Financial assistance over the last 12 years from Interior’s Office of Insular Affairs has allowed territorial and freely associated state governments to strengthen and improve their public auditor capacities.
“Internal controls, procurement procedures, and revenue collections have all been identified as lacking for each government. The goal of our continued support is to create greater transparency and accountability of federal and local revenues for the benefit of all island residents,” Babauta said.
OIA funding will be administered by Palau’s Office of the Public Auditor to carry out and coordinate this year’s peer review project as well as update the APIPA Peer Review Manual. The manual was first adopted in 2007 as a way of promoting standards of quality and integrity of each audit office.
