Public sector audit
Audits of state and local government accounts, ministries, boards, commissions and parastatals, conducted in conformity with the International Standards of Supreme Audit Institutions.
Government and its agencies are the major players in shaping the economy, and a partner of the firm is specifically designated to the public sector — to monitor and analyse the economy using specialized economic and decision-making models, and to service government engagements efficiently and effectively.
Public sector audits conform with the International Standards of Supreme Audit Institutions. Those standards carry expectations a company audit does not: regularity — was the spending authorized and lawful; compliance — did it follow the financial regulations, the appropriation and the procurement rules; and, where the engagement extends to it, performance — did the money achieve what it was voted for.
Our public sector work has covered state government accounts, hospital management boards, universal basic education boards, pension boards and bureaux, electoral commissions, housing corporations, scholarship boards, electricity and drugs agencies, tourism and broadcasting corporations, polytechnics and colleges of education, and local government councils in Plateau, Nasarawa and Gombe States.
It also extends to work commissioned on government's behalf rather than on its accounts: verification of local debt for the Federal Ministry of Finance, and pre-licensing inspection reports prepared for the Central Bank of Nigeria on community banks.
Where an engagement is large or geographically spread, we staff it jointly with correspondent firms so that the same procedures are applied consistently at every site.
Public sector audits conform with the International Standards of Supreme Audit Institutions. Those standards carry expectations a company audit does not: regularity — was the spending authorized and lawful; compliance — did it follow the financial regulations, the appropriation and the procurement rules; and, where the engagement extends to it, performance — did the money achieve what it was voted for.
Our public sector work has covered state government accounts, hospital management boards, universal basic education boards, pension boards and bureaux, electoral commissions, housing corporations, scholarship boards, electricity and drugs agencies, tourism and broadcasting corporations, polytechnics and colleges of education, and local government councils in Plateau, Nasarawa and Gombe States.
It also extends to work commissioned on government's behalf rather than on its accounts: verification of local debt for the Federal Ministry of Finance, and pre-licensing inspection reports prepared for the Central Bank of Nigeria on community banks.
Where an engagement is large or geographically spread, we staff it jointly with correspondent firms so that the same procedures are applied consistently at every site.
