Duties, Authorities, and Responsibilities

Duties of Internal Auditors

Internal auditors shall perform the following duties:

a) Evaluate the management and internal control systems of public administrations based on objective risk analyses.

b) Conduct examinations and make recommendations regarding the effective, economical, and efficient use of resources.

c) Perform post-expenditure compliance audits to determine conformity with applicable laws and regulations.

d) Audit and evaluate whether the administration's expenditures, financial decisions, and transactions comply with its objectives and policies, development plans, programmes, strategic plans, performance programmes, and relevant legislation.

e) Conduct system audits of financial management and internal control processes and provide recommendations for their improvement.

f) Make recommendations for improvements based on audit findings and monitor the implementation of such recommendations.

g) Report to the head of the relevant public administration any circumstances encountered during or as a result of an audit that may require the initiation of an investigation.

h) Audit the accuracy and reliability of information produced by the public administration.

i) Where deemed necessary by senior management, assist in the establishment of performance indicators and evaluate the applicability of the performance indicators that have been developed.

j) Report any findings that may constitute a criminal offence to senior management.

Internal auditors shall perform these duties in accordance with the principles and standards established by the Internal Audit Coordination Board and in compliance with internationally recognised auditing and internal control standards. Internal auditors shall act independently in the performance of their duties, and no duties other than those directly related to the internal audit function may be assigned to them.

Authorities of Internal Auditors

In performing their duties, internal auditors shall have the authority to:

a) Request the submission and presentation of all information, records, documents, and assets relevant to the audit, including those maintained in electronic form, as well as cash, negotiable instruments, and other valuables.

b) Obtain assistance from the employees of the audited unit and request written or verbal information as required for the performance of internal audit activities.

c) Use all tools, equipment, facilities, and other resources necessary for carrying out audit activities.

d) Report to senior management any conduct, behaviour, or actions that obstruct or hinder the audit process.

Responsibilities of Internal Auditors

In carrying out their duties, internal auditors shall:

a) Perform their duties in compliance with applicable legislation, established auditing standards, and professional ethical principles.

b) Continuously develop and maintain their professional knowledge, skills, and competencies.

c) Inform the internal audit unit whenever they encounter matters that exceed their authority or professional competence during audit activities.

d) Notify the internal audit unit of any circumstances that may impair their independence or objectivity in carrying out assigned audit engagements.

e) Base audit reports on sufficient and appropriate audit evidence and ensure that all evaluations and conclusions are objective.

f) Maintain the confidentiality of all information obtained during audit activities and perform their duties with integrity and professionalism.