Reps ask Accountant-Basic, Auditor-Basic to submit 4-year {financial} statements 

The Home of Representatives Committee on Public Accounts has requested the workplaces of the Accountant-Basic and the Auditor-Basic of the Federation to arrange and submit the consolidated {financial} statements and audited accounts of the federal authorities for 2023 to 2025.

The decision which adopted an investigative listening to involving the Accountant-Basic of the Federation and the Auditor-Basic for the Federation, throughout which lawmakers examined delays in {financial} reporting of public {financial} administration requested the workplaces to offer the data earlier than October, 2026.

The committee has additionally queried the cost of N9.8 billion to distributors of the Authorities Built-in {Financial} Administration Data System (GIFMIS) in 2024, despite the noticed incapability of the platform to ship its core mandate of facilitating correct and well timed reconciliation of presidency accounts.

Chairman of the committee, Hon. Bamidele Salam, on Monday, expressed robust dissatisfaction with the failure of the Accountant-Basic to adjust to statutory {financial} reporting obligations.

He famous that the Fiscal Duty Act mandates the federal authorities to publish audited, consolidated {financial} statements not later than 6 months of the top of every {financial} yr.