The Unit is responsible for ensuring that financial transactions within the Ministry conform to the financial regulations as stipulated in the Public Finance and Accountability Act.
Key Functions.
- Identify potential fraud, omissions and commission areas of risks and put in place measure to safeguard against the risks.
- Review and appraise the soundness, adequacy, application and efficiency of the financial, accounting and other operating controls to counter potential risks.
- Ensure compliance with existing financial policies, plans and budgets by management.
- Verify financial transactions and ensure compliance with the current financial regulations, procedures and practices.
- Carry out value for money assessment of the on-going projects and programmes in the Ministry.
- Prepare periodic audit reports and submit to relevant authorities for action.
- Advise the Management of the Ministry on matters regarding financial accountability.
- Bring to the attention of the Ministry Management any matters of financial misappropriation and or mismanagement.
Key Outputs.
- Potential fraud, omissions and commission areas of risks identified, and measure to safeguard against the risks put in place.
- Soundness, adequacy, application and efficiency of the financial, accounting and other operating controls to counter potential risks reviewed and appraised.
- Compliance with existing financial policies, plans and budgets by management ensured.
- Financial transactions verified and compliance with the current financial regulations, procedures and practices ensured.
- Value for money assessment of the on-going projects and programmes in the Ministry carried out.
- Periodic audit reports prepared and submitted to relevant authorities for action.
- Management of the Ministry advised on matters regarding financial accountability.
- Matters of financial misappropriation and or mismanagement brought to the attention of the Ministry management.
