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SSNIT Launches Audit Into Operations

June 23, 2017
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The new management of the Social Security and National Insurance Trust (SSNIT) has commenced processes to audit the Trust.

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The move, according to the new management, aims at improving the operations of the Trust, to inform it of what new measures need to be implemented to make the Trust a viable entity within the sub-region.

According to the Director General of the Trust, John Ofori Tenkorang, the audit to be conducted largely differs from a forensic one on the operations of the Trust.

“Since we are new we want to establish a baseline, as to the kind of SSNIT we are inheriting. It is not a forensic audit but a baseline one where they will come and look at all our operations. It is only after we have been able to do that then we will be able to roll out new policies,” he stated.

He further stated that the audit process began in May and that four entities have so far been shortlisted and they are expected to submit Request for Proposals for consideration. The whole process is expected to be concluded in August 2017, he added.

“By the end of June there will have been selections made and we will give them a couple of months to do that and that brings us to the end of August to complete the process,” he told Accra-based Citi FM.

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Tags: AccountingaccraAccra-based Citi FMAuditAuditingBanks - NECCitiDirector GeneralFinancial auditInterpersonal relationshipsJohn Ofori-TenkorangNational Insurance TrustPension FundsSocial Security and National Insurance Trusttrust

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