Internal Audit Service
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Internal Audit Service
MANAGEMENT AUDIT DIVISIONS
Functional Statements:
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Conduct management audit of activities and its units and determine the degree of compliance with the mandate, policies, government regulations, established objectives, systems and procedures/ processes and contractual obligations
( section 2.4b, DBM Circular Letter No. 2009-5 and Section 1.1.2, AO 278, s. 1992);
- Review and appraise systems and procedures/ processes, organizational structures, assets management practices, financial and management records, reports and performance standards of the agencies/units covered (Section 2.4c, DBM Circular Letter No. 2008-5);
- Verification and analysis of financial and management data to ascertain if attendant management information systems generate data or reports that are complete, accurate and valid (Section 4.1.1.2, DBM Budget Circular No. 2004-4);
- Ascertain the reliability and integrity of financial and management information and the means used to identify measure, classify and report such information (Section 1.1.1, AO No. 278, s 1992);
- Ascertain the extent to which the assets and other resources of the institutions are accounted for and safeguarded from losses of all kinds (Section 1.1.3, AO 278, s 1992);
- Review and evaluate the soundness, adequacy and application of accounting, financial and management controls and promote the most effective control at reasonable cost (Section 1.1.4, AO 278, s 1992);
- Evaluate the quality of performance of groups/individuals in carrying out their assigned responsibilities (Section 1.1.6, AO 278, s 1992);
- Perform functions of a protective nature, such as prevention and detection of fraud or dishonesty; review of cases involving misuse of agency property; and checking of transactions with outside parties (4.1.1.4, DBM Budget Circular No. 2004-4); and
- Perform miscellaneous services, including special investigations and assistance to outside contacts such as COA (Section 4.1.1.5, DBM Budget Circular No. 2004-4).
OPERATIONS AUDIT DIVISIONS
Functional Statements:
- Conduct operations performance audit of activities of the department/GOCC and their units and determine the degree of compliance with the mandate, policies, government regulations, established objectives, systems and procedures/processes and contractual obligations (Section 2.4b, DBM Circular Letter No. 2008-5);
- Review and appraise systems and procedures/processes, organizational structure, operations practices, operations records, reports and performance standards of the agencies/units covered (Section 2.4c, DBM Circular Letter No. 2008-5);
- Verify and analyze operations data to ascertain if attendant management information systems generate data or reports that are complete, accurate and valid (Section 4.1.1.2, DBM Budget Circular No. 2004-4);
- Ascertain the reliability and integrity of operational information and the means used to identify, measure, classify and report such information (Section 1.1.1, AO 278 s. 1992);
- Review operations or programs to ascertain whether or not such programs are being carried out as planned (Section 1.1.5, AO 278 s. 1992);
- Evaluate the quality of performance of groups/individuals in carrying out their assigned responsibilities (Section 1.1.6, AO 278 s. 1992);
- Recommend courses of action on operational deficiencies observed (Section 1.1.7, AO 278 s. 1992);
- Perform functions of a protective nature, such as prevention and detection of fraud or dishonesty; review of cases involving misuse of agency property; and checking of transactions with outside parties (4.1.1.4, DBM Budget Circular No. 2004-4); and
- Perform miscellaneous services, including special investigations and assistance to outside contacts such as COA (Section 4.1.1.5, DBM Budget Circular No. 2004-4).
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