Rey, Niño Al O.

- Internal Audit Services: Establishment, Composition, Responsibilities and Tools used in measuring
compliance with internal auditor responsibilities

DON HONORIO VENTURA STATE

UNIVERSITY
Graduate School
Bacolor, Pampanga

Internal Audit Services: Establishment, Composition, Responsibilities

and Tools used in measuring compliance with internal auditor
responsibilities
(Implementing The Philippine Government Internal Audit Manual Part
II – Practices)

A Report Submitted to:

LUIS M. LANSANG, CPA, DPA

Professor

In partial fulfillment of the requirements for the course

Public Fiscal Administration

Submitted by:

Niño Al O. Rey
Masters of Public Administration

December 4, 2021
3rd Trimester, AY 2021-2022

(Implementing The Philippine Government Internal Audit Manual Part II – Practices)

Rey, Niño Al O. - Internal Audit Services: Establishment, Composition, Responsibilities and Tools used in measuring
compliance with internal auditor responsibilities

Table of Contents

Page

I. Introduction 1

II. Initial Tasks of an Internal Audit Service/Unit (IAS/IAU) 2

III. Baseline Assessment (BA) of Internal Control System 2

IV. Three (3) Major Steps in the Conduct of Internal Auditing 3

Strategic Planning 3

Audit Process 3

Engagement Planning 3

Execution 3

Reporting 3

Follow-up 3

Performance Monitoring and Evaluation 4

Monitoring Performance of IAS/IAU 4

Steps in Performance Evaluation 4

V. Recommendation 5

VI. References 6

(Implementing The Philippine Government Internal Audit Manual Part II – Practices)