WHAT WE DO

 

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.
It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The Internal Audit Unit of GCMA performs an independent, objective, assurance and consulting function that adds value and improves operations by
Ensuring effectiveness and adequacy of internal control processes and systems regarding the judicious use of the Assembly’s  resources
Ensuring Compliance with the relevant laws, regulations, Assembly’s policies etc.

CORE FUNCTIONS OF THE UNIT

• Review Internal Controls.

• Review compliance with rules and regulations.

<• Ensure there is value for money in all transactions.

2. 2021 ACTIVITIES OF THE UNIT

• Four quarterly reports were written (Procurement/ Contract, Revenue (DDF, DACF) Information System Audit, Bank Reconciliation Audit, Expenditure Audit, Payroll and Human Resource Audit). • Pre-audited about 90% of Payment Vouchers prepared. • Inspected all items procured into Assembly’s store. • Inspected projects undertaken by the Assembly.

2022 ACTIVITIES OF THE UNIT

Four quarterly reports were written (Procurement/ Contract, Revenue, Transport Audit, Fixed Asset Management, Bank Reconciliation Audit, Follow-ups Audit, Special Audit Assignment, Expenditure Audit, Payroll and Human Resource Audit) • Pre-audited about 95% of Payment Vouchers prepared. • Inspected all items procured into Assembly’s store. • Inspected projects undertaken by the Assembly. PROGRAMS OF THE UNIT Attended Annual Audit Conference Organized Audit Committee meetings 2023 ACTIVITIES OF THE UNIT To write Four quarterly reports (Procurement/ Contract, Revenue, Transport Audit, Fixed Asset Management, Bank Reconciliation Audit, ESPV Payroll &Human Resource Audit, Audit of outstanding, borrowing, loans, advances and recoverable indebtedness status of covered Entity, Bank Reconciliation Audit, Follow-ups Audit, Special Audit Assignment, Expenditure Audit. • Pre-audit all Payment Vouchers prepared. • To inspect all items procured into Assembly’s store. • To inspect all projects undertaken by the Assembly. PROGRAMS OF THE UNIT To attend Annual Audit Conference To organize Audit Committee meeting every Quarter 2021 ACHIEVEMENT All recommendations contained in the Unit’s reports were implemented. 2022 ACHIEVEMENT OF THE UNIT All recommendations contained in the unit’s report were implemented. 2023 ACHIEVEMENT OF THE UNIT 20% of recommendations contained in the Unit’s report have been implemented.