In line with the provision in Section 1701(i) of the Financial Regulations, the Internal Audit Unit is a managerial control mechanism that measures and evaluate the effectiveness of internal control in an organization. The Unit has by the performance of its functions, contributed in ensuring that due processes are met in all transactions by the Office and extant regulations followed, thereby promoting transparency in order to enhance improved effectiveness and efficiency in the delivery of the mandate of the Office.
FUNCTIONS
- Ensuring periodic checks of all government statutory corporations, commissions and agencies under the office.
- To ensure adequate internal control measures.
- Evaluating effectiveness of internal control system in the office.
- To inspect/monitor departments under the office to safeguard, prevent or for early detection of anomalies.
- To ensure the system for control of expenditure is adequate and that all payments made are properly authorised for the correct amounts and that they are paid to the right persons, classified to the correct heads and subheads and made for the purpose for which they were authorised.
- A system for the control of the issue and consumption of stores is adequate, that all issues are properly authorised, that issues are made to the right persons for the purpose for which they must have been authorised, and that adequate stores records are maintained.
- To ensure that 100% pre-payment audit of all checked and passed vouchers are carried out and the vouchers forwarded under security schedule direct to the appropriate central pay office.
- To advise management on any observation made on financial, accounting, asset and store matters.
- To ensure prompt monthly, quarterly, half yearly and annual reports to management, accountant-general of the federation, auditor-general for the federation and other relevant agency(s).
- To ensure that staff and political appointee’s personal emoluments are promptly paid under the Integrated Personnel Payroll Information System (IPPIS).