The mandate of the Internal Audit Directorate of the Ministry of Finance is derived from:
- Section 83 of the Public Financial Management Act, 2016 (Act 921),
- Regulations 219 to 222 of the Public Financial Management Regulations, 2019 (L.I. 2378),
- The Global Internal Audit Standards,
- The Ministry of Finance Internal Audit Charter (2024), and
- Section 16 of the Internal Audit Agency Act, 2003 (Act 658).
The Internal Audit Directorate provides assurance, advisory, foresight, and insight services through:
- Appraising and reporting on the soundness and application of internal controls within the Ministry;
- Evaluating the effectiveness of risk management and governance processes, and contributing to their improvement;
- Assessing the efficiency, effectiveness, and economy of the Ministry’s programmes, projects, and operations; and
- Evaluating compliance with applicable laws, policies, standards, systems, and procedures.