Holding Co.

Infusing fresh discipline into the bloated state machinery, a proposal to set up a Singapore style investment holding company and National Audit Authority has got the government
quote s attention.rn

rnThe Dutch government has sent a team of experts to look at the possibility of starting an independent National Audit Authority.rn

rnThe new authority will be a broader framework of the Auditor General
quote s Dept and answerable to parliament, says Treasury Secretary, Charitha Ratwatte.rn

rnldblquote We want it to be independent from the start, so that no minister can put pressure on upcoming audits. At the sametime it will help the Auditor General
quote s Dept. to source outside help, without political interference,
dblquote Ratwatte said addressing public servants at a Corporate Planning seminar on Thursday.rn

rnReferring to the backlog of state accounts, Ratwatte said cabinet had agreed to scrap publishing annual reports and accounts of state enterprises outstanding for over five years.rn


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