The National Petroleum Authority (NPA) has taken a significant step towards promoting transparency and good governance with the official inauguration of its newly constituted Audit Committee. Apexnewsgh reports
A brief ceremony was held to mark the occasion, highlighting the Authority’s dedication to strengthening integrity and accountability within its operations.
Acting Chief Executive of the NPA, Edudzi Kudzo Tameklo, reaffirmed his unwavering support for the committee, urging its members to diligently execute their mandate. “The work of this committee is crucial in maintaining the credibility and efficiency of the NPA. I trust that you will discharge your duties with the utmost professionalism and integrity,” Mr. Tameklo stated.
The Audit Committee’s primary responsibility is to provide independent oversight of the Authority’s financial reporting, risk management, and internal control processes. Its formation aligns with regulatory requirements aimed at promoting accountability in public sector institutions.
Dr. Eric Oduro Osae, Director-General of the Internal Audit Agency, formally inaugurated the committee, emphasizing its critical role in promoting transparency within the Authority’s financial and operational framework. “The establishment of this committee is a significant step towards enhancing accountability and ensuring adherence to best practices in governance,” Dr. Osae remarked.
As the NPA continues its mandate of regulating the petroleum downstream sector, the Audit Committee’s oversight will be instrumental in upholding the principles of good governance and prudent financial management.
Source: Apexnewsgh.com
