Internal audit function was established in Finance Department (along with Home, Health and School Education Department) in May 2017 through an Internal Audit Charter approved by Honorable Chief Minister Sindh under World Bank funded, Sindh Public Sector Reform Management Project.
The internal audit function provides the assurance services to ensure that the Finance Department’s system of risk management, control and governance processes, as designed and presented by management, are robust, i.e. adequate & appropriate to the professional standards and functioning in a prescribed manner.
The scope of the internal audit is unrestricted and includes strengthening internal controls, adherence to centrally prescribed policies and procedures; laws, rules and regulations and directives to foster economy, efficiency and effectiveness of the activities of the department and organizations with transparency in the audit execution and sustainability of the public services delivery.
The overall structure of the Internal Audit function in Sindh has a Provincial Internal Audit Committee (PIAC) chaired by the Finance Minister. The PIAC is responsible for establishing and maintaining a robust internal audit function and mechanism, for the Government of Sindh. The PIAC oversees the implementation of Internal Audit Charter, Law & Rules made for the purpose in accordance with the relevant provisions.
The PIAC is supported by an appropriately staffed Secretariat established at the Finance Department, as per the scope laid down in the IA Charter.
Departmental Internal Audit Committee which is headed by the Secretary Finance with clear mandate and scope as laid down in approved IA Charter is a forum where internal audit plan, internal audit reports are presented and corrective actions are instructed to concerned Wings / Units of Finance Department.
The Internal Audit function at finance department is responsible to assess on a regular basis:
Internal Audit Unit is headed by Syed Sameer Abbas Ali who is a Chartered Accountant and an associate member of Institute of Chartered Accountants Pakistan. He has more than 10 years of experience in external and internal audits in audit firm as well as listed companies. Prior to GoS, he was associated with BIPL Securities Limited (Formerly KASB Securities Limited) as Head of Internal Audit. Before BIPL, he was working in Riaz Ahmad, Saqib, Gohar & Co., Chartered Accountants (A member firm of AGN International) as Manager - Audit & Assurance.
|Level||Steps to be Taken|
|2.Adoption of regulatory framework||
- Development of
- Conduct of audits as per plan
|3.Integrated within the Department||
|4.Management of process implementation||
Currently, Internal Audit Function in Finance Department lies between level 3 & level 4 above.
Since its establishment, internal audit function has audited following sub-functions of Finance Department and has recommended various controls, procedures, information systems to strengthen internal controls and bring efficiency in service delivery: