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Updated
Date : 30/06/2010
RRF Internal Audit Cell
Internal audit is a continuous process of on-going
activities. The basic function of this cell is to find out if
there is any deficit on overall activities of the organization
or to verify if there is any errors to continue the activities
at unit level and to submit a report to the management in this
regards as per Terms if Reference (TOR) is provided by the top
management of the organization
Objectives
of Internal Audit
-
To determine
the effectiveness of the accounting system and to justify
whether the accounting system. This is being followed, is
so much justified and consistent.
-
To determine
whether internal control System is adequate to prevent Irregularities
of financial transactions as well as administrative irregularity.
- For the better implementation
of the programs for the organization/unit various circulars
regarding Accounts, guidelines for savings and loan policies
regarding personnel management etc. are introduced by the top
management which are the proper guidelines for the for the,
personnel who are involved with the financial and administrative
activities
- The audit cell minutely examine whether the
financial and accounts related activities are being operated
in proper way. To find out if any sort of irregularities, errors,
fraud, forgery etc. and to inform to the top management for
to take necessary action accordingly.
Manpower
of the audit Department
In according with the TOR of audit whether the overall activities
of the organization are being continued smoothly, the audit cell
has 20 manpower including an Assistant Director (Audit) who conduct
the 100% physical cross check of all the records and data which
are being maintained by the unit offices and also field levels
as well as to audit on the program management
Audit Planning
& Achievement Report : 2010-2011
Particulars |
Planning |
Achievement |
Variance |
%
to Achievement |
| Number of Unit
(100% audit) |
238
|
212
|
26
|
89% |
| Number of Unit (Visit) |
357 |
321 |
36 |
90% |
| Number of Region |
38 |
25 |
13 |
65% |
| Head office ( Financial Year) |
1 |
0 |
0 |
0 |
| Development program (Financial
year) |
20 |
11 |
9 |
55% |
Auditing
System
- To check the activities in according
to the Terms Reference and to inform to the top management.
- To perform the audit using separate
checklist for accounts and programs. According to the plan Auditor
be carried out 100% twice in a year.
- To visit the activities of the
unit office at any time as surprised if necessary as well as
instruction of the top management.
- To investigate the activities
of the unit office at any time as surprised if necessary as
well as instruction of the top management.
- To check any financial statement
of any office if any instruction of the top management.
- To assist the visitor of the
donor and external auditors if necessary of the top management.
- To submit the audit report mentioning
observation objection and recommendation to the top management.
The
particulars in aspects of quality & development of the Micro
finance program in effect of internal audit are given below:-
- The errors and mistakes have
been reduced in the Micro credit program report and others Development
program report due to find out and rectify the errors nod mistakes
of the above programs and also to recommend whether not to repeat
the same the errors and mistakes.
- It has been possible to protect
the financial irregularities due to find out the financial irregularities
of the programs and to justify whether the internal control
system is sufficient or not by Internal Auditors.
- The Internal audit is assisting
to increase the qualities of the financial accounts, Micro Credit
program and Efficiency of the staff to identify whether the
accounts and programs management are been continued as per guideline
of the organization.
- The errors of the Micro Credit program have
been reduce find out the same of the program report and resolve
the same at that time.
- The Internal audit is assisted
to the management to determine the accuracy of dates of the
MIS and AIS.
- The activities are being continued
to follow the credit manual due to observe wither the programs
are being operated as per guideline of the credit perating policy.
- The Management is assisted regarding the techniques
to recovery the overdue loan due to find out the reasons of
increasing the overdue loan.
The Internal Audit
Department is playing an excellent role on strengthen program
and financial Sustainability of Micro Credit program if the recommendations
of the audit report will be implemented effectively by the implementing
authority.
It is going on
Internal audit among the group members and physically pass book
checking.
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