Auditing Division
Mission
The Internal Audit section will primarily examine and evaluate the adequacy and effectiveness of the system of management control and those policies, procedures and plans the Ministry and its subsidiaries have adopted to guide the Ministry’s activities.
Objective of Internal Control
The prime objective of Internal Audit Section is to assure the Permanent Secretary in his capacity as the Accounting Officer of the Ministry, about the adequacy of the internal controls within the financial and other systems for which he/she is responsible. Where control weaknesses are identified, the Internal Audit section is expected to put forward workable and cost-effective recommendations on how the identified weaknesses can be eliminated or minimized.
Definition of Internal Control
Internal controls are steps in each system to provide reasonable assurance that organization objectives will be achieved with particular reference to:
· Economic and efficient use of resources
· Compliance with applicable policies, procedures, laws and regulations.
· The safeguarding of assets and interests from losses of all kinds, including those arising from fraud and other types of irregularities.
· The integrity and reliability of information, financial records, financial statements and other data.
Activities
· To conduct system review within the Ministry and its stake holders
· Special investigations as directed by the Permanent Secretary
Legislative Requirement
State Finance Act, Act 31 of 1991, Section of 14 and 15 provide for the appointment of Internal Auditors and authorizes their access to accounts, documents and records of the Ministry to perform their audit duties.
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