Royal Audit Authority plans 795 audits for the financial year 2015-16
its Annual Audit Reports, has always been insisting actions of appropriate authorities and implementing agencies for improved construction and procurement management and enhancing economy, efficiency and effectiveness in the use of public resources.
The report says that, the RAA will continue to assess the adequacy of safeguards and monitoring and evaluation systems in place and compliances to ensure quality of acquisitions of goods and services in order to ensure economy, efficiency and effectiveness in the use of public resources. The audit managers and audit teams shall determine the scope and extent based on materiality and assessed risk for the agency.
The RAA shall sensitize its auditors on a regular basis on the Construction and Procurement Audit Manuals for better application of audit methodologies.
The RAA will also focus on service delivery by public agencies wherever applicable in order to suggest relevant agencies and authorities to cater to the needs of the service takers and also to ensure that relevant agencies oblige to the mandates in delivery of the services.
The audit teams from RAA will focus on the core services that the agency offers and review the policies and procedures in place to enhance achieve efficient delivery of services. The extent and type of services that would be reviewed shall depend on the judgment of the managers and accordingly scope it in the audit plans. The RAA expects to add value through its recommendations on systemic and procedural reviews based on the relevant legislations and rules and regulations in place.
Maintenance of Government properties
The RAA will also continue to focus on reviewing controls and safeguards instituted by public agencies to ensure proper management of government properties in agencies planned for audit during the year.
The RAA will focus on this thrust area to ensure that all government & national properties are properly registered and accounted for, as well as ensure that a system of regular maintenance and proper care of government properties are en- sured. Auditors will also verify the use of properties for their intended purposes. The auditors will check compliance to the Property Management Manual and test internal controls in for the management of properties and plan their audit procedures based on professional judgments.
The revenue management by public agencies is one of the vulnerable areas where perpetration of frauds and corruptions occur sporadically. The RAA will continue to focus on this area and ensure that its audit plans and programmes adequately address appropriate methodologies for comprehensive reviews.
With specialized focus on this particular area, the RAA will be able ensure that timely deposits are made after collections and that the processes are in compliance to the Revenue Accounting Manual. The audits shall also test the internal controls to assess possibilities of teeming and lading of dealing officials and thereby provide recommendations to the management in strengthening weak areas in the agency’s systems or processes. The management should be able to take prompt actions to enhance procedures, weed out risks, and detect threats as early as possible.
Meanwhile, The Royal Audit Authority has planned a total of 795 audits for the Financial Year 2015-16. This includes 649 Financial Audits; 107 Compliance Audits; Seven Performance Audits & 32 for Statutory Audits.