Fundamental functions of internal audit include:
- Provides a means of measuring the effectiveness of the system
of internal control and accounting.
- Tests on the accounting purpose of ensuring that they provide
reliable basis for the preparation of the Agency's financial
statements.
- Draws attention of top management to areas of inefficiencies,
deficiencies and all departures from established procedures.
- Making of appropriate recommendations for improvements in
the bookkeeping and accounting system of the Agency.
- Carrying out special investigations
- Audit all payment vouchers and salary vouchers
- Surprise visit to the cash office and field offices at any
time
- Stock verification of stores for standard
price
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