Effectiveness of Internal Audit in the Ministry of Agriculture and Livestock
Research Title: Assessment of the effectiveness of internal audit in the Ministry of Agriculture and Livestock. Case study of Southern Province Choma Office
CHAPTER ONE
1.0 INTRODUCTION
1.1 Back ground
According to Hector Perela, (2009), Internal auditing function with other intervention mechanisms like financial reporting and external audit to helps maintain cost-efficient contracting between owners and managers. It is designed by government agencies to add value and improve organizational performance. It helps organizations accomplish their objectives by bringing a systematic, disciplined approaches to evaluate and improve the effectiveness of risk management, control and governance processes.” Internal audit helps organizations to ensure that financial and other records are reliable and complete.
As well as ensuring that management adheres to policies and procedures for orderly and efficient conduct of the business, proper recording and safeguarding of assets and resources. The purpose of internal audit as far as the organization is concerned is to get accounting errors corrected and control weaknesses eliminated.
The Ministry of Agriculture and Livestock in Zambia has three departments namely Agriculture, Veterinary and Fisheries is perceived to play a very important role in the process of diversification of the economy. The National Medium Term Priority Framework 2009-2013 has highlighted that the government of the republic of Zambia in partnership with other donors especially (FAO) Food and Agriculture Organizations have identified the important areas of development in terms of reduction in post-harvest losses, improved food safety and quality standards; improved availability and diversity of nutritious food at household level
In order to achieve these objectives the Government every year sets aside a budget for the facilitation of these activities and it has put up some accounting systems governed by the Public finance bill of (2004:52).The
CHAPTER ONE
1.0 INTRODUCTION
1.1 Back ground
According to Hector Perela, (2009), Internal auditing function with other intervention mechanisms like financial reporting and external audit to helps maintain cost-efficient contracting between owners and managers. It is designed by government agencies to add value and improve organizational performance. It helps organizations accomplish their objectives by bringing a systematic, disciplined approaches to evaluate and improve the effectiveness of risk management, control and governance processes.” Internal audit helps organizations to ensure that financial and other records are reliable and complete.
As well as ensuring that management adheres to policies and procedures for orderly and efficient conduct of the business, proper recording and safeguarding of assets and resources. The purpose of internal audit as far as the organization is concerned is to get accounting errors corrected and control weaknesses eliminated.
The Ministry of Agriculture and Livestock in Zambia has three departments namely Agriculture, Veterinary and Fisheries is perceived to play a very important role in the process of diversification of the economy. The National Medium Term Priority Framework 2009-2013 has highlighted that the government of the republic of Zambia in partnership with other donors especially (FAO) Food and Agriculture Organizations have identified the important areas of development in terms of reduction in post-harvest losses, improved food safety and quality standards; improved availability and diversity of nutritious food at household level
In order to achieve these objectives the Government every year sets aside a budget for the facilitation of these activities and it has put up some accounting systems governed by the Public finance bill of (2004:52).The