Department - Units
Internal Audit
INTRODUCTION
Internal Audit is an integral part of the ministry, established as a control system that is available to the management. Its duties include but not limited to the assessment, monitoring and evaluation of the implementation of policies, rules and regulations and reporting back for corrective actions.
Chapter 17 of the Nigeria Financial Regulations (2009 Edition) mandates the Internal Audit in the MDA’s to ensure that the complete and continuous audit of the accounts and records of revenue and expenditure, assets, allocated and unallocated stores are carried out, including management Audit that covers areas of activities of the ministry.
FUNCTIONS AND RESPONSIBILITIES
- Pre - payment audit of all payment vouchers (overheads and capital and revenue (if any)) to be achieved at 100% level.
- Witnessing and inspection of all supplies to the stores and elsewhere. We physically inspect and verify goods and services procured to the store and issue audit certificate.
- To inspect and monitor all Federal Ministry of Arts, Culture and Creative Economy Centers scattered all over the 36 States of the Federation, such as National Arts Gallery, National Troupe, National Theater, Centre for Black and African Arts and
- Civilization (CBACC), and National Commission for Museums and Monuments and Nigerian Film Corporation etc.
- Audit Stores, plants and machineries, equipment, motor vehicles and other assets of the Ministry.
- Issue Internal Audit Reports – Monthly, quarterly, half yearly and annually and other special reports if need be.
- Draw up Audit plan and programme stating the Internal Audit work for the year.
- Auditing of Financial books and records as are made available by Finance and Accounts Department including cash books mandates votes books to ascertain their correctness and adequacy.
- Carry out personnel audit in conjunction with other other relevant departments.
- Promptly correct errors, mistakes, procedures, inefficient control measures etc
- Conduct value for money audit to ensure that goods services rendered are commensurate and adequate with the money spent.
- Investigate reported cases of fraud, embezzlement and loss of the government funds, stores and/or properties.
- Helping the management in achieving their overall mandate of the Ministry by providing information early, ensuring judicious application of available funds, preventing and avoiding wastages and encouraging proper use of available resources.
- Continuous auditing of accounts and recording of revenue generation and transmission of Consolidated Revenue Account (CRA).
- Auditing of the Trial Balance and other relevant reports prepared by Finance and Accounts Department before submission to the relevant Statutory Bodies.