The Internal Audit Department derives its mandate from the Public Finance Management Act. No 1 of 2018, which provides for the establishment of a system of Internal Audit in every Public Body under the charge of a Controlling Officer. Therefore, the work of the Department is guided by the said Act and the International Standards for the Professional Practice of Internal Auditing, as outlined in the Internal Audit Manual of 2015.
The primary function of the Department is to provide independent and objective assurance service on the effectiveness of systems of governance, internal controls and risk management in the Ministry. In addition, the Department provides consulting services designed to add value and help the Ministry improve its operations in the implementation of Government programmes.
Among other things, the Departments assists the Ministry in:-
Generally, the work of Internal Audit is directed by the Office of the Controller of Internal Audit based at the Ministry of Finance and the Audit Committee for the Ministry, established pursuant to section 19 of the Public Finance Management Act No 1 of 2018. Types of audits undertaken include:-
Note that, for every audit carried out, there is a report issued which is a summary of the unresolved matters. Internal Audit policy allows for a period of 10 – 15 working days for matters in draft reports to be resolved, otherwise they are escalated to the final report issued in line with section 16 (3) above. These matters end up being uplifted by the external auditors if they remain unresolved. Therefore, it is important that all queries raised by Internal Audit are dealt with to their logical conclusion.
The current staffing complement for Department is five (5). In this regard, the Department is headed by one (1) Director, deputized by two (2) Internal Auditors and two (2) Assistant Internal Auditors. This is against an approved staff establishment of thirteen (13) posts not yet fully implemented.