Ministry of Finance, Economic Planning and Development through the Central Internal Audit has established a Financial Compliance Unit (FCU) with an aim of averting poor financial management practices, fraud, theft and abuse in public institutions.

The FCU provides a proactive and administrative action that will promote compliance with financial legislations and regulations in the public sector thereby eliminating practices that can lead to loss of public funds.

Among others, the department is mandated to have unrestricted access to all functions, records, property and personnel; approve and reject any financial transaction at any stage within its processing cycle and summon for hearing any public officer within the public sector and recommend disciplinary action to the Secretary to the Treasury for contravening financial legislation and regulation.

According to the Central Internal Audit Unit, the FCU’s objective will primarily be achieved through pre-auditing and enforcement. Its scope of work will cover examinations of transactions relating to budget, debt and grants, expenditures, revenues, assets and liabilities.