Internal Audit

The Internal Audit Unit’s primary function is to provide independent and objective assurance and consulting services, in line with relevant policies, regulations, and guidelines, including the Internal Audit Agency Act, the PFM Act, 2016 (Act 921), and the PFM Regulations 2019 (L.I. 2378, Section 221). This unit is crucial in managing and evaluating the Ministry’s activities to ensure that internal controls are effective, risk management processes are robust, and governance practices are properly applied to financial programs and projects, thus supporting the Ministry in achieving its objectives. The Unit’s responsibilities include ensuring that internal control systems are in place, maintaining accurate and accountable records, identifying and investigating accounting errors and fraud, and recommending enhancements to internal systems. Additionally, it ensures that financial, managerial, and operational information is accurate, reliable, and timely, that the Ministry’s financial activities comply with applicable laws and regulations, and that its assets are safeguarded and used judiciously. The Unit also plays a key role in ensuring that the Ministry’s resources are utilized economically and efficiently, that its goals and objectives are met to high standards, and that risks are adequately managed. Furthermore, it facilitates the prevention and detection of fraud, abuse, and waste, and keeps the Ministry informed about any issues or deficiencies in its programs and operations, necessitating appropriate corrective actions.