Internal Audit Month
The month of May is internationally dedicated to create awareness of internal audit, September 8th the Auditors Sunday and 27th September, Auditors proud day. Auditors dedicate their work to God and appreciate one another and the contribution they do in supporting governance and growth of organizations. Auditor proud day is when we tell the world humbly they are proud to be auditors. Internal audit is an independent assurance that an organization risk management, governance and internal control process are operating effectively. It goes beyond financial risk and statement which external auditor performs, to reputation, growth impact on environment and the way an organization treats its employees.
| Assurance services | Objective examination to provide accurate and current information to the stakeholders about the efficiency and effectiveness of its policies and operations, and the status of its compliance with the statutory obligations. |
| Assessment and recommendations | Assessing and making recommendations on the effectiveness of the existing control.
Demonstrates informed, accountable decision making with regard to ethics, compliance, risk, economy and efficiency |
| Oversight services | Assessing and making recommendations on the effectiveness of the existing controls.
Demonstrates informed, accountable decision making with regard to ethics, compliance, risk, economy and efficiency |
| Advisory services | Assessing and making recommendations on the effectiveness of the existing controls
Demonstrates informed, accountable decision making with regard to ethics, compliance, risk, economy and efficiency. |
Internal auditor is expected to know and work within the framework of the International Professional Practice Framework (IPPF). The framework (2024) contains Five domains and 15 standards. The five Domains are Purpose of Internal Audit; Ethics and Professionalism; Governing Internal Audit function; Managing Internal Audit function; Performing Internal Audit function. Each domain has a standard(s) and an explanation for consideration is provided to help the internal auditor understand the elements featured in the standard.
The Internal Audit department through out the month of May will bring you information that will make you appreciate the place of internal Audit in PCEA. The five domains and 15 standards will be explained in details.
By Rev. Peter K. Ndung’u – Director, Desk of Internal Audit