INTERNAL AUDIT

Mr Mene .O.E (Head)

The Unit ensures that all internal control mechanism relating to receipts/revenue generated by the Commission as well as expenditures are adequate, efficient and effective at all time.  The Unit is reports diectly to the Managing Director.

STRUCTURE OF THE UNIT:

(i)    Operations/Financial Accounts Division.

(ii)    Investigation/Special Audit Division.

(iii)    Quality and Compliance/ Risk Management Division.

(iv)    Business Intelligence, Research and Archives Division.

 (V)   Orgainisational Methods Strategies, and

(vi)    Technical Operations Audit Division.

FUNCTIONS OF THE UNIT

 i. Advise the Commission on the formulation, execution and review of audit guidelines.

ii. Ensure that the system for the control of expenditures is adequate and that all payments are properly authorized, correct and charged to the approved heads and sub-heads of budgets of the Commission and made for the purpose for which they are authorized.

iii. Ensure that the system for the control of store issues and receipt of stores is adequate and that all issues are properly authorized.

iv. Ensure that all procurement's above the value of Ten Thousand Naira (N10,000) are authorized and audit certificates are issued before payments.

OTHER FUNCTIONS

v.  Raise audit alarm to prevent fraud or financial irregularities.

vi. Raise queries and follow up in order to obtain satisfactory explanations.

vii. Provide a complete and continuous audit of the Accounts and Records of Revenue and Expenditures of the Commission.

viii. Ensures compliance with the provisions of prevailing Financial and Accounting guidelines in operation at any point in time in the Commission.