Audit

Why it matters

• Ensures financial accountability and transparency in the management of public funds.
• Acts as a mechanism for detecting irregularities, fraud, or systemic inefficiencies within an organization.
• Provides stakeholders with credible assurance regarding the accuracy of financial reporting and the effectiveness of internal controls.
• Facilitates evidence-based policy evaluation by identifying gaps between intended objectives and actual outcomes.

How it is asked

Focus on the constitutional role of the Comptroller and Auditor General (CAG) in auditing government accounts, the distinction between internal and external audits, and the role of the Public Accounts Committee (PAC) in reviewing audit reports.