Internal Audit Unit

Mission

The mission of the Internal Audit Unit (IAU) is to contribute to the efficient, economical and effective operation of the Ministry, its departments, divisions and agencies; as well as to encourage and promote the highest level of professionalism and integrity, while providing audit services of the highest standard.

Vision

The Internal Audit Unit (IAU) is committed to provide independent, objective assurance, value-added audit and consultancy services to assist management and improve operations in the achievement of the Ministry’s objectives.

Objectives

The objectives of the Internal Audit Unit (IAU) are to assist all levels of Management in the effective discharge of their responsibility performing audits in an objective and analytical manner, in accordance with International Auditing Standards and  furnishing management with analyses, appraisals, and recommendations on the audited activities.

Reporting

The Internal Audit Unit (IAU) reports administratively to the Permanent Secretary and functionally to the Audit Committee and the Ministry of Finance and the Public Service.

Services Offered

Services provided by the Internal Audit Unit (IAU) include:-

• reviewing the procedures for safeguarding assets, and as appropriate, verifying their existence;
• reviewing and appraising the economy and efficiency with which resources are employed;
• reviewing the reliability and integrity of financial and operating information, as well as the means used to identify, measure, classify and report such information;
• reviewing systems established, to determine whether there has been compliance with those policies, plans, procedures, laws and regulations which could significantly impact operations, and report thereon;
• reviewing operations and programmes to ascertain whether results are consistent with established objectives and goals, and whether the operations or programmes are being executed as planned;
• reviewing specific operations at the request of the Permanent Secretary, Audit Committee, or Ministry of Finance and the Public Service, as appropriate;
• monitoring and evaluating the effectiveness of the auditee’s risk management system.