Match each public sector financial control mechanism or auditing authority on the left with its statutory function on the right.
- Public Accounts Committee (PAC)Performs parliamentary scrutiny of audited reports and summons accounting officers to answer audit queries.
- Auditor-General for the FederationConducts post-payment examination of public accounts and submits annual audit reports directly to the legislature.
- Ministry of Finance / TreasuryExercises executive financial control through warrant releases, fund management, and expenditure guidelines.
- Internal Audit DepartmentExecutes continuous pre-payment verification, voucher checks, and internal control evaluations within an MDA.
Answer
Public Accounts Committee (PAC) matches with performing parliamentary scrutiny of audited reports and summoning accounting officers. Auditor-General for the Federation matches with conducting post-payment examination of public accounts and submitting annual audit reports directly to the legislature. Ministry of Finance / Treasury matches with exercising executive financial control through warrant releases, fund management, and expenditure guidelines. Internal Audit Department matches with executing continuous pre-payment verification, voucher checks, and internal control evaluations within an MDA.
Each control organ operates at a distinct stage of public financial management. The Public Accounts Committee represents legislative oversight by examining audited accounts. The Auditor-General provides independent external statutory audit services. The Ministry of Finance exercises executive control over spending authorization and warrant issuance. The Internal Audit Department enforces continuous internal pre-payment verification.
Step-by-Step Solution
Key Concept
Tiers of Public Sector Financial Control and Audit Procedures