Difference between revisions of "Internal Audit Division"

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Internal Audit division was established in accordance to ''Pekeliling Perbendaharaan Malaysia'' - ''Pelaksanaan Audit Dalam Di Kementerian Atau Jabatan Persekutuan Dan Kerajaan Negeri.'' Internal Audit division is head by Maurice Braoh. As of now Internal audit Division only have 1 personnel. It was established in 2003.
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| [[File:R&D2017.jpg|300px|thumb|Staff of R&D Division in 2017]]
 
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The Innovation and Sustainability (I&S) Division is of the divisions in Pustaka Negeri Sarawak. Established in 2004, it was called the Research and Development (R&D) Division until 2017. Administratively, it is directly under the purview of the Deputy Chief Executive Officer (Operations). I&S Division' s core mission is
 
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<br><br>
 
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* Undertake research and study on library and information science that is designed for the improvement and continuing development in the quality of library’s roles in the society and library professionals.  
 
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* Promote the practical application of relevant research findings in library and information science
 
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* Promote standards, guidelines and best practices in library and information science
 
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* Provide support, input and advice in the establishment, expansion and improvement of library facilities through the administration of the State and Federal grants
 
  
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==Definition And Objectives of Internal Audit==
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Internal audit is an independent function, which gives assurance and objective consulting services to add value and improve the level of operations of the organization.
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The objective of the Internal Audit Unit is to assist one organizations achieve their goals through a systematic approach and discipline to evaluate and determine the effectiveness of all control and governance processes.<ref>Definition And Objectives of Internal Audit - <small>''Pekeliling Perbendaharaan Malaysia - Pelaksanaan Audit Dalam Di Kementerian Atau Jabatan Persekutuan Dan Kerajaan Negeri''</small></ref>
  
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== What is an Internal Audit? ==
 
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Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. They ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit.
 
 
== Functions ==
 
== Functions ==
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The main functions are
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The main functions of Internal audits is to evaluate a Pustaka's internal controls, including its corporate governance and accounting processes. To ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit.
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<br><br>
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Others internal audit functions are as follows:-
 
<br><br>
 
<br><br>
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a)  To facilitate research and related activities on library science.<br>
 
a)  To facilitate research and related activities on library science.<br>
 
b)  To identify queries regarding library services that need to be answered through research and promote the conduct of research to answer those queries.<br>
 
b)  To identify queries regarding library services that need to be answered through research and promote the conduct of research to answer those queries.<br>
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d)  The Secretariat for strategic plans.<br>
 
d)  The Secretariat for strategic plans.<br>
 
e)  The Secretariat for Pustaka's Malaysia's Plans submission.<br>
 
e)  The Secretariat for Pustaka's Malaysia's Plans submission.<br>
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f)   To coordinate library advisory and consultancy services.<br>
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f) To coordinate library advisory and consultancy services.<br>
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g)  The Coordinator for [[Continual Improvement Programs]].
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g)  The Coordinator for Continual Improvement Programs.
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<br><br>
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==Current Staff==
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#[[Maurice Braoh]] - Internal Auditor
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#[[Seigneorie Anak Hassan]] - Assistant Auditor
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==Former Staff==
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#[[Ammie Syarina Mohd Jelani]] - Assistant Accountant (reshuffled to Finance Division effective 1st November 2020)
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#[[Patrick Sidi]] - Assistant Auditor
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== Key Performance Indicators ==
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<br>
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{| style="width:86%"
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|-
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| style="width:20%; text-align:center; background-color:#dedede"| <big>Statements of Objective</big>
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| style="width:2%"|
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| style="width:20%; text-align:center; background-color:#dedede"| <big>Measures</big>
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| style="width:2%"|
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| style="width:20%; text-align:center; background-color:#dedede"| <big>Targets</big>
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| style="width:2%"|
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| style="width:20%; text-align:center; background-color:#dedede"| <big>Stretch Targets</big>
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* Enhance financial compliance.<br><br><br>
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* Successfully completed the audit exercise.
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* Successfully completed the Walk-Through Test.
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| style="width:20%; background-color:#eeeeee"|
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* To conduct 2 compliance audit.
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* To conduct 4 Random process ‘Walk-Through Test.
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<br>
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| style="width:2%"|
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| style="width:20%; background-color:#eeeeee"|
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* To conduct 3 compliance audit.
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* To conduct 4 Random process ‘Walk-Through Test.
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<br>
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|}
  
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== Internal Audit Process ==
 
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Internal auditors generally identify a department, gather an understanding of the current internal control process, conduct fieldwork testing, follow up with department staff about identified issues, prepare an official audit report, review the audit report with management, and follow up with management and the board of directors as needed to ensure recommendations have been implemented.
 
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<br><br>
 
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=== Assessment Techniques ===
 
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<big><big>Assessment techniques</big></big> ensure an internal auditor gathers a full understanding of the internal control procedures and whether employees are complying with internal control directives. To avoid disrupting the daily workflow, auditors begin with indirect assessment techniques, such as reviewing flowcharts, manuals, departmental control policies or other existing documentation. If documented procedures are not being followed, direct discussion with department staff may be necessary.
 
  
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=== Analysis Techniques ===
 
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Auditing fieldwork procedures can include transaction matching, physical inventory count, audit trail calculations, and account reconciliation as is required by law. Analysis techniques may test random data or target specific data, if an auditor believes an internal control process needs to be improved.
 
  
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=== Reporting Procedures ===
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==References==
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Internal audit reporting includes a formal report and may include a preliminary or memo-style interim report. An interim report typically includes sensitive or significant results the auditor thinks the board of directors needs to know right away. The final report includes a summary of the procedures and techniques used for completing the audit, a description of audit findings, and suggestions for improvements to internal controls and control procedures. The formal report is reviewed with management and recommendations for improvement are discussed. Follow up after a period of time is necessary to ensure the new recommendations have been implemented and have improved operating efficiency.
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[[Category:Sectors and Divisions in Pustaka Negeri Sarawak]] [[Category:Internal Audit]]
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== Key Performance Indicators ==
 

Latest revision as of 10:16, 27 June 2023

Internal Audit division was established in accordance to Pekeliling Perbendaharaan Malaysia - Pelaksanaan Audit Dalam Di Kementerian Atau Jabatan Persekutuan Dan Kerajaan Negeri. Internal Audit division is head by Maurice Braoh. As of now Internal audit Division only have 1 personnel. It was established in 2003.

Definition And Objectives of Internal Audit

Internal audit is an independent function, which gives assurance and objective consulting services to add value and improve the level of operations of the organization. The objective of the Internal Audit Unit is to assist one organizations achieve their goals through a systematic approach and discipline to evaluate and determine the effectiveness of all control and governance processes.[1]

Functions

The main functions of Internal audits is to evaluate a Pustaka's internal controls, including its corporate governance and accounting processes. To ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection. Internal audits also provide management with the tools necessary to attain operational efficiency by identifying problems and correcting lapses before they are discovered in an external audit.

Others internal audit functions are as follows:-

a) To facilitate research and related activities on library science.
b) To identify queries regarding library services that need to be answered through research and promote the conduct of research to answer those queries.
c) To review and make recommendations on studies/research and professional efforts pertaining to libraries and recommending inclusions, standards, procedures and policies.
d) The Secretariat for strategic plans.
e) The Secretariat for Pustaka's Malaysia's Plans submission.
f) To coordinate library advisory and consultancy services.
g) The Coordinator for Continual Improvement Programs.

Current Staff

  1. Maurice Braoh - Internal Auditor
  2. Seigneorie Anak Hassan - Assistant Auditor

Former Staff

  1. Ammie Syarina Mohd Jelani - Assistant Accountant (reshuffled to Finance Division effective 1st November 2020)
  2. Patrick Sidi - Assistant Auditor

Key Performance Indicators


Statements of Objective Measures Targets Stretch Targets
  • Enhance financial compliance.
  • Successfully completed the audit exercise.
  • Successfully completed the Walk-Through Test.
  • To conduct 2 compliance audit.
  • To conduct 4 Random process ‘Walk-Through Test.
  • To conduct 3 compliance audit.
  • To conduct 4 Random process ‘Walk-Through Test.



References

  1. ↑ Definition And Objectives of Internal Audit - Pekeliling Perbendaharaan Malaysia - Pelaksanaan Audit Dalam Di Kementerian Atau Jabatan Persekutuan Dan Kerajaan Negeri
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