The Fiji National Provident Fund will conduct its first audit into the FNPF Investment Limited known as FIL and its subsidiary companies through which millions of dollars in members funds are invested.
Speaking to Village news, FNPF Acting CEO Aisake Taito confirms that the audit includes certain major projects.
Taito said the Boards of these companies will then decide on the viability of certain investments and consult the FNPF Board on the future direction of the FNPF's subsidiary companies.
The FNPF is calling for tenders to conduct an internal audit to ensure appropriate policies have been developed and records are maintained to ensure accountability and transparency in their operations in these companies.
FNPF conducts first internal audit
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