Functional Statement

1. Management Audit Division

The Management Audit Division shall evaluate the achievement of the control objectives which include the safeguarding of assets, checking the accuracy and reliability of accounting data, adherence to managerial policies, compliance with laws, rules and regulations by utilizing internal auditing methods. It has the following functions:

1. Conduct management audit of activities and its units and determine the degree of compliance with the mandate, policies, government regulations, established objectives, systems and procedures/processes and contractual obligations (Section 2.4b, DBM Circular Letter No. 2008-5 and Section 1.1.2, AO 278, s. 1992);
2. Review and appraise systems and procedures/processes, organizational structure, assets management practices, financial and management records, reports and performance standards of the agencies/units covered (Section 2.4c, DBM Circular Letter No. 2008-5);
3. Verification and analysis of financial and management data to ascertain if attendant management information systems generate data or reports that are complete, accurate and valid (Section 4.1.1.2, DBM Budget Circular No. 2004-4);
4. Ascertain the reliability and integrity of financial and management information and the means used to identify, measure, classify and report such information (Section 1.1.1, AO No. 278, s. 1992);
5. Ascertain the extent to which the assets and other resources of the institutions are accounted for and safeguarded from losses of all kinds (Section 1.1.3, AO 278, s. 1992);
6. Review and evaluate the soundness, adequacy and application of accounting, financial and management controls and promote the most effective control at reasonable cost (Section 1.1.4, AO 278, s. 1992);
7. Evaluate the quality of performance of groups/individuals in carrying out their assigned responsibilities (Section 1.1.6, AO 278, s. 1992);
8. Perform functions of a protective nature, such as prevention and detection of fraud or dishonesty; review of cases involving misuse of agency property; and checking of transactions with outside parties (4.1.1.4, DBM Budget Circular No. 2004-4); and
9. Perform miscellaneous services, including special investigations and assistance to outside contacts such as COA (Section 4.1.1.5, DBM Budget Circular No. 2004-4).

1. Operations Audit Division

The Operations Audit Division shall evaluate the extent of compliance and ascertain the effective, efficient, ethical and economical execution of operations by utilizing internal auditing methods. The Division is tasked to perform the following functions:

1. Conduct operations performance audit of activities of the department/GOCC and their units and determine the degree of compliance with the mandate, policies, government regulations, established objectives, systems and procedures/processes and contractual obligations (Section 2.4b, DBM Circular Letter No. 2008-5);
2. Review and appraise systems and procedures/processes, organizational structure, operations practices, operations records, reports and performance standards of the agencies/units covered (Section 2.4c, DBM Circular Letter No. 2008-5);
3. Verify and analyze operations data to ascertain if attendant management information systems generate data or reports that are complete, accurate and valid (Section 4.1.1.2, DBM Budget Circular No. 2004-4);
4. Ascertain the reliability and integrity of operational information and the means used to identify, measure, classify and report such information (Section 1.1.1, AO No. 278 s. 1992);
5. Review operations or programs to ascertain whether or not results are consistent with established objectives and goals and whether or not such programs are being carried out as planned (Section 1.1.5, AO 278 s. 1992);
6. Evaluate the quality of performance of groups/individuals in carrying out their assigned responsibilities (Section 1.1.6, AO 278 s. 1992);
7. Recommend courses of action on operational deficiencies observed (Section 1.1.7, AO 278 s. 1992);
8. Perform functions of a protective nature, such as prevention and detection of fraud or dishonesty; review of cases involving misuse of agency property; and checking of transactions with outside parties (Section 4.1.1.4, DBM Budget Circular No. 2004-4); and
9. Perform miscellaneous services, including special investigations and assistance to outside contacts such as COA (Section 4.1.1.5, DBM Budget Circular No. 2004-4).

• Vision

The Internal Audit Service (IAS) will be regarded as a valued resource which provides added value and trusted assurance and advisory services to LCE, management, staff and other stakeholders.

• Mission

The Internal Audit Service (IAS) supports the LCE and management of LGU Manolo Fortich in enhancing and protecting the agency value by improving its operations, governance, risk management and control processes through the provision of risk based, independent and objective assurance, counsel, and insight.

• Core Services

The Internal Audit Team plans to deliver the Vision and Mission Statements by providing the following core services:

1. Assurance Services – Review policies, procedures and operations, people, processes and systems, to assess adequacy, efficiency and effectiveness of, and compliance with, related control structures, so as to determine whether risks are appropriately managed;

1. Advisory Services – Assist Key stakeholders by helping in reviewing specific issues and concerns that are better addressed through an advisory type engagement

• Core Values

The core values of the Internal Audit Team are:

1. Teamwork – We support each other, working collaboratively for the good of the team, respecting and listening to each other’s opinions and outlooks;

1. Improvement and innovation – We continually seek process enhancements that focus on organizational changes, expectations, strategic plans/initiatives and efficiency/ effectiveness; and  empowering our staff to develop and perform their roles better through effective leadership;

1. Individual responsibility  – We act with honesty, fairness, integrity and reliability, taking pride in everything we do;

1. Excellent customer service – We respond quickly and effectively by providing excellent service, respect and fairness in dealing with others.

1. Accountability – We willingly accept responsibility for our actions and take ownership of the work assigned to us.

1. Confidentiality – We strive to consistently maintain confidentiality in all circumstances as required by professional standards.

Organizational Structure

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