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 responsible to or reports direct to the Commission.

STRUCTURE:

The Unit is made up of five sections as follows:

(i)    Operations/Financial Accounts Section.

(ii)    Investigation/Special Audit Section.

(iii)    Quality and Compliance/Risk Management Section.

(iv)    Business Intelligence, Research and Archives Section.

(v)    Technical Operations Audit Section.

 PRINCIPAL RESPONSIBILITIES OF THE UNIT

    Below are the functions/duties of the Unit:-

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

•    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.

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

•    Ensure that all procurement's above the value of ten thousand naira (N10,000) are authorized and audit certificates are issued before payments.

•    Ensure that there are adequate means for the verification of all cash and stores held and to carry out periodic checks of cash and store balances

•    Raise audit alarm to prevent fraud or financial irregularities.

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

•    Secretariat of the Commission’s Audit Committee.

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

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