You are here
Internal Audit is one of the main tools worldwide for the Management to introspect on the short falls and weak links of the system and suggest corrective measures. The Internal Audit Wing (IAW) under the Organization of Pr. CCA, M/o Education is assigned the responsibility to conduct the internal audit of the seven Ministries, all its attached and subordinate offices, autonomous bodies and grantee organizations and submit important findings to the Chief Accounting Authority. The main functions of Internal Audit are:
- Assessment of adequacy and effectiveness of Internal controls in general, and soundness of financial systems and reliability of financial and accounting reports in particular;.
- Identification and monitoring of risk factors (including those contained in the Outcome Budget).
- Critical assessment of economy, efficiency, and effectiveness of service delivery mechanism to ensure value for money; and.
- Providing an effective monitoring system to facilitate course corrections.
- Special/Risk Based audit of various Schemes and Programs of the Ministry to identify risk areas hindering achievement of targets of the Schemes and suggesting remedial measures to minimize the risks.