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Paving the way for privatisation of public sector banks


Paving the way for privatisation of public sector banks
With just eight months left in the current fiscal, it’s a race against the clock for the government to privatise two public sector banks.
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For representational purpose. (Photo | PTI)
With just eight months left in the current fiscal, it’s a race against the clock for the government to privatise two public sector banks. In February, Finance Minister Nirmala Sitharaman pledged to privatise two PSBs (besides IDBI Bank) and one public sector insurer within this fiscal. She even assured faster introduction of legislative amendments to banking laws that mandate minimum government ownership of 51% in PSBs. ....

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EXPLAINING OUR AUDIT PROCESSES FOR DUMMIES : Sierra Leone Concord Times


January 22, 2021
By: Winstanley.R. Bankole. Johnson
It is the brouhaha that has followed the recently published Year 2019 Government Audit Report by the Audit Services Sierra (ASSL) that has informed the caption of this piece. In the main I will be using plain and simple English methods of communications for ease of understanding by the wider sector of society who are by now very much confused, to enable them to discern and hopefully decide what to listen to and who to believe.
WHAT IS AN AUDIT?
An Audit is an examination of various records, financial statements and administrative documents within a particular timeline to ensure compliances with existing regulations and guidelines in order to verify the fairness and accuracy of the transactions they purport to represent during that prescribed timeline. ....

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