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Audit improvement

Audit improvement

HALF of Cambodia’s 26 ministries are performing well with their internal audits, whereas the rest need improvement, according to the Finance Ministry’s internal audit department director Chea Vuthna. Limited knowledge and resources are keeping some ministries from being up to standard, Chea Vuthna said in the opening remarks of a nine-day internal audit training course for 89 officials launched Tuesday. The training is financed by the World Bank and Asian Development Bank. Cambodia’s World Bank country manager Qimiao Fan said the training is an important first step in building expertise for Cambodian officials. Finance Minister Keat Chhon said internal audits will build transparency in reporting revenues and expenses.

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