Under the PERA Force Laws, the appointment of any additional auditor or audit agency for the Authority must be approved by the Government. This ensures that the auditing process remains independent, credible, and aligned with national financial oversight standards. While... Read More
Under the PERA Force Laws, the appointment of any additional auditor or audit agency for the Authority must be approved by the Government. This ensures that the auditing process remains independent, credible, and aligned with national financial oversight standards. While the Authority or its Board may recommend the need for an additional audit, the final approval authority rests with the Government to maintain transparency and prevent conflicts of interest. This legal provision guarantees that all financial audits, whether routine or additional, are conducted under strict regulatory oversight, thereby reinforcing accountability and integrity in the management of public resources. Other entities, such as the Authority itself, the Board of Directors, or the Finance Committee, do not have the statutory power to approve additional auditors under the law.
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