FRSC Corps Internal Audit Overview

The Federal Road Safety Corps (FRSC) Corps Internal Audit Unit ensures financial probity and adds value to the system by continuously auditing FRSC accounts and operations. Their vision is to optimize resource utilization, and their mission involves safeguarding assets through thorough auditing and compliance monitoring. The functions of Corps Audit include ensuring efficiency, checking internal control mechanisms, and more.

• FRSC
• Internal Audit
• Financial Regulations
• Compliance Monitoring
• Resource Utilization

alessandro Follow

Uploaded on Aug 14, 2024 | 1 Views

Download Presentation

Please find below an Image/Link to download the presentation.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.

Presentation Transcript

1. FEDERAL ROAD SAFETY CORPS National Headquarters, Abuja Service Charter CORPS INTERNAL AUDIT JOB SCHEDULE AND WORK PLAN FOR 2021 PRESENTED BY CC, TUKUR D SIFAWA, CNA CORPS INTERNAL AUDITOR AT A ONE DAY CAPACITY BUILDING PROGRAMME ORGANIZED FOR PRINCIPAL OFFICERS IN RSHQ ...ensuring financial probity 1 ...adding value to the system

2. INTRODUCTION Corps Internal Audit is the Internal Audit Unit of the Commission established to provide a complete and continuous audit of FRSC accounts, records of revenue and expenditure, plants, allocated stores and unallocated stores in line with Chapter 17 of Financial Regulations (Revised to 2009). Simply put, the Corps Internal Audit serves as a managerial control for measuring and evaluating the effectiveness of resource allocation and utilization as well as the FRSC Internal Control System. 2

3. VISION: To achieve optimum utilization of the human and material resources of the Corps in line with extant standards, rules and regulations. 3

4. MISSION: To safeguard the assets of the commission by ensuring value-for-money in all transactions, through: 4

5. MISSION cont.. Sustained one hundred per cent (100%) Continuous pre-auditing of all transactions; Ensuring that prices quoted for goods and services are fair and reasonable; 5

6. MISSION cont.. Monitoring strict compliance with all relevant laws and guidelines for all transactions of the Commission through post-payment/examination of accounts/records: (compliance follow-up audit); Ensuring that Audit Work serves as a basis for measuring the efficiency of resource allocation and utilization. 6

7. FUNCTIONS OF CORPS AUDIT: The functions of Corps Audit include but not limited to the following: 7

8. FUNCTIONS OF CORPS AUDIT cont.. 1. Ensuring efficiency, effectiveness and economy in the use of FRSC resources; 2. Checking the adequacy of FRSC Internal Control Mechanisms; 8

9. FUNCTIONS OF CORPS AUDIT cont.. 3. Checking compliance with laws, instructions and directives; 4. Enhancing the policy of Probity, Transparency and Accountability; 9

10. FUNCTIONS OF CORPS AUDIT cont.. 5. Carrying out investigation and verification of projects execution to ensure compliance with memorandum, relevant laws and directives. 10

11. CORPS INTERNAL AUDIT UNITS The Corps Internal Audit has four Units: 1. Pre-payment 2. Monitoring & Evaluation / Post-Payment 3. Salaries 4. Admin 11

12. 2021 CORPS INTERNAL AUDIT WORK PLANS Conduct of Jan Dec 2020 Annual Audit of RSHQ and all FRSC formations including DLCs, NVIS plants, Signage plant and clinics in march 2021 Carrying out 100% continuous daily Prepayment Audit of all requests pertaining to staff claims and all procurement contracts pertaining to supply, works and services. 12

13. 2021 CORPS INTERNAL AUDIT WORK PLANS cont.. Carrying out verification of all variation advice raised for all charges that affect staff salary such as promotion, demotion, penalties, arrears, transfer allowances, change of name etc as could be prepared by F&A department and passed to audit on daily basis or as the need arises. Conducting monthly market survey with a view to constantly updating the Audit price data bank. 13

14. 2021 CORPS INTERNAL AUDIT WORK PLANS cont.. Monthly verification of salary payroll to ensure that all vetted and passed variation advices are implemented as verified and make audit observations for correction by F&A were necessary. Carryout physical inspection of contracts of purchases/supplies and construction before recommending final payment to the Corps Marshal. 14

15. 2021 CORPS INTERNAL AUDIT WORK PLANS cont.. Monthly checking of all payment vouchers in RSHQ by M&E unit and at the commands level by the field auditors as well as submitting monthly progress report to CM and a copy to the audit monitoring unit of the Auditor General office. Carrying out Quarterly audit and rendering of Quarterly reports to CM and a copy to Auditor General of the federation. 15

16. 2021 CORPS INTERNAL AUDIT WORK PLANS cont.. Conducting investigation into alleged financial impropriety as the need arises and as directed by CM. Carryingout of half yearly stock taking verification and inspection of all FRSC stores in RSHQ, NVIS plants in lagos, Awka, Gwagwalada, Sokoto, Asaba and kano as well as the print farm and signage plant. 16

17. 2021 CORPS INTERNAL AUDIT WORK PLANS cont.. Carryout special Duty Room Audit to ensure compliance with Remita Retrieval Reference (RRR) in July, 2021. Conduct special Audit on Zonal Clinics, Road side Clinics, Zebra and help area centres in September 2021. 17

18. 2021 CORPS INTERNAL AUDIT WORK PLANS cont.. Carryout Annual stock taking on RSHQ stores with the External Auditors in the last week of Dec., 2021. Carryout stock taking/ verification of FRSC plants stores on 31/12/21 18

19. CONCLUSION The audit unit wish to request for the cooperation of all for the realization of its work plan for the year. Thank you 19