INTERNAL AUDIT

Jubbaland State of Somalia-Internal Audit

The Internal Audit Unit is established with in the Ministry of Finance of Jubbaland State of Somalia as a legally required department under the Public Financial Management Act and the Civil Service Commission Act of the Jubbaland Statte, mandated to provide independent and objective assurance and consulting activity designed to add value and improve the operations of Ministry of Finance (MOF). It helps MOF accomplish its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes of Ministry of Finance.

The Internal Audit Unit objective is to minimize loses and risk of the public property and maximize efficiency and effectiveness of ministry operations by evaluating processes, producing audit reports and continues advisory support.

The Internal Audit Unit (IAU) set the foundation, and made some progress. The achievements include: Developed internal audit charter signed by the Director General of the Ministry of Finance, Internal Audit Manual, Number of Short time trainings, and above all, conducting internal audits works in the Ministry of Finance.

IAU, executes its audit engagements by following International Best Practices Framework as per the standards of the Global Institute of the Internal Audit. The developed manual with a standard working paper templates both customized according to our resources and the environment, helped the IAU staff conduct audits and produce quality reports and recommendations that improved efficiency and effectiveness of MOF operations.

Since its establishment in 2017, IAU team have managed to develop annual work plans based on risk assessment and the availability of resources. The annual work plan is approved by the senior managers. IAU heads also play their role of advisory in the day to day operations of the organization.

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