SOWA TOWN COUNCIL

DEBEE GOREE / MOGOBE WA LETSWAI

We Sowa Town council exist to provide and maintain quality social services ,infrastructure and economic development in order to improve the quality of life of the Sowa community.

To accomplish the above statement the internal audit unit does the following:

  • The accomplishment of goals is monitored
  • Accountability is ensured
  • Values are preserved

 

The internal audit unit within the council management of Sowa Town Council exist to provide internal Audit services to the council in order to ensure,efficient,effective and economic use of council resources.

In other words it is a profession and a management function involved in helping organisations achieve their stated objectives.

The international Institute of Internal Auditor’s definition of internal audit is stated as follows

Internal auditing is “an independent objective assurance and consulting activity designed to add value and improve an organisation’s operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management ,control and governance process”

ROLE & OBJECTIVE OF INTERNAL AUDIT WITHIN THE COUNCIL

The role of Internal Audit has shifted beyond its traditional focus on financial compliance to embrace the wider view of internal control to ensure:-

A - Accomplishment of established goals and objectives

C - Compliance with policies, plans, procedures, laws and regulations

R - Reliability and integrity of information

E - Economic and efficient use of resources

S - Safe guarding of assets

TYPES OF AUDIT

Financial audits

Examines accounting and reporting of financial transactions, including budget, commitments, authorisations, receipts and disbursements of funds

Operational Audits

Examines the use of Council resources to evaluate whether resources are used in the most effective and efficient ways to fulfil Council mission and objectives.

Information systems Audit

Examines internal control environment of automated information processing system and how people use these systems e.g. evaluate system input, output processing controls, backup and recovery plans and system security.

Compliance Audit

Examines adherence to laws, regulations, policies and procedures.


THE AUDIT COMMITTEE

The Council’s Audit Committee comprises of 4 members , being one Council and three independent members ,with an oversight role to ensure all operating activities and internal controls are adequate and effective to enable the Council to fulfil its mandate . The Committee reports directly to the full Council. The Committee promotes and ensure transparency and stakeholders confidence on the Council.

Audit structure

1. Town Clerk

1. Audit Committee

 

2. Senior Internal Auditor

3. Internal Auditor I