Dear Editor,
Having read Mr Jermain Johnson’s letter, captioned “What has the city’s internal audit section been doing?” there are other questions which need to be asked and be answered, hence this letter.
Our readers need to know whether this Municipality has an Internal Audit Char-ter. This Charter is a formal document which defines the internal audit activity’s purpose, authority and responsibility. It establishes the internal audit activity’s position within the Georgetown Municipality, authorises access by the auditors to the records, personnel, and physical properties, relevant to the performance of engagements, and finally, it defines the scope of internal audit activities.
If there is no Charter, then the Internal Audit Section (IAS) is limited in their scope of activities. However, if there is a Charter, then the IAS is not meeting the professional practice of internal auditing as promulgated in the International Auditing Standards of the Institute of Internal Auditors (IIA)-Global.
Another burning issue is whether the IAS has its independence. This is achieved when the Head of IAS reports functionally to the Council and a Sub-Committee of the Council, in fulfilling its…
