As part of ongoing reforms round internal audit, realigning the functioning of internal audit along best practice guidelines issues by the Public Sector Accounting Standards Board (section 73(4) of the PFM Act 2012) requires a shift from transactions/compliance audit procedures to Risk Based Audit Approach and Value for Money audit methodologies (section 73(3)(b) of the PFM Act 2012).

The need to comply with these reforms has necessitated the automation of the internal audit function using Teammate Audit Management System and adoption of modern audit tools (IDEA) for data mining. This automation will ensure improved efficiency in internal audit services delivery in the public sector.

As part of the automation process, the Internal Auditor General Department has set up an Information Systems (IS) Audit unit which will impact on the service delivery of the department in the following key aspects;

1. Timely generation of value adding internal audit reports with enhanced quality of audit findings and supporting evidence
2. Adherence to internal audit standards and best practices as regards audit planning, execution, reporting and quality control
3. Effective and efficient utilization of internal audit resources e.g. personnel, time etc.
4. Standardized audit approach and comprehensive coverage of audit engagements
5. Better alignment of audit objectives with management objectives