Internal Audit

Internal Audit Unit

The internal Audit services assist Accounting Offices in accomplishing objectives of their organization. The Public Finance Act, 2004 as amended 2010 and Local Government Authority Finances Act, 1982 provides internal audits with a role of examining and evaluating the adequacy and effectiveness of internal controls; risk management control and governance in organization.

PORPOSE OF INTERNAL AUDIT SERVICES

According to IPPF and ITAF as issued by IIA and ISACA respectively, the purpose of internal auditing is to add value by improving operations of the audited institutions. This is done by assisting all levels of management to achieve their objectives through effective discharge of their responsibilities. The Internal auditors in these institutions have roles to:

1.      Perform audit assurance in an objective and analyzing manner, in accordance with International Professional Practice Framework.

2.      Engage in consultancy and furnishing management with analyses, appraisals recommendations and commentaries aimed at identifying avenues for improvement in risk management, controls and governance process.

RESPONSIBILITIES      

In effective implementation of the charter Heads of Internal Audit Services and the supporting staff have a responsibility for assessing compliance with policies and procedures as well as recommending corrections of processes rests with the respective management.

Responsibility of Internal Auditor General

(i)     Developing Internal Audit Policies, rules,  standards, manuals circulators and guidelines:

(ii)    Reviewing and appraising compliance to laid down laws , regulations , standards , systems and procedures in Ministries, Department , Executive Agencies, Government Institutions, Local Government Authorities , Regional Secretariats and Donor Funded projects;

(iii)Scrutinize and compile audit report from Ministries , Department , Executive Agencies, Government Institutions, Local Government Authorities , Regional Secretariats and Donor Funded projects; subsequently prepare a summary of major audit observations and recommendations for submission to the paymasters General;

(iv)  Prepare and view the risk management frame work and play an oversight role in risk management initiatives;

(v)    Develop and supervise the implementation of Internal Audit strategy.

(vi)  Coordinate implementation and review of annual audit plan

(vii)      Liaise with the controller and auditor General, Accountant General Accounting officers and Professional Standards settings Authorities on audit maters;

(viii)    Facilities the development of internal audit cadre;

(ix)  Manage and control the quality of the audit cadre and enhance capacity of Audit Committees;

(x)    Evaluate the effectiveness of Audit Committees in Ministries, Department , Executive Agencies, Government Institutions, Local Government Authorities , Regional Secretariats and Donor Funded projects;

(xi)  Review and appraise budget  planning and implementation with a view to promoting compliance with national goals and objectives ;