Section 14, Matragement Act, 2016 for the frndenl, efftcictrt' eflectivg and

Section 75 ofthe Public Financial ManageDentAct 20t6 isamended by deleting the word 'Director of Inrcmal Audit" and inserting the word 'Miuister" under subssction (O, to now rEad as - '(ONotqrithstadi4g this Act or any other law, wheie a person fails to respond to a query or observation from the lltemal Audit, bis remrmeratio4 fees and allowances shall be withheld subject to the authorizatioD of the Miaister urtil the otrrrer responds to the Internal Audit's query or observation- " Arrctrdmellt of sectioa 75 of Act No. 13 Aroandmcrt of scctioD 75 of Act No. 13 )n)? 6 No- The Public Finoncia! Manage,rent (Amendment) ,4ct, 2023 MEMORANDLM OE OBJEC'TS,AND REASONS Tbe object of this Bill is mainly to amend the Public Fiaancial Matragemenl Act iOiO 6t ptop". u"*untability and transparcnt systems of financial management and intemal controls. The bill is divided into two Pads - Pafi I - deals with Fovisions for a system that shall resohe and implement audil recomnendations; and orovides that a serving officer, at the tinre ofthe audir tbtlorv-up' shall not refuse il" rJeo""ruifiry "fpioviairg ioformation and supporting documents relating to 'the activities ofhis Part II - provides for the following - (a) ensuring consistency and comparability in the ca*egorization of audit obsewatiols and recoarmendations for effective follou'uP, data ana$sis and disseminatio4 (b) establishes a structued and disciPlined follorv-up process by the iaternal audit function for aggressive and continuous resolutio and implemeDtation of audit recommendations; (c) captwes internal audit on the rcview df implementation of extemal audit recommen&tions; and (rI) gving powers to the Minister responsible for Finance instead ofihe Director InterDal Audit torespond to wiibhold remunemtion- fees and allcwances of a person wbo frils to respond to a quttl'r: obsrivation from the Internal Audit- No. The Public Fi a,rcial Management (Amendment) Ad ?n)1 Passed in Parliament this l,ord two thousand aud TweotyTwo. dol'oj , inthe Y€ar of our PARAN UMAR TARAWALLY Clerk of Pa iament. Trls PrnfiED IMpREssroN has beer carefirlly compared by me wirh the Bill which has passerl Parliament and found by rre to be a true and corrert priDted copy ofihe said Bill. PARAN UMAR TARAVTALLY, Clerk of Parliaorent Ptr.reo,,...o RmusrcD By rljE GorERNr@qr Prorrno Deexrrm.I, SIEnRA LEolrE F-v.noaruat G*t::'rs No. 64 or l9m Ocroare, 2023.