Introduction

Description

The Internal Audit Services provides financial, operational, compliance and performance audit services to the different offices within the Provincial Government of Bataan. Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve operations. It provides a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Objectives and Responsibilities

The overall objective of the Internal Audit Services is to assist all members of the PGB management in the effective discharge of their responsibilities by providing them with objective analyses, appraisals, recommendations, and pertinent audit comments concerning the following activities:

• Reviewing and appraising the soundness, adequacy, and application of accounting for financial and other operating controls;

• Promoting an effective system of internal controls at a reasonable cost;

• Determining that assets are accounted for and controls are in place to minimize losses;

• Ascertaining the reliability of financial data; Recommending operating improvements;

• Determining whether a department or program is achieving its mission, goals, and objectives in an effective manner;

• Assessing compliance with internal policies and procedures as well as local and national laws;

• and Providing sufficient follow-up on audit findings to determine the degree of implementation of audit recommendations.

Standards of Practice

The Internal Audit Services (IAS) follows the International Standard for the Professional Practice of Internal Audit (ISPPIA).

Reporting Responsibilities

The Internal Audit Services reports directly to the Local Chief Executive.