The Mayor and Councillors of the City of Georgetown this evening approved its Internal Audit Policy at its Statutory Meeting held at the Kitty Market Auditorium.
The Policy seeks to assist members of the M&CC in the effective discharge of their responsibilities by furnishing them with analyses, appraisals, recommendations, and information concerning the activities reviewed and by promoting effective control, sound business practices at a reasonable cost and to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, internal control systems and governance processes.
His Worship Pt Ubraj Narine expressed his appreciation to the Council for its decision to approve this landmark document that will guide its operation.
The Policy will provide the mechanism for an independent assessment of financial, contractual, operational and environmental matters by conducting objective and professional evaluations of City operations to assist management in meeting prudent internal control standards and operational efficiencies.
The Mayor indicated that the Council has never had such a policy and he is proud of this historic decision which will assist in ensuring that the Council remains accountable to the people and improve its effectiveness and efficiency.