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Home Corporate Info Department Secretary General Internal Audit Division

Internal Audit Division

Introduction

Internal Audit Division (Audit), Ministry of Domestic Trade and Cost of Living (KPDN) was established in March 1992. The establishment is in line with Treasury Circular No. 2 Year 1979 and then further improved by the Ministry of Finance through Treasury Circular No. 9 of 2004 – Implementation of Internal Audit at Ministry / Department and State Government. The Internal Audit Division is responsible for determining that there is accountability and integrity in the financial management and activities undertaken by the Ministry. The circular has been improved and replaced with Treasury Circular (PP) PS3.1 – Implementation of Internal Audit at Ministry / Federal Departments and State Governments. The Internal Audit Division is part of the internal control component of the Ministry which is directly responsible to the Secretary General (KSU) of the Ministry. In order to carry out its responsibilities more effectively, Audit has been placed under the jurisdiction of KSU as the Controlling Officer of the Ministry.

Vision & Mission

VISION

Ensure that the Internal Audit Division contributes towards excellence in financial management and accountability of the Ministry.

MISSION

Conduct audits in a professional and independent manner and provide balanced reporting to the Secretary General to improve the accountability of the Ministry.

Objective

Assist the Ministry in achieving its objectives through a systematic and disciplined approach by evaluating and ensuring the effectiveness of all control and governance processes.

Function

This unit is responsible for conducting Financial Management Auditing and Performance Auditing. Financial Management Audit is conducted to determine whether financial management is implemented in accordance with applicable financial laws and regulations. Performance Auditing is conducted to determine whether an activity is implemented efficiently, prudently and achieve stated goals.

The duties of this Unit are to:

  1. Review the reliability and effectiveness of the financial system and internal control of the Ministry;
  2. Review the degree of compliance with all applicable policies, laws, regulations and instructions
  3. Review the implementation of the Ministry’s activities to ensure that they are managed in a prudent, efficient and effective manner;
  4. Review the management of assets and interests of the Ministry to ensure that they are protected in terms of loss, fraud and irregularities
  5. Provide advice and views on internal control of all systems including the Information and Communication Technology system (ICT);
  6. Report the audit results to the Secretary-General and ensure follow-up action is taken on matters raised;
  7. Prepare Annual Audit Plan and Internal Audit Annual Report for the approval of the Secretary General; and
  8. Present Internal Audit Report at Audit Committee Meeting.
INTERNAL AUDIT DIVISION
Level 5 (Podium 1), No. 13,
Persiaran Perdana, Presint 2,
Federal Goverment Administrative Center ,
62623 Putrajaya, Malaysia.

Tel    : 03-8882 5791
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.