Internal Oversight and Advisory Services

Submitted by webmaster on March 8, 2023

Goal: Enhance and protect Organizational value by providing effective internal oversight, insight and advice.

 

Objective 1: Facilitate effective management of significant risks to entity strategic objectives.

Strategies:

  • Develop and disseminate a National Enterprise Risk Management Strategy
  • Develop and Disseminate GOU ERM Guidelines
  • Governance oversight of significant risks to strategic objectives
  • Enhance Risk intelligent decision making through integration of ERM in key Entity processes
  • Facilitate focus on significant risks in planning and allocation of public resources
  • Enhance Corruption and Fraud Control Oversight
  • Effective risk monitoring and reporting
  • Promote Professional certification in ERM
  • Develop Training programme for ERM task-forces across government
  • ERM Performance excellence awards to Votes successfully integrating risk management

Objective 2: Improve organizational governance internal oversight

Strategies:

  • Develop and disseminate a National Organizational Governance Oversight Strategy
  • Develop and disseminate organizational governance oversight Manual.
  • effective facilitation of organizational governance oversight of business strategies development
  • Effective facilitation of organizational governance oversight of business performance and accountability
  • Effective oversight of Internal Control System
  • Effective facilitation of organizational governance oversight of Compliance and Ethics
  • Effective oversight of Financial Resources Commitment and utilization
  • Effective oversight of Partnership, Engagement, Resource Mobilization and Advocacy
  • Organizational Governance Oversight strengthened

Objective 3: Provide effective assurance on IT Systems across Government

Strategies: 

  • Develop and disseminate IT Audit Strategy
  • Develop IT manuals and guidelines and train staff Legislative requirements, standards and reporting requirements relevant to IT Audit.
  • Provide basic training in IT for Internal Auditors.
  • Train in Data analytic skills.
  • Promote Integration of IT auditing in Internal Audit Units’ activities.
  • Procure and provide Computer Assisted Auditing Tools
  • (CAATs).

Objective 4: Provide effective performance audits across Government.

Strategies:

  • Develop and disseminate Performance Audit Strategy
  • Develop and disseminate performance audit manual and guidelines
  • Provide basic training in Value for Money auditing to Internal Auditors.
  • Train IA staff in 3 Module AFROSAI-E Performance Audit Course.
  • Train staff in Research methods.
  • Promote Integration of performance auditing in Internal Audit Units’ activities.
  • Conduct audit of both GOU and donor funded projects

Objective 5: Strengthen Internal Audit Activity(function) across Government.

Strategies:

  • Develop and disseminate a National Internal Audit Strategy
  • Strengthen Audit Committees
  • Develop and disseminate IA Manual, Charters and guidelines
  • Professionalization of internal audit cadre through attainment of ACCA, CPA, CIA, CISA, CFE etc.
  • Develop training programs for internal audit cadre at all levels in the areas of Governance, Risk and Control.
  • Enhanced supervision of the Internal Audit units in the various MDALGs
  • Operationalise the Quality Assurance and Improvement Mechanisms and Guidelines.

Objective 6: Improve internal audit stakeholder engagements

Strategies:

  • Collaboration with the professional bodies like ICPAU, ACCA, IIA etc on emerging issues in various professions
  • Engage key stakeholders on the OIAG’s Audit strategy
  •  Develop leadership skill. i.e in communication, team building and stakeholder analysis
  • Strengthen awareness of IA strategic planning among internal auditors
  •  Develop client satisfaction feedback mechanisms