The report of your internal auditor was focused only on reporting the revenue of the board rather than producing lapses in the boards internal control systems generally. Some of the payment vouchers used in the period under consideration did not have the stamp of the internal auditor contrary to payment procedure. According to the internal auditor, she only carries out prepayment audit in the board. These and many more depict the reason why her reports did not reveal any anomaly in the system during the period under review.
Internal audit is an integral part of any organization and should be supported to function optimally. The internal auditor is expected produce report on regular interval on the effectiveness of the internal control system and other activities of the board to the management. This is because if the internal audit unit is not efficient the board is consequently exposed to various kinds of fraud practices and manipulations.
The executive chairman should mandate the internal auditor to carry out both pre and post payment audit in the general activities of the board and evidence of compliance to this recommendation should be forwarded to the Auditor-General for confirmation.
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