Inaugural Meeting Of EAC Audit And Risk Committee Held In Kigali


store geneva; color: #222222; font-size: small;”>The Council of Ministers during its 25th Meeting held on 30 August 2012 in Bujumbura, cialis 40mg Burundi, appointed members of the East African Community Audit and Risk Committee comprising seasoned technocrats from all the five Partner States.

Addressing members of the Committee, the Deputy Secretary General (DSG) Finance and Administration, Mr. Jean Claude Nsengiyumva noted that the establishment of the Audit and Risk Committee was a great milestone in the EAC Governance Process.

He observed that the Committee was one of the cornerstones of good governance and will enhance accountability and help in the realization of value for money in the operations of the Community’s project and programmes.

Mr. Nsengiyumva emphasized that the Committee will help to oversee the audit function of the Community and pledged full support to the Committee in discharge of its functions.

The Kigali meeting, among others, considered and approved the Internal Audit Plans for the financial year 2012-2013 for the EAC Secretariat, Inter University Council for East Africa and Lake Victoria Basin Commission.

The Committee also received the Audit Commission report on the Audited Financial Statements of the East African Community for the year ended 30 June 2011 and the Management Letter, plus other external auditors reports.

The Committee formulated its mission and vision as follows: Vision of EAC Audit and Risk Committee is “to be an effective oversight body of Council in promoting accountability in the Community”.

The mission is “to enhance the Council’s oversight function in promoting and ensuring financial discipline, effective risk management, controls and governance processes as pillars of integrity and development in the Community”.


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