Audit committee in place

By ROBINSON LEKA
THE Papua New Guinea Sports Foundation (PNGSF) is aiming to restore confidence in the Government’s involvement in sports with the launching of the foundation’s audit committee.
Yesterday’s launching also marked PNGSF as the 52nd state agency to have an audit committee with the Finance Department and the Auditor General’s Office partnering the launch.
PNGSF acting chief executive Micah James said the committee would help to build transparency in governance while restoring the image of the foundation which had been tainted through mismanagement over the years.
“I’m very excited that this has finally come into fruition and that has been one of the most important units that has been missing for a very long time,” he said.
“For us at PNGSF, this has been an ongoing challenge in trying to ensure that there is accountability and good governance in terms of managing funds.
“This committee will help in restoring confidence in the organisation and build credibility that this organisation may have lost.”
Meanwhile, Finance Department deputy secretary, support services, Samuel Penias said the launch would enable the foundation to eradicate abuse of office and promote fair governance.
“PNGSF is the 52nd audit committee and that’s a milestone in terms of governance in the public sector,” he said.
“Misuse and abuse will happen because we do not have a system that works to guide what we do.
“So this is a very important process which we would like to see working effectively.
“We try to make sure that the right things are done so as partners in government, we need to support each other.”