTE
ACCOUNTABILITY and value for money
in the MANAGEMENT of public funds
and other resources for the benefit of
History: Auditing comes from a Latin word called “Audire” which means to “Hear”. In the middle ages owners of property entrusted it to others to manage. Once in a while they would go & “hear” how managers of their properties had performed. However, this has evolved in modern days and is now described as “An independent examination of and expression of opinionon a set of financial statements.”
Owners now appoint financial specialists to go through the records
maintained by managers of property and report to them.
And during each audit exercise, auditors in the OAG:
The National Assembly hands over the
Auditor General’s Report to PAC.
FUNCTIONS OF PAC
To examine the accounts showing the appropriation of sums granted by the National Assembly to meet the public expenditure.
To examine the reports of the Auditor General on the accounts of the Republic.
To report on their findings, observations and recommendations to Parliament.
PAC RELATIONSHIP WITH OFFICE OF THE AUDITOR GENERAL
The committee largely bases its work on the reports of the Auditor General on the accounts of ministries, departments, as well as parastatals and other institutions receiving government funds.
The role of the OAG is to
and value for money in the
MANAGEMENT of public funds
and other resources for the
benefit of SOCIETY.
I REST MY CASE!