Who is responsible to respond to Audit’s Observation?
The Controlling Officer is responsible for responding to all Audit observations as provided for in Section 306 Treasury’s Instruction, Section 7(4) Audit Act 1957 and Treasury’s Circular No. 14 Year 1980.
What is the time frame given to respond to Audit’s Observation?
The time frame given to answer the audit’s observation is one month from the date of the letter. If there is no reply received, a reminder will be sent after one month. All the matters that were highlighted/raised must be answered accordingly.
OBJECTIVES OF INTERNAL AUDIT
How will Internal Audit Section helps other agencies to achieve their objectives?
The Internal Audit Section will be able to help other agencies to achieve their objectives by:
- Increasing agencies’ internal control management
- Enabling agencies to identify their weaknesses and conducts that are against the current procedures and to give recommendations how to resolve certain issues.
- Enabling agencies to increase accountability and integrity in financial management
FOCUS OF INTERNAL AUDIT
Does the Internal Audit only focus on agencies’ weaknesses in conducting their auditing?
The Internal Audit Section is not a ‘fault finder’ but a ‘problem solver’. The Internal Audit Section will issue a balanced report to an audited agency. This means that any good practice done by the agencies will be also be included in the audit report for top management’s information and to set as an example to other agencies.
IMPLEMENTATION OF AUDITING BY INTERNAL AUDIT
How is auditing implemented by the Internal Audit Section in ministries/departments and agencies?
Auditing done by the Internal Audit Section is done based on the yearly program that was approved by the Permanent Secretary, and also based on the request by agencies (auditee) to the Internal Audit Section through the Permanent Secretary from time to time.