Sunday, December 22, 2024

RISK-BASED INTERNAL AUDIT (RBIA) TRAINING- VOLTA/OTI

As part of the nationwide RBIA Training for Public Sector being rolled out by the Internal Audit Agency (IAA), that of the Oti and Volta Regions came off from 10th – 11th October, 2022 at the Regional Minister’s Residency at Ho. The programme was opened by the Deputy Director-General in charge of Technical and Field Operations, Mr. William K. Offei-Mensah on behalf of the Director-General, Dr. E.O. Osae.

Mr. Augustus Awity, the Regional Coordinating Director who delivered the welcome address on behalf of the Regional Minister said the RBIA Workplan Training is to provide Internal Auditors with skills to forecast risk and mitigate against it. He continued that over the years, Internal Auditors in the MMDAs have been forecasting risks yet External Auditors unearth audit infractions which is a dent on the work of Internal Auditors. He urged participants to take the training seriously to enable them avert risks found in the institutions. Mr. Awity tasked participants to share knowledge acquired at the training with colleagues.

 In an opening address read on behalf of the Director-General of IAA by Mr. Offei-Mensah, mention was made of Guidelines for the preparation of the 2023 Risk-Based Internal Audit Plans issued by the Agency. The mandatory thrust areas for consideration in the 2023 RBIA plan include the following among others:

a) Monthly auditing of the ESPV.

b) Follow-up and validate implementation of recommendations contained in the 2021 Auditor-General’s Report and Management Letter.

c) Ensure the mainstreaming of Enterprise Risk Management (ERM) system into the operations of covered entities.

d) Ensure the mainstreaming of performance auditing into key operational areas of covered entities.

e) Ensure compliance with expenditure rationalisation, and revenue enhancement measures.

 Mr. Offei-Mensah concluded by advising participants to pay attention to resource persons and ensure the transfer of knowledge to enable staff of the Internal Audit Units benefit from the training.

 

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