Internal Auditor

INTERNAL AUDIT PROFILE

AG.HEAD OF AUDIT UNIT

Ernest Kileo

1.0 Background

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, management control and governance process.

The set up and functioning of Internal Audit functions is a requirement of both Local laws as well as international standards as it is required under Local Government Finance Act. No. 9 of 1982 Section 45 (1) and 48, Public Finance Act (2001) as revised 2004 and amended 2010, Public Finance Regulations (2001), Local Authority Financial Memorandum, 2009 which replaced LAFM (1997), Public Procurement Act (20110, Public Service Act (2002), Standing Orders (2009), The International Professional Practice Framework (IPPFs) issued by the IIA, Code of Ethics for Internal Auditors issued by the Internal Auditor General, Circulars issued, from time to time, by the Permanent Secretary, President’s Office- Public Management Service Management (PO-PSM)

2.0 Objectives

• Determine the accuracy and propriety of financial transactions.
• Evaluate financial and operation procedures for adequacy of internal controls and provide advice and guidance on control aspects of new policies, processes and systems
• Verify the existence of Council assets and ensure that proper safeguards are maintained to protect them from loss.
• Determine the level of compliance with the various policies and procedures, and Government laws and Regulations
• Evaluate the accuracy, effectiveness and efficiency of the information system in a council.
• Determine the effectiveness and efficiency of Council in accomplishing mission and Vision to  identify operation opportunities for cost saving and revenue enhancement
• Coordinate audit efforts with, and provide assistance to, the Audit committee and External auditors.

3.0 Structure

Internal Audit section comprises of three staffs including Head of Internal Audit section and the other two Internal Auditors.

4.0 Principle Code of Ethics and Rule of conduct

Internal Audit’s functions fall under the following ethics.

• Integrity
• Objectivity
• Confidentiality
• Competency