The Libyan Audit Office has initiated a program aimed at enhancing internal auditing in various public institutions. This program is being implemented in collaboration with the German International Cooperation Agency (GIZ) through the "Masandah 2" program. The primary objective of this initiative is to support Libya's public institutions in improving their internal auditing capabilities.
The program targets internal auditing offices in several key institutions, including the Office of the Public Prosecutor, the Presidency of the Council of Ministers, and the Ministries of Finance, Planning, and Local Government. Additionally, it will cover the National Oil Corporation, the Libyan Investment Authority, and several other public entities. This comprehensive approach aims to strengthen the internal auditing framework across various sectors in Libya.
The program focuses on enhancing knowledge of professional internal auditing standards and their practical application. It also aims to develop a unified guidance manual for internal auditing offices, which will help standardize working methodologies and define approved procedures. This will contribute to more effective and efficient internal auditing practices in Libyan public institutions.
A key component of the program is the training of specialized trainers in internal auditing. These trainers will then be responsible for transferring their knowledge and expertise to other staff members, thereby expanding the program's impact and ensuring its sustainability. The "Masandah" program, funded by the European Union and implemented by GIZ, aims to support Libya's national institutions and enhance local governance.
The program is designed to empower municipalities and provide them with technical support, aligning with the goals of the program to support municipalities and public institutions in Libya. By strengthening internal auditing capabilities, the program seeks to promote better governance and accountability in the management of public resources.
The launch of this program marks a significant step towards improving the efficiency and transparency of public institutions in Libya. It reflects the ongoing efforts to enhance governance and accountability in the country, which are crucial for its development and stability.
Key aspects of the program include the development of a cadre of specialized internal audit trainers and the creation of a unified guidance manual for internal auditing offices. These elements are expected to have a lasting impact on the internal auditing practices in Libyan public institutions.
Key points
- The program aims to enhance internal auditing capabilities in Libyan public institutions.
- It is being implemented in partnership with the German International Cooperation Agency (GIZ).
- The program targets several key institutions, including the Office of the Public Prosecutor and the Ministries of Finance and Planning.
