1 / 7

Internal Audit Unit

Explore the internal audit unit at the South African Department of International Relations and Cooperation, its challenges, and the way forward towards improvement. Learn about the audit committee's role, structure, and key focus areas.

schober
Download Presentation

Internal Audit Unit

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Internal Audit Unit South African Department of International Relations and Cooperation By: Internal Audit

  2. CONTENTS • Overview: • Internal Audit • Audit Committee • Challenges • Way Forward • Conclusion

  3. OVERVIEW MANDATE • PUBLIC FINANCE MANAGEMENT ACT Sec 38(1)(a)(ii) • Accounting Officer to establish a system of internal audit under control and Guidance of Audit Committee • Complying with and regulations & instructions prescribed in terms of section 76 and 77 • PUBLIC FINANCE MANAGEMENT ACT Sec 76(4)(e) • The National Treasury may make the regulations or instructions concerning Internal Audit components and their functioning • Currently the Internal Unit of DIRCO has 8 staff members responsible for conducting audits at Head Office and 125 Missions and the ARF fund.

  4. AUDIT COMMITTEE • Independent Committee comprising of members outside the Department • Head of Department, DDG’s and Head of Internal Audit are invited, non-voting members (standing invitees) • Chairperson of the Committee from outside the Public Service • Main role is the oversight of all activities of the department especially the system of internal controls • Reinforce and coordinate the work performed by the external and internal auditors

  5. AUDIT COMMITTEE 4 New members were appointed in December 2013. • Currently comprise 7 members. • Human resources • ICT field • Auditing, Accounting and Management Consulting. • Foreign Diplomacy • Legal

  6. CHALLENGES AND WAY FORWARD • HR has started with the process and some of the vacant posts have been filled • Job evaluation has been completed for the post of the ICT auditor as it is a specialised field. • Internal Audit structure current being reviewed. • Delays in filling vacant funded posts • Inadequate human resource capacity • Staff turnover due to market related rates offered by other institutions • Incomplete operation plan due to lack of human resources • Mission audits not conducted regularly

  7. Questions Thank you THE END

More Related