INTERNAL AUDIT AGENCY} A, A (Office of Government Machinery) 4 INTERNAL AUDIT AGE! REPUBLIC OF GHANA Ref: DG/50/2022/22 11t April, 2022 SEE DISTRIBUTION NOTICE: 1AA/01/05/2022 PRESENCE OF AUDIT COMMITTEE MEMBERS AT ENTRANCE AND EXIT MEETINGS OF EXTERNAL AUDITORS OF COVERED ENTITIES AND PUBLIC INSTITUTIONS Reference is made to the object and functions of the Internal Audit Agency (IAA) under Sections (283) of the Internal Audit Agency Act (Act 658), Regulations 1&2 of the Internal Audit Regulations 2011 (Ll) 1994, Sections 88 of the Public Financial Management Act 2016 (Act 921) and Regulations 228 of the PFM Regulations (L.1 27738) on the functions and policies of Audit Committees of Covered Entities and other Public Institutions. 2, It has come to the notice of the IAA’ that despite the provision of Section 88 of the PFM Act 2016 (Act 921) and Regulation 228 of the PFM Regulations 2019 (L1 2738) some institutions neither invite nor inchide Members or Chairpersons of Audit Committees in the exit and entrance of meetings of their External Auditors during Statutory Audits, 3. This Notice is to adyise Heads of Covered entities to facilitate, invite and ensure that Audit Committee Members or Chairpersons attend their External Audit Entrance and Exit Meetings. 4, Whilst thanking you for Your support, accept the continued assurance of our highest consideration E. 0. OSAE (PhD, CA) DIRECTOR-GENERAL DISTRIBUTION: 1. HEADS OF COVERED ENTITIES 2, AUDIT COMMITTEE CHAIRPERSONS 3. HEADS OF INTERNAL AUDIT UNIT i ecm ‘Ghana Howse (GNTC Building), 5" Floor J.¥. A. Mills High Street, Accra ®GH Post Tel: 0362196941 © 0207001062 © Email: 26-6142 » PMB 31 Minit ‘© Facebook: Internal Audit AgencyCo: ‘THE CHIEF OF STAFF, OFFICE OF THE PRESIDENT HON. MINISTER, MINISTRY OF FINANCE CHIEF DIRECTOR, OFFICE OF THE PRESIDENT CHIEF DIRECTOR, MINISTRY OF FINANCE DIRECTOR-GENERAL, SIGA THE HEAD, OHCS THE HEAD, OHLGS Ghana House (GNTE Building), ” Floor ). E. A. Mills High Street, Avera Tek (362196941 0207001062 © Email: inamail 11 Post GPS '@ Fuvebook: In 6112 © PAU! Minisries-Acere nal Audit Agsney