Luanda - The Council of Ministers on Wednesday approved the bills that establish the rules applicable to external auditing of companies and public institutes, aiming to reinforce citizens' confidence in the quality of financial and accounting information.
According to the statement from this institution, the legislative initiatives aim to improve the quality of reporting and monitoring of companies and public institutes. Likewise, they also aim to ensure their alignment with best international practices, transparency, as well as promoting a culture of probity and parsimonious management of public financial and asset resources.
According to the press release of the II ordinary session, led by the President of the Republic, João Lourenço, the bills also define the profile of external auditors, the time limit for their rotation, regulating the scope and scope of the audit.
Speaking to the press, the director of the Legal office of the Ministry of Finance, Manuel Freire, said that public institutes are now required to undergo external audits, which can be changed every four years.
Manuel Freire added that external auditors would, in the event of violation of standards, also be subject to civil and/or disciplinary liability, imposed by the Order of Accountants and Accounting Experts.
The Council also approved a bill on the recruitment and selection of candidates for public administration, with the aim of strengthening legal access mechanisms and instruments, in a broad and democratic way. The legal instrument must provide greater reliability, transparency, rigor, impartiality and credibility to the staff recruitment and selection processes.
The statement reminds that the staff recruitment and selection process is the sole responsibility of the single contracting entity.
Regarding this matter, the Minister of Public Administration, Labor and Social Security, Teresa Dias, said that the document aimed to update existing procedures and bring administrative simplicity, without subjectivism. JFS/SC/TED/DOJ
