New Liberia Magazine
“IAA has 10 auditable areas that have been assessed to be highly risk areas within the public sec tor. The first one is the budgetary control and this has to do with how the budget is executed. This is followed the pre-disbursements complaint, project deliveries, audit recommendations imple mentation, procurement controls, assets management, payroll and personnel, etc.,” he revealed.
What’s Next For The IAA?
Meanwhile, the IAA boss indi cates that in the coming years, he is hoping to expand the ul timatum of the audit activities and this is because according to him it will speed up the works of the IAA. He said, “We are also working to professionalize this IAA. As it stands, people with international certifications are very limited in the IAA and we are working towards ensuring that more people get internation al certificates.”
Established first as the Internal Audit Secretariat in December 2011 under the Ministry of Finance, it meant to provide an overarching legal and institu tional framework within which to institutionalize, standardize and harmonize internal auditing across government. As rooted in the Public Financial Management (PFM) Act of 2009, the National Internal Audit Strategy of 2010 called for an independent Internal Audit Secretarial resulting into what is now the Internal Audit Agency.
New Liberia Magazine