The Internal Audit Standards Directorate prescribes Internal Audit procedures
consistent with the provisions of the PFM Act, 2012. It also prescribes internal audit
standards and policies through the International Professional Practices framework
issued by the Institute of Internal Auditors (IIA) Global (responding to exposure drafts).
The directorate mainstreams best practices for good governance, internal controls and
The directorate performs the following roles in line with the Board’s strategic themes;
i) Prescribe internal audit procedures which comply with the PFM Act.
ii) Participation in the development of standards and policies through the
International Professional Practices framework issued by the IIA Global
(Responding to Exposure Drafts).
iii) Development and updating guidelines, tools and templates for Internal Audit,
and audit committees in Public Sector.
iv) Publishing research reports on matters relating to internal auditing standards,
internal controls, risk management and governance.
v) Development and updating risk management policies, guidelines, manuals and
vi) Development and review of content for online repository of eLearning materials
vii) Undertaking capacity building initiatives for various stakeholders implementing
viii) Monitoring compliance of implementation of IPPF, guidelines, manuals (including
following up on establishment of audit committees and implementation of audit
committee guidelines in public entities).
ix) Engaging with PSASB stakeholders to collaborate in delivering the Board’s
x) Supporting implementers in implementing and interpreting prescribed standards
(Responding to queries).