Osun Shines Again, Emerges Top State on ICAN Audit Compliance Ratings

The recent reforms and repositioning of the state civil service operations in Osun state under the leadership of His Excellency, Governor Ademola Adeleke continue to bear positive fruits as Osun State emerges the top state alongside two other States among the 36 states of the federation and the FCT on Audit compliance rating according to the accountability index of the Institute of Chartered Accountants (ICAN) as of October 2023.

The ICAN’s rating on state’s compliance with audit rules scored Osun, Ekiti and Lagos state as ‘Excellent’, seven states were scored ‘good’ while 26 others were rated ‘fair’.

ICAN commenced audit rating for states to assess financial management and accountability of state governments. The assessment focuses on compliance with audit rules and regulations and the quality and timeliness of audit reports, resulting in a rating of Excellent, Good, Fair or Poor for each state.

According to Innocent Okwuosa, the 59th president of ICAN, “the rankings suggest an overall trend of improving compliance with the constitutional requirement to audit state and local council accounts since the introduction of the ICAN accountability index.

An “Excellent” ranking for Osun state by the ICAN rules means “the Osun state government under Governor Ademola Adeleke has an excellent level of compliance with audit rules. Ensuring timely submission of audit reports with high level of quality and ensuring full implementation of audit recommendations.

This impressive performance of Osun State is another testimony of His Excellency, Governor Ademola Adeleke’s commitment to due process, transparency and accountability in the governance affairs of the state.