The Internal Audit Unit (IAU) of the Ministry of Finance and The Public Service is mandated by the FAA Act to carry our regular audits of the financial and operational functions of the ministries, its Agencies and Departments. Special assignments are carried out on a regular basis as required by the Financial Secretary.
Internal Auditing is an independent, objective assurance and consulting activity designed to add value. Through a systematic and disciplined approach, Internal Audit helps the Ministry to accomplish its objectives by evaluating and recommending improvement to the effectiveness of risk management, control and governance processes.
The Internal Audit Charter provides the functional and organizational framework for the IAU’s activities. It defines the IAU’s:
- Authority and Responsibility
- Reporting relationships; and
- Scope/terms of reference