Accounting Officers Urged to Improve Asset Management
KATAVI: ACCOUNTING officers and leaders of public institutions have been urged to strengthen the management of government assets by strictly adhering to laws, regulations and established guidelines. The call was made by the Assistant Director responsible for Accidents and Compensation in the Government Assets Management Department at the Ministry of Finance, Dr Wenceslaus Sobayi, during the opening of a training session on public assets management for heads of public institut
Public institutions' accounting officers and leaders were encouraged to enhance the management of government assets by following laws and guidelines. This was stated by Dr. Wenceslaus Sobayi, Assistant Director at the Ministry of Finance, during a training session on public assets. The training aimed to address challenges in asset management and improve efficiency. Dr. Sobayi highlighted issues found in verification exercises, such as missing documents and outdated assets. These problems lead to unnecessary costs and audit concerns. He emphasized the importance of proper registration and reporting of assets. Participants were encouraged to share best practices to improve accountability. The training was praised for its potential to enhance public asset management. Continued training was requested to further improve efficiency and accountability.
Strengthening asset management helps ensure efficient use of public resources and reduces financial risks.
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