BACKGROUND

Internal Auditing in Government was in operation prior to independence, but was discontinued following the Economic Commission report of 1962. The system was reintroduced in 1984 when it become apparent that its absence had contributed to laxity in the management of public resources compliance with the relevant laws, regulations and procedures and a general lack of effective Internal Control System. In 1995, the Internal Audit Department was reorganized and renamed Audit Inspectorate. Internal Auditors were clustered in units from where they conducted Audit Inspections. In 1997, the department was restructured and decentralized and placed under the ambit of the National treasury where it remain till date.

The Internal Audit Department in Federal Medical Centre Asaba uphold the conduct of effective discharge of their responsibilities by evaluating and reporting on the effectiveness of the Internal Controls System Implemented by the Accounting Officer and Authority to Incur Expenditure (AIE) holders to ensure the appropriate assessment of risk and adoption of strategies to manage risks within acceptable levels 

• Compliance with applicable policies procedures laws and regulations
• The reliability of internal and external reporting and accountability processes aid  the Centre or entity.

 

KEY OBJECTIVE

The overall objective of Internal Audit is to provide quality assurance to management of the centre reminding the management of the center on the key risks and to provide Independent and objective advice and counsel to management to assist them in discharging their duties and responsibilities.

In line with the mission statement of the department, the general objectives of the office of the Internal Audit are disseminating Internal Audit policies, actions plan, guidelines etc.  

• Ensuring capacity building for internal auditors and audit committees.
• Providing guidance and supervising Internal auditors in the department as well as other.
• Initiating preventive and corrective measures to improve quality of public financial management.
• Providing consulting service to management on internal controls risk management and corporate governance.
• Monitoring implementations of the audit recommendations and preparing quarterly reports.
• Compliance with the relevant  codes of conduct and other ethical guidelines

VISION STATEMENT

To be a trusted and innovative Internal Audit service provider to public sector management and other stake holders.

MISSION STATEMENT

To provide an independent objective assurance and consulting activity designed to add value improve the hospital organizational operations of public sector institutions through a systematic evaluation of governance risk management and controls.

OUR MANDATE

Internal Audit Department (IAD) is an Independent review function set up within in the Civil service as stipulated in section 73 of the public finance management Act 2012.

THE KEY MANDATES ARE:

• Reviewing the Governance mechanism of the centre and mechanism for transparency and accountability with regards to the finances and assets of the hospital or entity.
• Conducting risk based valued for money and system audits aimed at strengthening
  
• Internal Control mechanism that could have an impact on achievement of the strategic objectives of the centre on entity.
• Verifying the existence of assets administered by the centre and ensuring that these are proper safeguards for their protection.
• Providing assurance that appropriate institutional policies and service oriented are followed by the centre.
• Evaluating the adequacy and reliability of information available to management for making decisions with regard to the centre and its operations.

The department is headed by Director of internal Audit (DIA) who is assisted by a team of Internal Auditors of various ranks from Chief Internal Auditor (CIA) Assistant Chief Internal Auditor (ACIA) etc the Director of Internal Audit (DIA) who is the head of the Department  reports directly to the medical Director/Chief Executive in charge of the centre.

 

 KEY OBJECTIVE.

The overall objective of Internal Audit is to provide quality assurance to management of the centre, reminding the management of the key risks and to provide independent and objectives advice and counsel to management to assist them in discharging their duties and responsibilities.

In line with the mission statement of the department, the general objective of the office of internal Audit are as follows:

• Formulating and disseminating internal audit policies, action plan, guidelines etc.
• Ensuring capacity building for internal auditors and audit committees.
  
• Providing guiding and supervising internal auditors in the department as well as other parastatals.
• Initiating preventive and corrective measures to improve quality of public financial  management
• Providing consulting service to management and corporate governance.
• Monitoring implementations of the audit recommendation and preparing quarterly reports.

To achieve these objectives the department shall leverage on technology, develop talent, anticipate risks and develop appropriate strategies.

 

CORE VALUES

OUR CORE VALUES INCLUDES

 

INTEGRITY: 

The integrity internal auditors establishes trust and thus provides the basis for reliance on their judgment

OBJECTIVES:

internal auditors exhibit the highest  level of professional objectivity in gathering evaluating communicating information about the activity on process being examined internal  auditors makes a balance assessment of all the influenced by their own interest or  by others in forming judgment

 

CONFIDENTIALITY:

Internal Auditors respect the value and ownership of information they receive and do not disclose information without appropriate authority

COMPETENCY:

Internal Auditors apply the knowledge, skills, and expensive needed in the performance of Internal Audit services