Nepal Oil Corporation
The governance and internal audit for Nepal Oil Corporation, a prominent public sector organization, focused on enhancing operational efficiency and ensuring accountability. The project started with a detailed review of workflows and internal processes across procurement, distribution, and finance departments. This audit aimed to identify bottlenecks and areas of inefficiency within the corporation’s operations.
Key findings included gaps in workflow management and compliance issues related to procurement processes. Recommendations were provided to restructure governance practices, introduce accountability measures, and strengthen internal controls. Regular discussions with the leadership team ensured actionable insights that aligned with organizational goals.
Conclusion
By implementing the audit’s recommendations, Nepal Oil Corporation was able to improve its governance structure, enhance public trust, and increase operational efficiency. This project demonstrated a deep understanding of the challenges faced by public sector enterprises and the ability to deliver transformative solutions.
Sabin Dhakal
Fellow Chartered Accountant with 5+ years of expertise in audits, financial reporting, and due diligence, skilled in team leadership and ensuring compliance with accounting standards.
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