On 12th October 2022, a team from KPMG paid a courtesy call to the Agency in order to understand its operations and explore potential areas of collaboration.
 The team lead intimated that the choice of the Agency is due to its reputation as a key pillar to accountability and judicious utilisation of national resources. He continued that there is the need for the Agency to work with other external audit-oriented bodies to ensure maximum benefit is derived from external review. He added that a multifaceted approach would place more emphasis on the internal audit function.
 The Director-General submitted that on assumption of office, he noted the following:
a) lip service was being paid to the internal audit function
b) control systems in the public sector were weak
c) no public sector professional body for Internal Auditors
d) recruitment of Internal Auditors done by different entities such as the Ministry of Local Government, PSC and SOEs.
e) training of Internal Auditors lagging behind
 Dr. Osae mentioned that processes have commenced to streamline the internal audit function by:
a) moving away from conventional auditing to risk-based internal auditing
b) streamlining enterprise risk management into the operations of public sector institutions.
c) emphasising performance auditing rather than financial auditing
He revealed that the Internal Audit Service (IAS) Bill which would ensure the independence of Internal Auditors and resolve public financial management challenges has received an interim approval to be laid before Parliament. He sought the support of KPMG to:
i) Develop administrative manuals and embark on a comprehensive capacity building of Internal Auditors
ii) Develop L.I. and Regulation of the yet to passed IAS Bill and embark on rigorous sensitisation of the Bill, Conditions of Service and administrative manuals.
iii) Provide financial monitoring by developing Consolidated and Reporting Manuals with emphasis on IFRS and IPSAS. This would include training of staff of supervising institutions such as the IAS, Auditor-General and SIGA.
iv) Develop a PFM League Table to be published annually
v) Develop a five-year Strategic Plan (2023-2027) for the new IAS
vi) Develop an Institute of Internal Auditors (IIA) Bill to assist in the capacity building of Internal Auditors as pertains in the ICAG.
