The Internal Audit Agency (IAA) was established under the Internal Audit Agency Act, 2003 (Act 658) to coordinate, facilitate and promote quality assurance for internal audit activities within Covered Entities Section 16 (3) of the Internal Audit Agency Act and Section 83 of the Public Financial Management Act 2016 (Act 921) requires Covered Entities to periodically submit various reports and plans to the Agency as an assurance that control systems in Covered Entities are working.

The required reports are:

1. Quarterly Internal Audit Reports
2. Annual Internal Audit Work plans within 30 days after the beginning of the financial year.
3. Annual Report of the Covered Entty’s Audit Committee on the Status of implementing recommendations from Internal Audit Reports, Parliament’s decision on the Auditor-General’s Report, Audit General’s management letter and other Monitoring Reports.

STATUS OF SUBMISSION

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As at 31 December 2020, the following Covered Entities HAVE DEFAULTED in submitting the required reports to the Agency:

NON-SUBMISSION OF QUARTERLY INTERNAL AUDIT REPORTS NON-SUBMISSION OF 2020 ANNUAL INTERNAL AUDIT PLANS
 1. Ahafo Regional Coordinating Council2. Biskoye District Assembly
3. Central Regional Coordinating Council
4. Central Tongu District Assembly
5. Department of Parks and Gardens
6. Department of Social Welfare7. District Assemblies Common Fund (DACF)
8. Electricity Company of Ghana Ghana Trade Fair Company Limited
10. Ghana Tourism Development Company Limited
11. Ghana infrastructure investment Fund (GIF)
12. Ghana Education Service
13. Ghana Institute of Clinical Genetics
14. Scholarships Secretariat
15. Ghana College of Pharmacists
16. Kintampo Health Research Centre
17. Krachi West District Assembly
18. Kwahu Afram Plains South District Assembly19. Labour Department
20. Law Reform Commission
21. Ghana Meteorological Agency
22. Microfinance and Small Loans Centre (MASLOC)23. Ministry of Chieftaincy and Religious Affairs
24. Narcotic Control Commission
25. National Theatre of Ghana
26. National Council for Tertiary Education
27. National Blood Service
28. National Commission on Culture
29. National Media Commission (NMC)
30. National Sports Authority
31. New Times Corporation
32. Non-formal Education Division
33. Office of the Administrator of Stool Lands (OASL)
34.Parliamentary Service
35. Postal and Courier Services Regulatory Commission
36. Produce Buying Company Limited
37. Public Procurement Authority (PPA)
38. Public Records and Archives Administration Department (PRAAD)
39. Regional Maritime University
40. St. Francis College of Education
41. Ghana Standards Authority42. State interest and Governance Authonty (SIGA)
43. Students Loan Trust Fund

44.University of Development Studies (UDS)
45. Upper East Regional Coordinating Council
46. Upper Manya Krobo District
47. University of Professional Studies, Accra (UPSA)
48. Volta Aluminum Company Limited
49. Water Resources Commission (WRC)
50. Zabrugu District Assembly

1. Accra College of Education
2. Birth and Deaths Registry
3. Bula North District Assembly
4. Central Tongu District Assembly
5. Cocoa Processing Company Limited
6. Council for Tertiary and Vocational Education Training (CETVET)
7. Department of Parks and Gardens
8. Electricity Company of Ghana Limited
9. Geological Survey Authority10. Ghana Tourism Development Company Limited
11. Ghana Trade Fair Company Limited
12. Ghana Education Service (GES)
13. Ghana College of Pharmacists
14. Ghana Institute of Clinical Genetics
15. Ghana Prisons Service
16. Ghana Infrastructure Investment Fund
17. Ghana Ports and Harbours Authony
18. Scholarships Secretariat
19. Graphic Communication Group Limited
20. Kintampo Health Research Centre
21. Krachi West District Assembly
22. Kwahu Afram Plains South District Assembly
23. Kwame Nkrumah University of Science and Technology (KNUST)24 Law Reform Commission
25. National Theatre of Ghana
26. National Blood Service
27. National Media Commission
28. New Times Corporation
29. Non-formal Education Division
30. North East Regional Co-ordinating Council (NERCC)31. Office of the Administrator of Stool Lands
32. Postal and Courier Services Regulatory Authority
33. Produce Buying Company Limited
34. Public Utility Regulatory Commission (PURC)
(PCSRA)
35. Public Procurement Authority (PPA)
36. Public and Archives Administration Department (PRAAD)
37. Regional Maritime University38. South Tongu District Assembly
39. St Vincent College of Education
40. State Transport Corporation (STC)
41. State Interests and Govemance Authority (SIGA)42. Takoradi Technical University (TTU)
43. University of Development Studes. (UDS)
44. Upper Manya Krobo District Assembly
45. Wa Polytechnic
46. Water Resources Commission (WRC)
47. Zabzugu District Assembly

 

Affected Covered Entities are advised to submit the required reports to the Agency not later than 28 February 2021. Failure which appropriate actions required by the Public Financial Management (PFM) laws of Ghana shall be taken against them.

ISSUED BY THE INTERNAL AUDIT AGENCY

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SOURCE: Daily Graphic

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