A five- member Audit Committee of the C.K Tedam University of Technology and Applied Sciences has been tasked by the Vice- Chancellor, Professor Eric Magnus Wilmot to discharge their duties with a great sense of professionalism, diligence, and transparency. He assured the Committee of Management’s outmost support, noting that it was one of the most important Committees of the University required to provide oversight of the financial reporting process, the audit process, the University’s system of internal controls and compliance with laws and regulations as spelt out in the Public Financial Management (PFM) ACT 2016 (ACT 921).
Professor Wilmot expressed confidence in the Committee, and observed that “the University and the entire country would benefit immensely from your rich knowledge, expertise and experience.” The Vice-Chancellor made these remarks at a Ceremony held on Thursday, 27th May 2021, at the CKT-UTAS Council Chamber, to inaugurate the Committee.
In a Speech read on his behalf, the Director- General of the Internal Audit Agency, Dr. Eric Oduro Osae stated that the Audit Committee is a high- level Corporate Governance Committee which adds to the effectiveness of public accountability and efficient use of state resources.
“ The Audit Committee for C.K. Tedam University of Technology and Applied Sciences is being inaugurated today to fulfill the responsibilities imposed under Section 86 (1) of the PFM ACT 2016, the Public Financial Management Regulations, 2019 (L.1. 2378), the Public Procurement ACT 2003 ACT (663) as amended, the Guidelines for Effective Functioning of Audit Committees and other applicable financial laws,” he added.
Dr. Osae further urged the Committee to facilitate, support, persuade, advise, help establish and be highly interested in sound governance processes and internal controls.
The Committee is composed as follows:
- Solomon Piilazaaga Kanbey Chairman
- Daniel Avonise Atompoya Member
- Joseph Akurugu Adongo Member
- Cletus Agyenim- Boateng Member
- Afelibiek Ababu Member
- V.A. Ankamah- Lomotey Member/Secretary
The Chairman and members swore the oaths of office and secrecy, which were administered on behalf of the Director- General of the Internal Audit Agency by Ms. Mariam D. Ofoso Dankyi, Director of Human Resource and Administration at the Internal Audit Agency.
In attendance were a cross- section of Management including the Registrar, Dr. V.A. Ankamah- Lomotey, the Director of Finance, Mr. Anaamoatulim Anaab, Deans and Directors of Schools/Faculties/Centers as well as some senior members and senior staffs of the C.K. Tedam University of Technology and Applied Sciences.