AGF Wants MDAs Audited on Quarterly Basis

Office of The Accountant General of The Federation

In order to curb the pile up of financial reports for auditing and as well create cooperation, understanding and harmonious working relationship between federal auditors and MDAs, the Accountant-General of the Federation (AGF), Mr. Ahmed Idris had advocated for quarterly audit of ministries, departments and agencies of government (MDAs).

Idris believes this will make their duties simple and easy to tackle when financial reports are received.

READ ALSO: EU Complains to WTO About Nigeria’s Ban on Milk Importation

The AGF further opined that the Office of the Auditor General for the Federation (OAuGF) should carry out quarterly audit of the MDAs as well as renew orientation on the concept and practice of auditing.

Speaking when he received the Auditor-General of the Federation (AuGF), Mr. Adolphus Aghughu, who paid him a working visit, Idris pointed out that it was high time the country adopted modern auditing techniques with ICT tools to makes auditing quicker and most accurate. He further stated that auditors are not on a witch-hunt mission, but are to advice and give positive opinion, adding that this would reduce the embarrassment that accounting officers of MDAs receive in public accounts meetings.

The AGF noted in a statement by Director, Information, Press and Public Relations, Mr. Henshaw Ogubike that both sister agencies have a similar mandate, stressing that, there cannot be audit without accounts and there is need for sustained cordial relationship for the good of the nation.

On the submission of financial statement for Audit, Idris said his office has been able to reduce the four years gap of non-submission to only one.

According to him, the accounts for the 2019 are ready for submission, except for the fact that they have been asked to wait till work is concluded on the 2018 report.

Earlier, the AuGF thanked Idris for his support and encouragement before and after his appointment. He also solicited for strong collaboration between the Treasury Audit Department of his office and the Consolidated Accounts Department of OAGF in order to timely resolve issues that may cause delay in the completion of work on financial statements.