Ghana enforces public sector governance

The Ghana auditor-general's department has initiated moves to make auditing in the public sector more comprehensive, reports Ghana News Agency.

A symposium dubbed 'governance, accountability and reporting performance auditing', is part of an international programme to strengthen institutions that support good governance and democratic development.

Performance auditing started in Ghana eight years ago through the support of the Canadian Comprehensive Auditing Foundation. However, it is not yet mandatory for public sector agencies to do performance reporting even after auditing the projects they undertook.

The European Union's (EU) proposed Alternative Investment Fund Management Directive is prompting hedge funds to strengthen their risk management, governance and liquidity management software, states Risk.net.

According to Christian Szylar, a member of London-based consultancy Kinetic Partners, the directive presents European hedge fund managers, with a dilemma. They must decide between internally developing risk management systems or outsourcing their requirements.

He adds that many fund managers lack systems, data, experienced risk management talent and consulting expertise, but are under increased scrutiny, and are desperate to maintain the trust of regulators.

Concuity, a provider of revenue cycle management technology and services, has rolled out ClearContracts 9.0 aimed at the healthcare industry, says CNNMoney.

ClearContracts 9.0 includes management in compliance, reports, and accounts. The system also streamlines the ability to classify, manage, and distribute accounts for collection across any healthcare organisation.

Paul Byrne, president of Concuity, says: "ClearContracts 9.0 provides a dramatic increase in functionality, enabling healthcare providers to grow their bottom line, facilitate the month-end closing process, and address the growing trend of estimating patient liability.”