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An audit report shall confirm whether or not public money has been applied lawfully and in an effective way. Audit reports shall be submitted to Parliament or the relevant county assembly; Within three months after receiving an audit report, Parliament or the county assembly shall debate and consider the report and take appropriate action.
Legal Services & Board Coordination Department (LS&BC) In addition to the seven major departments, the Authority has the following four other departments to harmonize operations and efficiency. [1] (a) Transformation and Leadership Office (b) Kenya School of Revenue Administration (c) Internal Audit Department (d) Marketing & Communication ...
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. [1]
Those audit units constitute an important element of internal control by providing a continuous means for improving an organisation's operations. In some countries, however, the internal audit units may lack independence, be weak, or be non-existent. In those cases, the SAI should, whenever possible, offer assistance and guidance to establish ...
Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.
Ensure that the status (e.g. stipulated in an audit charter), strategy, resources of the internal audit department are aligned and are consistent with the organization's objectives and governance policy. Establish appropriate policies and procedures to guide the internal audit function, and ensure the quality of the assurance services delivered.
Kenya ICT Authority; The East African Marine Cable System Limited; Kenya Advance Institute of Science and Technology (KAIST) 22: Ministry of Youth Affairs, Sports And The Arts Kipchumba Murkomen: State Department of Sports: Sports Kenya Kenya Sports Academy Anti Doping Agency Kenya National Library Service Kenya National Archives Kenya Cultural ...
The Internal Audit Foundation is undertaking the initiative: "Internal Audit: Vision 2035 - Creating Our Future Together." This project is designed to identify what the internal audit profession will look like in 2035, how the IIA can elevate the value of internal audit during that time, and what steps must be taken to make that future a reality.