ESTABLISHMENT OF AUDIT COMMITTEES IN GOVERNMENT MINISTRIES OF A DEVELOPING COUNTRY

Risk Governance & Control: Financial Markets & Institutions

关键词: Audit Committee;    Corporate Governance;    Public Accounts Committee;    Ministry;    Accounting Officer;   

DOI  :  10.22495/rgcv6i4c2art5

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

The underlying study to this paper attempts toestablish to what extent audit committees in government ministries in Namibia have been established as a requirement for enhanced quality of service delivery and accountability to taxpayers A qualitative approach was followed, where questionnaires or an interviews were conducted with accounting officers in government ministries.Content and thematic analyses were used to formulate narratives based on the understanding of similarities and differences in respondents’ experiences, views and perceptions.The study shows that from the 17 ministries that responded, only 2 ministries have established audit committees. Confirmatory, there is currently no legislature that makes it mandatory for government ministries in Namibia to establish audit committees within their respective constituencies.There are no formal audit committee terms and references or an audit committee charters are in place. Government ministries in Namibia seem to not have adopted best national and international governance practices with respect to the establishmentof audit committees within their ministries. There is a need for a clear guidance as to how audit committees must be established; the composition of the committee members, the terms of office of committee members andremuneration, to mention a few.

【 授权许可】

CC BY-NC