Internal audit manual launched-A A +A
Tuesday, October 11, 2011
THE Philippine Government Internal Audit Manual (PGIAM) was recently launched as part of the transparency and accountability in public service program.
The manual, which contains prescribed procedures, standards, techniques and best practices for government internal auditors, aims to improve the roll-out and implementation of internal control and internal audit systems in government institutions.
It aims to assist government departments, government-owned and/or -controlled corporations, state universities and colleges, local government units and other agencies in establishing the internal audit function in their institutions.
It also targets to guide internal auditors in their review of their agencies’ compliance with laws, policies and performance against agreed-upon measures, targets and objectives.
Launched together with the Commission on Audit and the Internal Audit Office of the Office of the President, the Budget and Management department said on Tuesday PGIAM complements the administration’s commitment “to rebuild the people’s trust in government and to transform it to one that is accountable to performance and ethical standards.”
Internal audit plays a crucial role in reform, especially in recommending courses of action to ensure effective, efficient, ethical and economical operations of agencies, it added.
“Internal auditors play a fundamental role in enhancing the performance of public institutions, especially in the use of public resources. We envision the PGIAM to contribute to the empowerment of internal auditors as a key reform constituency.” (CGC)
Published in the Sun.Star Bacolod newspaper on October 12, 2011.