Auditing

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Mandate of internal Audit.

The internal audit activity in government of Uganda Ministries, Departments, Agencies and local Governments is established under sec.48 (1&2) of the Public Finance Management Act, 2015.Internal Audit Units are required to

  • Appraise the soundness and application of accounting function and operational control of a vote.
  • Evaluate the effectiveness and contribute to the improvement of risk management processes of a vote.
  • Provide assurance on the efficiency ,Effectiveness and Economy in the administration of Government programs and operations

Mission

  • “High performing internal audit activity that meets the expectations of stakeholders and adheres to the institute of internal auditors ‘ international standards for the professional practice of internal auditing (standards ) and the attributes of high performance recognized by leading audit unit “.

 

Vision

  • “To enhance and protect organizational value by providing risk –based objective assurance, advice and insight”.

 

Internal Audit responsibilities:

Internal audit will carry out the following responsibilities:

  • Examine and evaluate the adequacy and effectiveness of the department’s system of internal controls and quality of performance and carrying out assigned responsibilities.
  • Review the reliability and integrity of financial and operating information and the means used to identify measures, classify and report such information.
  • Review the systems established to ensure compliance with those policies, plans, procedures, laws, regulations and contracts which could have a significant impact on operations and reports and determine whether the department is in compliance.
  • Review the means of safeguarding assets and verify the existence of such assets.
  • Review operations / programs to ascertain whether results are consistent with established objectives and goals and whether the operations / programs are being carried out as planned.
  • Provide consultative advice to management when required.

 

Departmental Mandate

The mandate of the trade, industry and cooperatives sector is derived from the constitution of the Republic of Uganda (1995 –Article 189, Six schedule sections 11, 12, 13, 20, 23, 25 and 29) as follows:

“ To formulate, review and support policies,  strategies, plans and programs that promote and ensure expansion and diversification of trade, cooperatives, environmentally sustainable industrialisation, appropriate technology development and transfer to generate wealth for poverty eradication and benefit the country socially and economically”

Department Composition:

  • Coordination Office
  • Trade and Industry
  • Tourism
  • Wildlife
  • Conservation

Department Objectives

  • Promoting organisation and formation of cooperatives, financial resources pooling and conducive investment environment in the district.
  • Supporting interpretation, implementation and enforcement of policies, laws and regulations on tourism, trade, industry, marketing and cooperatives
  • Providing technical advice and guidance on the development of commercial, industrial, cooperatives and related investments in the sub sector.
  • Collecting, analysing and disseminating information on investment opportunities in the district.
  • Monitoring, evaluating and reporting on commercial, industrial and cooperatives related activity in the district.
  • Facilitating and licensing investors to operate in the district
  • Providing technical guidance and support to entrepreneurs and the community.

 

Department Policy Issues

  • LED policy
  • Trade policy
  • Micro small and medium enterprises policy
  • National trade policy for export.
  • Cooperatives policies like credit policy, accounting policies, human resource policy, IT policy and arbitration policy.