THE Institute of Chartered Accountants of Nigeria (ICAN) is pushing for the adoption of the Accountability Index (AI) by the three tiers of government to enhance prudent management or public finance.
Making the presentation to members of Federation Account Allocation Committee (FAAC) at the weekend, ICAN President, Mr Razaq Jaiyeola said AI will focus on policy-based fiscal forecasting, budget scrutiny and audit, budget credibility and management of assets and debts.
The initiative according to Jaiyeola will improve the quality of governance in the country and tackle corruption in the public sector.
“The objective is to assess the performance of the various tiers of government-federal, states and local government.
“We want to measure their performance, we will rank them and from such rankings, we would be able to address certain things within the financial management…
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