Earlier, the Chairman of the House Committee on Public Accounts, Mr Moshood Oshun, said that the amendment became necessary to make the law meet current realities and take Lagos state to a higher height.
According to Oshun, the amendment is to ensure that Lagos state residents get value for their money. He said that the auditors, who acted as the state police, served as checks and balances on the state’s budget. “I want to appeal to the auditors to do the best within their ability so that we can have the Lagos of our dream that can be compared to any state in the world.
The Chairman of the Lagos State Audit Service Commission, Mr Waliu Onibon, however, advised that the Permanent Secretary to be appointed should be a chartered accountant by profession. According to Onibon, such Permanent Secretary will be in-charge of in-house administration.
He said that the Chairman of the Commission should also be a professional accountant with cognate experience. Also contributing, the State Auditor General, Mrs Helen Deile, said that both the Chairman of the Audit Service Commission and the Permanent Secretary should be persons who posses public sector audit experience. According to Deile, the public sector experience is different from private sector experience.
Biafra: Abaribe begs A-Court to free him as Kanu’s surety He said that the commission would formulate polices, while the audit agencies will implement the policies. On challenges facing the department, Deile said “ nobody wants to be audited. But by and large because of education, we are not hostile to them, we are now strategic partners to Ministries, Departments and Agencies”.
In his remarks, Mr Humphrey Okorie, the Chief Executive Officer of the Institute of Internal Auditors, said that the state was moving closer to international best practices on auditing. On the composition of the commission, Okorie advised that the commission should comprise a chairman
Okorie advised the House to note a difference between internal auditing and accounting, not minding their relatedness, in the appointment of heads of the commission. According to him, an experienced auditor (not accountant) should be appointed as the Permanent Secretary, as auditing is a specialized field.
In this light, He said that there should be a Bureau of Internal Audit Services for the effectiveness of governance system and processes. Okorie said that internal auditors ought to be in various agencies to ensure that the necessary systems work.