Dimension 26.3. Implementation of internal audits and reporting

DIMENSION MEASUREMENT GUIDANCE

26.3:1. This dimension assesses specific evidence of an effective internal audit (or systems monitoring) function as shown by the preparation of annual audit programs and their actual implementation including the availability of internal audit reports.

26.3:2. The expression ‘appropriate parties’ includes the audited entity and any other parties to whom the internal auditors are required to submit their reports, as set out in laws, regulations, etc. Such parties may include the MoF and the SAI.

26.3:3. If there is no internal audit function, or the internal audit function has started too recently to assess the dimension, dimension 26.3 is NA.

 

Dimension 26.3. Scoring

Score Minimum requirements for scores

A

Annual audit programs exist. All programmed audits are completed, as evidenced by the distribution of

their reports to the appropriate parties.

B

Annual audit programs exist. Most programmed audits are completed, as evidenced by the distribution

of their reports to the appropriate parties.

C

Annual audit programs exist. The majority of programmed audits are completed, as evidenced by the

distribution of their reports to the appropriate parties.

D Performance is less than required for a C score.

Dimension 26.3. Timing, coverage and data requirements

Time period Coverage Data requirements/calculation Data sources

At time of

assessment

CG
  • Documentary evidence of an annual

    internal audit program (e.g., plan) and

    completed internal audits.

 

  • MoF (Internal audit).

  • Accountant general.

  • Heads and finance officers of major

    budgetary units.

  • SAI for triangulation of information.

| PEFA Handbook Volume 1: The PEFA Assessment Process – Planning, Managing and Using PEFA