Deile said this would aid preparation of annual financial statements and auditing of government accounts.
She stated this while giving the 2019 Audited Financial Statements to the state Accountant General, Dr. Abiodun Muritala.
A release on Monday said the financial statements, endorsed by the duo, would soon be made public in accordance with international best practices and in line with the accountability policy of the present administration.
Deile, according to the release, explained that the reports met basic international accounting principles.
“While affirming that the 2019 financial statements represent the overall performance of the entire state, Deile explained that the statements included Statement of Financial Performance, Statement of Financial Position, Statements of Cash Flows as well as Statements of comparison of budget and actual amount for the year.
“She reiterated that the timeline set by the Lagos State Public Finance Management Law 2011 for submission of financial statements to the state auditor-general by ministries, departments and agencies and parastatal organisations of government coincides with that set for the State Treasury Office.
“To this end, the Auditor-General opined that there is need to amend certain provisions of the State Financial Management Law to aid preparation of annual financial statements and financial auditing.
“According to her, the Office of the Auditor-General in conjunction with the Office of the Accountant-General would work together to propose a review to the state House of Assembly for consideration and approval,” the statement added.
The Permanent Secretary/ Accountant-General, Muritala, attributed the improvements in the financial statements to adherence to laid down rules and procedures needed in preparing financial statements.
He appreciated the Office of the Auditor-General for the “seamless working relationship between the two offices” and assured the auditor-general that future financial statements would be improved upon as his office would take cognizance of the advice and suggestions that had already been communicated to him.
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