Internal Audit Unit

Accountability and Mandate

The Internal Audit Unit plays a non-partisan role in public sector accountability. It maintains continuous checks over all financial departments, revenue collectors, and expenditure points in Olamaboro Local Government Area. The Unit reports to the Executive Chairman and legislative councils while complying with Kogi State public sector financial management guidelines.

Primary Audit Functions

• Continuous Audits: Conducting daily, weekly, and monthly audits of all financial journals, ledger systems, and petty cash systems.
• Fraud Detection: Performing detailed verification procedures to prevent or detect cases of fraud, embezzlement, or omission of financial entries.
• Asset Verification: Inspecting council assets, works projects, and stores to ensure proper procurement and inventory records are kept.
• Internal Control Evaluation: Reviewing financial systems and suggesting improvements in internal control procedures to the Treasurer.