Amendments to Public Audit Act will ensure accountability
29 May 2018
The proposed amendments to the Public Audit Act will ensure that dishonest and corrupt public officials are held accountable. Until now, a lack of accountability has been a major cause of fraud, corruption and misappropriation at public institutions.
One of the most important amendments concerns the definition of irregularities. The definition stipulates that it is non-compliance with or the violation of a law, fraud, theft or neglecting to do a legal duty which may lead to financial loss, loss of resources, damage to public institutions or damage to the general public.
This definition can also be used to describe what is wrong with most of our country’s municipalities. The amendment bill is, therefore, a step in the right direction to combat financial mismanagement.
If the Municipal Finance Management Act (MFMA) and the Public Finance Management Act (PFMA) were properly implemented and enforced, though, these amendments would not have been necessary.