Internal Audit EMF

The Internal Audit department is responsible for ensuring that risk management and internal control systems are in place and continuously being improved and optimized in response to an ever-changing environment. It also provides reasonable assurance to controlling officers and the Secretary to the Treasury that internal controls exist and are being complied with.  Further it evaluates and recommends improvements on governance processes put in place by management and promotes effective controls at reasonable costs.

Key result areas for the EMF Internal Audit in 2022 include:

1. Financial Management, Controls and Procedure: This involves undertaking audit assignments and issuance of reports.
2. Treasury Service: This involves the continuous pre- audit of the payments’ process under Ministry of Finance (Head 37).
3. Support Function Process: This involves review of operating controls and procedures for support functions under the Ministry of Finance.
4. Audit Committee activities: This involves holding of quarterly audit committee meetings.

1. Public Finance Management Act of 2018
2. Financial regulations
3. Internal audit manual