This document outlines the responsibilities of monitoring and evaluating the implementation of internal audit policies, plans, and reports for Parastatals. It involves ensuring scrutiny of audit reports, preparing summaries, reviewing quality, and facilitating the evaluation of audit committees. Additional responsibilities include following up on agreed recommendations, participating in oversight committees, monitoring risk management guidelines, and developing and implementing annual risk assessment programs.
Original Description:
e implementation of internal audit policies
Original Title
To ensure the monitoring and evaluation of the implementation of internal audit policies
This document outlines the responsibilities of monitoring and evaluating the implementation of internal audit policies, plans, and reports for Parastatals. It involves ensuring scrutiny of audit reports, preparing summaries, reviewing quality, and facilitating the evaluation of audit committees. Additional responsibilities include following up on agreed recommendations, participating in oversight committees, monitoring risk management guidelines, and developing and implementing annual risk assessment programs.
This document outlines the responsibilities of monitoring and evaluating the implementation of internal audit policies, plans, and reports for Parastatals. It involves ensuring scrutiny of audit reports, preparing summaries, reviewing quality, and facilitating the evaluation of audit committees. Additional responsibilities include following up on agreed recommendations, participating in oversight committees, monitoring risk management guidelines, and developing and implementing annual risk assessment programs.
(i) To ensure the monitoring and evaluation of the implementation of internal audit
policies, standards, regulations, manuals, circulars, and guidelines for Parastatals.
(ii) To ensure the monitoring and evaluation of the implementation of Internal Audit strategic plans in Parastatals. (iii) To facilitate the scrutiny and compilation of audit reports from Parastatals and Donor Funded projects and ensure the preparation and submission of a summary of major audit observations and recommendations to the Deputy IAG for further action. (iv) To facilitate the development, implementation, and review of annual audit plans for Parastatals. (v) To ensure the review of quality improvement for Internal Audit reports from Parastatals and provide advice on improvements. (vi) To facilitate the evaluation of the effectiveness of Audit Committees in Parastatals. (vii) To ensure the follow-up on the agreed audit recommendations and required corrective actions is conducted. (viii) To ensure participation in hearings and the provision of advice to relevant Parliamentary Oversight Committees. (ix) To facilitate the development, monitoring, evaluation, and review of the implementation of risk management guidelines and mechanisms. (x) To facilitate capacity building in the public sector for the identification, analysis, and management of risks. (xi) To ensure reviews and assessments of the effectiveness of Risk Management are carried out. (xii) To review, appraise, and recommend improvements to existing controls. (xiii) To ensure the evaluation of the design, implementation, and effectiveness of governance arrangements in the public sector and recommend improvements. (xiv) To identify and evaluate potential risks associated with Government operations and provide advice. (xv) To develop and implement annual risk assessment programs.