With the aim to strengthen the audit process, adopt by
parliament a statutory amendment of the Audit Service Act
2014 and implementing regulations, as follows:
(i) to strengthen the implementation of ASSL
recommendations with a detailed provision which includes
the obligation of auditees to provide justification or
explanation, issue a timeline, assign staff and agree to an
ongoing engagement process with the ASSL. (Section 93
Audit Service Act)
(ii) to strengthen compliance during the audit process
by extending the power to withhold salaries of vote
controllers for non-submission of financial statements to the
verification and explanation stage (Sections 11 & 12 Audit
Service Act 2014).
Implemented with
delay.