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Internal audit division set up

Monika Singh
Tuesday, February 27, 2018

THE set up of an internal audit by the Fijian Competition and Consumer Commission could look into streamlining the processes and structures implemented by the board towards the achievement of FCCC's overall objectives.

FCCC chief executive officer Joel Abraham yesterday said with the five-year strategic plan (2018-2023) in place, the IA would be heavily involved in ensuring that the internal policies and procedures of FCCC are updated allowing effective overall operations and timely deliverance of the strategic goals.

In a statement issued yesterday, the FCCC announced the establishment of the internal audit function to ensure accountability and transparency of the organisation.

Mr Abraham said the division was led by Vincent Daveta who had more than 10 years' experience in auditing and accountancy as a result of his previous employment in similar roles in other public and private bodies such as the Office of the AuditorGeneral.

Mr Daveta has successfully completed his Bachelor of Arts Degree in Accounting and Economics from the University of the South Pacific.

Meanwhile according to Mr Abraham the IA will also be involved in reviewing the current operations of FCCC to identify control deficiencies and make timely recommendations for improvements and be actively involved in verifying the financial statements of the FCCC as well.

He said it was imperative for FCCC to set up an internal audit function to promote good governance by being in synchronisation with the public service values, government mandate and moreover ensure compliance with the 2013 Constitution, particularly Chapter 1 which stipulates the values including transparency and accountability.

The auditors further help public sector organisations assess whether public sector entities are doing what they are supposed to do, identify emerging challenges and provide workable solutions.

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